IAFEI PROG2004 3.modif 20/09 · Robert Koren, VP, Area Manager, Starwood Hotels & Resorts Italy &...

XXXV I.A.F.E.I.

Financial Executives SummitFlorence, October 11-13, 2004

Con il patrocinio di In collaborazione con

Business RenaissanceStorms Are Not Forever

XXXV I.A.F.E.I.World Congress

Business Renaissance

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WELCOME ADDRESS

ANDAF has been entrusted to organize the 2004 IAFEI World Congress in Italy.This is the 35th Worldwide CFO Summit and it is the third time that ANDAF organizes it, after the 1984Summit in Venice and the 1995 Summit in Rome.

The invitation to attend in great number has been extended not only to the 32.000 associates to the 22 international member institutes of IAFEI, but to the community of finance and administration executives atlarge and other qualified audiences interested to the economic sides of our daily lives.

Not by chance we have selected Florence as the city to host this event. Florence is the nest of Renaissance and we wanted to dedicate our 2004 meeting to the Business Renaissance,a long-waited exit from a too long string of events that have put our economies to hard tests at the same time:scandalous economics collapses, terrorism and the response, declining consumers trust and economies forced to fight against each other and against emerging ruleless economies. Not to forget the Euro introduction, and the coming EU enlargement outlooks .

Our 2004 Summit wants to light the road to a strong economic recovery with themes that confront and dealwith the difficulties ahead and with speakers that are first entrepreneurs and testimony of the willingness andability to face and win any challenge.

We want this Summit to be the most relevant and interesting international event addressed to finance peoplein 2004 in Italy.

A number of prestigious sponsors have supported the efforts to put together some of the most successful companies and men that have recently emerged in the international scene.

In particular, our agenda has included the industries and business sectors with which Italy is best associated in the world: leadership, creativity, fine mechanics, fashion, brand stretching and revamping,good food, good health and art treasures. Within this group, to name a few, the speakers represent the EUand the European Securities Exchanges presidencies and such names as Bulgari, ENEL, Ferrari-Maserati,FIAT, Gucci, Pininfarina and the Vatican City State.

Come to Florence and understand how and why some of the world’s leading industries and brands host inItaly their crown’s jewels: Deloitte, IBM, Morgan Stanley, Oracle, Royal Bank of Scotland, Starwood Hotels& Resorts and Vodafone will have their success stories told.

Come listen to a Nobel Prize talking currencies, and face though issues as cultural and business convergencesand divergences, and listen of values at test as independency, ethics and, finally, the credibility of our system.

Attend our roundtables that gather the world’s best to discuss Independency Accounting Principles’ futureand where Stock Exchanges are pointing.

Finally, come to enjoy a sweet Italian autumn and our social program.

Be our guest at the Gala Dinner where world famous Amii Stewart’s voice will entertain us and party on theoptional post-meeting activities, picking your favourite Maserati out of those in permanent exhibition for aroad or track test, or go for a golf tournament or - if you so prefer- for a tempting Chianti - area wine tasting,while spouses will indulge to a private fashion show (don’t forget to lend them your credit cards) and to a fullday stroll on the Florentine hills.

Welcome to Florence to each of you

The Organizing Committee of

The XXXV IAFEI World Congress


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WELCOME TO FLORENCE

At the heart of the fertile Region of Tuscany, Florence is universally renowned for its monuments, art col-

lections and beauties. It has become one of the major destinations of the international tourism.

Although the Etruscans had settled on the hills surrounding Florence, with their stronghold in Fiesole from

900 BC, the Roman city of Florentia was founded by the roman leader Julius Caesar around 59 BC

In the Middle Ages Florence, after having been a centre of Tuscany’s Marquisate, gained significant impor-

tance in Italy and beyond its border, as a “free town”.

The 15th century saw the beginning of the role of the Medici Family’s line. During this period, Florence

rose to eminence among the Italian cities - the Queen of the Renaissance – in art, culture, political and eco-

nomical power.

With the extinction of the Medici Family’s line in the early 18th century, Florence passed to the dominion

of the Dukes of Lorraine.

In 1860 Tuscany was united with the new Kingdom of Italy with Florence as capital city from 1865 to 1871.

Nowadays, Florence is the chief city of the Region of Tuscany, well known in the world for its hills culti-

vated with olive trees and vineyards, in particular those of the Chianti area, where high quality wines have

been produced since the 14th century.

Tuscan handcrafts are based on a long standing tradition; this is carried out in small or medium size facto-

ries or workshops, producing items in gold, silver, leather, ceramics, porcelain, iron and marble.

Once home of artists such as Dante, Leonardo, Raffaello, Cellini and Michelangelo, today Florence, on the

banks of the river Arno, still shines as an artistic jewel and thrives on its rich heritage.


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DIRECTORIES

ANDAFPaolo BertoliPresident

Michele MalusàSecretary General

Daniela GuidottiAssistant

Via Azario, 1 - 20123 Milano (Italy)Phone:+39 02 43982043 - Fax: +39 02 43315035E-mail: [email protected]

IAFEIRoberto RoveraChairman

Giuliana BertinExecutive Director

Via Cibrario 27 - 10143 Torino (Italy)Phone: +39 011 4374558 - Fax: +39 011 4374318E-mail: [email protected]

ORGANIZING COMMITTEEGabriele FontanesiPast Chairman IAFEI and Chairman

Sergio LamonicaTechnical papers

Romano GuelmaniLiason with IAFEI

Carlo LocatelliTreasurer

Fausto CosiFlorence Chapter Chairman

Pierluigi AlemanniMember

ORGANIZING SECRETARIATNewtours S.p.A.Via A. Righi, 8 - Loc. Osmannoro50019 Sesto Fiorentino, Firenze - (Italy)Phone: +39 055 33611Fax: +39 055 3361350E-mail: [email protected]


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CONGRESS TIMETABLE

SUNDAY, OCTOBER 10TH 2004

OPENING CEREMONY

12.00-16.00 Advanced registration at Palazzo Corsini

16.00 Opening Ceremony and Welcome Cocktailat the Palazzo Vecchio, followed by a guided visit to the Corridoio Vasariano, UffiziGallery.

DAY 1 - MONDAY, OCTOBER 11TH 2004

08.00-09.00 Participants Registration

09.00-09.15 Welcome and Opening RemarksPaolo Bertoli, ANDAF PresidentRoberto Rovera, IAFEI Chairman

09.15-10.00 KEYNOTE ADDRESS

10.00-10.45 CURRENCIES OVERVIEWA review of the strengths and weaknesses of the relevant world currencies. An outlook on their interrelations, and on primacy.Robert Mundell, Economics Professor, Columbia University, Nobel Prize, USA

10.45-11.15 Coffee break

11.15-12.00 CONVERGENCE OR DIVERGENCE?A discussion as to whether the western vision of the world will lead to cultural and business convergences, and an examination of the risk that it will exacerbate differences.Toyoo Gyohten, President of the Japan Association for CFOs, President of the Institute for International Monetary Affairs and Senior Advisor of the Bank of Tokyo-Mitsubishi Ltd., Japan

12.00-12.45 COMPETITION & ANTITRUSTRepresentatives of the EU and Italian antitrust authorities (TBD) and LECG advisors (TBD) will offer a perspective on the themes of the alignment of domestic business regulations and of the intellectual properties’ protections worldwide.

12.45-14.15 Lunch

AFTERNOON THEMATIC CONCURRING SESSIONS - BY REGISTRATION

14.15-15.00 OUR COMMON VALUES

Session 1A - Human ResourcesWhen people, not technology, make the difference. The emphasis on human capital in a high-tech business renown for innovation and continuous improvements.Andrea Pontremoli, President and CEO, IBM Italy, Greece, Israel & Turkiye, Italy

Session 1B - Business EthicsAn overview on the ethical role of corporations in today’s environment, led by Milo Goj, Director, Espansione, Italy who will stimulate inputs on how businesses and advisers work together. Gary J. Previts, Past Chairman, IAFEI Financial Ethics Committee, Case Western Reserve University, USAJeffrey K. Willemain, Managing Partner - Global Regulatory and Risk Group, Deloitte, USA


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15.00-15.45 BUSINESS INNOVATION

Session 2A - Energy and Vital SourcesA critical review of energy development and fuel dependance.Paolo Scaroni, CEO, ENEL, Italy

Session 2B - Vision in Support of InnovationContinuous changes in regulations and increasing demand for efficiency of critical business processes and organisations call for a comprehensive vision on corporate governance.Innovative e-applications improve internal efficiencies and provide superior customer service.Jeff Henley, Chairman and CFO, Oracle Corp, USA


16.15-17.00 THE POWER OF IMAGINATION

Session 3A - The Fashion BusinessHow CFO help creativity to be a flourishing business. A review of the value generation and management in a business depending on unusual variables.Giacomo Santucci, President & CEO, Gucci, Italy

Session 3B - Imagination at WorkMore and more industries turn to designers for success. How the world’s renown industrial designers help the car manufacturers and other industries.Paolo Pininfarina, CEO, Pininfarina Extra, Italy

17.00-17.45 DAY 1 CLOSING PRESENTATIONS

Session 4A - HospitalityA core value of the Italian heritage interpreted at its best. An anticipation of the changes ahead in the hospitality industry and a roadmap to its tomorrow's competition.Robert Koren, VP, Area Manager, Starwood Hotels & Resorts Italy & Malta, Australia

Session 4B - Corporate GovernanceThe CFO roles and responsibilities in the draft of the Italian legislation on listed companies’ controls. Discussion led by Paolo Bertoli, President, ANDAF, ItalyBruno Assumma, Lawyer, expert in penal law, University Professor, ItalyBruno Colombo, Vice President, Spencer Stuart, ItalyFrancesco Tedeschini, Lawyer, expert in corporate law, Partner, Chiomenti e Associati, ItalyMatteo Fusillo, Lawyer, expert in labour law, Partner, Gianni, Origoni, Grippo & Partners, ItalyMaurizio Leo, Tax School Professor, Vice President of the VI Permanent Commission (Finance)of the Ministry of Economics and Finance, Italy.

17.45 END OF DAY 1

17.45 Side Workshop and CocktailROUNDTABLE COMPENSATION POLICYAn overview on compensation programs and trends. How a private bank can increase theattractiveness of a long term incentive plan by offering financial solutions. Roundtable led by Paolo Bertoli, ANDAFMarco Bolgiani, General Manager, UniCredit Private Banking, ItalyLuigi Marchesi, Manager Executive Compensation, Towers Perrin, ItalyTBD, Chief Human Capital Resource of a Primary Italian Company.

20.00 SOCIAL PROGRAMGuided visit to the secret parts of the Duomo Santa Maria del Fiore, followed by an organ concert inside the cathedral.


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DAY 2 - TUESDAY, OCTOBER 12TH 2004

09.00-12.15 ROUNDTABLES MORNING

09.00-10.30 INDEPENDENCY ROUNDTABLERepresentatives of the communities of Directors, Auditors, Merchant Bankers, Financial Analysts, Advisors, Rating Agencies, Risk Assessors are interviewed on the subject of independency by a prominent business journalist. An assessment will bemade as to whether credibility is finally at premium over visibility.Roundtable led by:Guido Gentili, Director, Il Sole 24 Ore, ItalyParticipants:Giampaolo Trasi, Chairman, AIAF- Association of the Italian Financial Analysts, ItalyLorenzo Pugassi, General Manager, HSBC, ItalyMaurizio Tamagnini, Managing Director, Investment Banking, Merrill Lynch, ItalyMichael R. Foley, Senior Managing Director - Europe, Moody's, USAMike Rake, Senior Partner and Chairman, KPMG International, UK


11.00-12.15 CONCURRING SESSIONS

ROUNDTABLE AACCOUNTING PRINCIPLESThe roundtable will examine progresses towards common EU standards. A debate will enlighten the summit participants on where the EU stands towards tax harmonisation, and when and how it will come.Roundtable led by:Tom Jones, Vice Chairman IASB, Former Principal Financial Officer Citicorp, UK Participants:Alberto Giussani, Advisory Committee IASB, PricewaterhouseCoopers, ItalyAngelo Casò, Chairman, Technical Scientific Committee, OIC, ItalyAntonio Pulido Alvarez, Member Official Commission for Accounting Standards,

Ministry of Economics, SpainBridget Gandy, Managing Director, Accounting and Research, Fitch Ratings, UKKlaus Pohle, Chairman DRSC, Deutscher Standardisierungstrat, GermanyTatiana Krylova, ISAR-Intergovernmental Group on International Accounting Standards

UNCTAD (United Nations), Russia

ROUNDTABLE BSTOCK EXCHANGESDistinguished representatives and experts of the leading World Exchanges will discuss markets and financial policies. They will help compare exchanges, discuss as to whether an European Exchange will emerge, and make comparative and competitive considerations for the benefit of corporate business.Roundtable led by:Luca Filippa, Director, Research&Development, Italian Stock Exchanges, ItalyParticipants:David Griffith, Senior Managing Director, EMEA, NYSE, UKNelson Carvalho, Economics Professor, Commissioner Brazilian Security

and Exchange Commission, BrazilOlivier Lefebvre, Executive V.P. Euronext N.V., FranceRuben Lee, Oxford Finance Group, UKRudolf Ferscha, CEO, EUREX Frankfurt AG, Germany

12.15-14.15 Lunch

12.15-12.45 Guest Speaker:Vito Gamberale, CEO, Autostrade, Italywill present the development plans of the european integrated highways network.


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PERFORMANCE DRIVERS AND MEASUREMENTS

14.15-15.00 INVESTORS’ EXPECTATIONS A review of the basic communication elements of investors' relations and of how to align organisations around creating shareholder value, moderated by Nelson Carvalho, Economics Professor, Sao Paulo University, BrasilA joint discussion on the market reflections of the values communicated by corporations.James F. Sloane, Global Director, Markets & Services, Deloitte, UKLarry Kay, Investors’ Relations, Capitalia, Italy

15.00-15.45 CFO - AGENT FOR CHANGEThe role of the Finance Function and of the CFO as Value creation drivers in the hyper-competitive infocommunication business.Pietro Guindani, CEO, Vodafone SEMEA, Italy


AFTERNOON THEMATIC CONCURRING SESSIONS - BY REGISTRATION

16.15-17.00 VALUE STABILIZATION

Session 5A - Mastering stormsHow external forces influence M&A activity and valuations.Michael Zaoui, Managing Director, Chairman M&A Europe, Morgan Stanley&Co. Limited, UK

Session 5B - Corporate Finance Decision MakingA review of options such as make or buy, the capital/equity mix, and other determinations affecting ROE, ROI and maximizing values.Franco Carlo Papa, Chairman Ernst & Young FBA, Italy

17.00-17.45 LEVERAGE

Session 6A - Make Strategy WorkA business case of how a company may rise investors’ finance to support projects.Discussion of Opera, an investment fund specialised in luxury brands launched by Bulgari, the world renown jewellist.Francesco Trapani, CEO, Bulgari, Italy

Session 6B - Art Treasures ManagementExpert of the host country, home of the world’s largest art treasuries, discusses how to leverage on this patrimony.An authoritative dissertation on the technicalities on how to successfully finance and run museums and exhibitions.Antonio Paolucci, Superintendent, Polo Museale Fiorentino, past Ministry of Cultural Estates, Italy

17.45 END OF DAY 2

19.00 SOCIAL PROGRAM

19.00-20.00 VISIT OF THE REFECTORY OF OGNISSANTI AND COCKTAILS IN THE CLOISTERExhibition of traditional Florentine Flagwavers, dressed in Renaissance costumes.

20.00 GALA DINNERHonour Guest: Amii Stewart, world's renowned multitalented singer, dancer, actress, choreographer and producer will entertain the audience with her unique vocal qualities.Dress Code: Evening formal, black tie welcome.


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DAY 3 - WEDNESDAY, OCTOBER 13TH 2004

09.00-13.15 RENAISSANCE MORNING

09.00-09.45 EMERGING IN COMPETITIVE MARKETSHow to sustain increasing competition and anticipate customers’ expectations in turbulent markets.Sergio Marchionne, CEO, FIAT Group, Italy

09.45-10.30 SOCIO-ECONOMIC INSIGHTS

Session 7A - EU Enlargement OutlookAn overview of the opportunities deriving from EU enlargement to East.The integration of East-European corporations with emphasis on their finance, accounting and controls practices.TBD, EU Commission

Session 7B - BalancingThe difficult art of balancing business and personal life, as well as business with other values. An enlightening conversation of a distinguished sociologist and academic.Sergio Bernal S.J.,Dean of Social Sciences, Gregorian Pontifical University, host of the Vatican City


11.00-11.45 FINANCIAL MARKETS

Session 8A - Market OpeningsCorporations and financial markets: opportunities to grow and compete.Angelo Tantazzi, Chairman, Borsa Italiana, Italy

Session 8B - Risk ManagementA joint overview of rosk protection requirements and opportunities by prominent experts of the insurance business. Claudio Cappon, Managing Director, CONSAP-Public Insurance Services Concessionary, Italy,will compare worldwide solutions to catastrophic and other unusual risks of collective interest.Irelio Offman, Managing Director&CEO, Marsh, Italy, will discuss of the new governance-induced personal and professional risks.

11.45-12.30 GROWTH FINANCINGCreative bankers' contribution to a competitive push to the italian economic system.Pietro Modiano, CEO, UniCredit Banca d' Impresa, VP UniCredit Group, Italy

12.30-13.15 REVAMPING BRANDSFerrari, buyer of the Maserati famous brand, which went along changing fortunes in the past decades, is heavily committed and investing in its revamping. Listen how this has been financed, what are the assumptions and the expectations. Look at the results so far.TBD, Ferrari-Maserati Group, Italy

13.15-13.30 FAREWELL SPEECHThe ANDAF Chairman and the 2004 Summit Organizing Committee’s Members will thank the participants and adjourn the meeting, after the presentation of the 2005 IAFEI Congress by the Philippines Institute.

13.30 XXXV IAFEI SUMMIT ADJOURNS


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OPTIONAL ACTIVITIES (BY REGISTRATION)

13.30 IAFEI Golf tournament - Max 30 participantsUgolino Golf Club - 9 hole tournament. Clubs and bag included. Maximum handicap 36.

14.30 Maserati Road Test - Max 30 participantsMaserati Coupè, Spyder and Quattroporte available for road test in Florence.

14.30 Maserati Track Test - Max 30 participantsTrack test on the Mugello racetrack, 20 miles off Florence.

14.30 Wine tasting - Max 50 participantsExcursion to Castello da Verrazzano, in the famous Chianti area. Visit of the castle and the wine cellars, including tasting of their own-produced wine and specialties.

GENERAL INFORMATION

KEY DATESJuly 15th 2004 Deadline for early-bird registrationsJuly 31st 2004 Deadline for hotel and optional excursion reservations

Congress VenuePalazzo CorsiniLungarno Corsini - 50123 Florence - ItalyPhone: +39 055 212880 - Fax: +39 055 268394www.palazzocorsini.it

Opening hours of the Registration Desk at the Palazzo CorsiniSunday, October 10th 12.00 - 16.00Monday, October 11th 08.00 - 18.00Tuesday, October 12th 08.00 - 18.00Wednesday, October 13th 08.00 - 13.00

Official LanguageThe official language of the congress will be English. Simultaneous translation will be provided in Italian. An English translation will be also provided for speaches in Italian language.Spanish and Japanese translation may be provided in case of a large number of participants of each language.

LunchesWorking lunches and coffee breaks will be provided at the congress venue.

Official letters of InvitationOfficial letters of invitation for visa purposes will be sent on request. It must be understood that this is a formal procedure and does not entail any financial support.

Passports and VisasParticipants are strongly advised to make their own arrangements for travel documents to enter Italy. The Organizing Secretariat is available to provide any documentation needed.

BadgesEach participant will receive a digital name badge with locator upon registration. Participants are kindly requested to wear their badge during all congress activities and social events.

ExhibitionsOpen from October 11th to October 13th for Strategic Sponsors to present their activity and specific know-how.For further details please contact Newtours.

FacilitiesIBM Internet Café and Vodafone Infocommunication Center

Maserati rangePresented at Summit site during the congress days: Maserati Coupè, Maserati Spyder and MaseratiQuattroporte.


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REGISTRATION

Registration Fees

“Early-bird” Normal fee On Site

By July 15h, 2004 October 10th, 2004Participant 350,00 € 500,00 € 600,00 €Spouse 200,00 € 250,00 € 300,00 €

Participant Fee includes all activities as per programme, including breaks, lunches, Oct 12th - cocktails andgala dinner, Oct 13th - afternoon optional activities as registered.Spouse Fee includes Spouse Programme (fashion show, full day excursion, Oct 12th - cocktails and gala din-ner, Oct 13th - afternoon optional activities as registered). Spouses wanting to attend all or part of Summitprogram are charged with Participant Fee.

Concurring SessionsThere will be several concurring sessions during the event. Kindly remember to sign up for your preferredsessions on the registration form. Each session has a maximum number of available seats and registrants willbe assigned on a first come first served basis. Confirmation of assigned sessions will be sent to participants.

How to registerThe registration can be made by fax or by mail to the Organizing Secretariat Newtours, using the attachedregistration- and hotel booking form. Kindly complete and return the form together with the payment or evi-dence of the bank transfer.The registration can also be made directly on-line, using the electronic registration form on the web sites ofthe Congress: www.andaf.it and www.iafei.org

PLEASE NOTE THAT:◆ Early-bird-fee will be applied only if both registration form and payment (or evidence of the same) have

been received by Newtours before July 15th 2004;◆ Normal fee will be applied only if both registration form and payment (or evidence of the same) have been

received by Newtours before October 9th 2004;◆ On Site fee will be applied on October 10th and afterwards.

Upon receipt of the registration fee, an official confirmation letter and a receipt of payment will be sent tothe participant. Participants requiring invoices are asked to provide full recipient’s name, address andtax/VAT code.

SOCIAL PROGRAMIncluded in the registration fee for participants and spouses.

Sunday, October 10th

16.00 Opening Ceremony and Welcome Cocktail at the Palazzo Vecchio, followed by a guided visit to the Corridoio Vasariano, Uffizi Gallery

Monday, October 11th

19.30 Guided visit to the secret parts of the Duomo Santa Maria del Fiore, followed by an organ concert inside the cathedral.

Tuesday, October 12th

19.00 Visit of the Refectory of Ognissanti and Cocktails in the cloister20.00 Gala Dinner at the Starwood Grand Hotel.

SPOUSE PROGRAMIncluded in the registration fee for spouses. Please confirm your participation on the registration form.

Monday, October 11th

15.00 Private fashion show at the Gucci showroom.Tuesday, October 12th

Full day Excursion to Siena and San Gimignano.Siena, is a medieval town situated on the hillside between the Arbia and Elsa rivers, birthplace of St. Catherine and many famous artists. Visit of the Cathedral and of the Town Hall, with the masterpieces of Italian painting and sculpture, the Church of San Domenico


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and presentation of other fine specimens of Medieval architecture. On the way home stop at San Gimignano, a charming little town perched on a hilltop and preserved almost intact since the Middle Ages with all its famous towers.Lunch in a typical restaurant in Siena.

AFTERNOON OPTIONAL ACTIVITIES - OCTOBER 13TH

Included in the registration fee for participants and spouses.Please sign up for the preferred activity on the registration form.

Each activity will be organized only for a limited number of participants and will therefore be assigned on afirst come first served basis.

13.30 IAFEI Golf tournament - Max 30 participantsUgolino Golf Club - 9 hole tournament. Clubs and bag included. Maximum handicap 36.

14.30 Maserati Road Test - Max 30 participantsMaserati Coupè, Spyder and Quattroporte available for road test in Florence.

14.30 Maserati Track Test - Max 30 participantsTrack test on the Mugello racetrack, 20 miles off Florence.

14.30 Wine tasting - Max 50 participantsExcursion to Castello da Verrazzano, in the famous Chianti area. Visit of the castle and the wine cellars, including tasting of their own-produced wine and specialties.

OPTIONAL EXCURSIONS Only for Spouses - NOT included in the registration fee. The excursions will be organized for a minimum number of 15 participants.

Monday October 11th - A.M.WALKING CITY TOUR: Cost per person 15,00 €

The best way to have a first orientation about Florence, with the visit to some of the most famous

monuments of this unique city, such as the Cathedral Square, with the 11th century Baptistery and its

famous "Doors of Paradise", the Cathedral of Santa Maria del Fiore (il Duomo), with its famous dome

raised by Filippo Brunelleschi, and Giotto’s 14th century bell-tower (il Campanile). And furthermore

the Piazza della Signoria with all its famous statues, which transform it into an open air sculpture

museum, the Old Bridge (Ponte Vecchio), and Santa Croce church, with the tombs of the great Italian

personalities.

Entrance to Santa Croce Church included in the price.

Wednesday October 13th - A.M.FLORENTINE HILLS: Cost per person 30,00 €

There are gently rolling green hills both north and south of the center of Florence, and it’s a pleasant

experience to make a drive to see them from closer and to enjoy at the same time fabulous views of

the city.

On the southern hills Piazzale Michelangelo, which provides an unforgettable panorama of the city,

and San Miniato Church, with its green and white marble facade, are located. On the hills over-loo-

king Florence to the north, the small historical town of Fiesole, of Etruscan origin, with its famous

amphitheater, provides a different and truly exhilarating panorama of Florence, the Arno river valley

and the much loved Tuscan hills. Tour will be by bus.


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PRE- AND POST CONGRESS TOURSNot included in the registration fees.

All tours can be booked as pre-congress tours and post-congress tours:Pre-congress: from October 6th to October 9th

Post-congress: from October 14th to October 17th

The tours will be organized for a minimum number of 15 participants. Deadline for booking and confirmation of tours - July 31st

All tours will depart and return from/to Florence. A detailed programme will be sent to all participants uponconfirmation of the tour after July 31st.

The price, based on a minimum number of 15 participants, includes:

• Deluxe coach at disposal for the whole period;

• Transfer by boat in Venice as indicated in the programme;

• English speaking tour leader for the whole period;

• Entrance tickets for guided visits included in the programme;

• Local English speaking guides for visits included in the programme;

• Overnight stay in hotels;

• Meals as detailed in the programme.

TOUR 1: ROME(Please book 1A for pre-congress tour and 1B for post-congress tour)

Day 1: Departure by deluxe coach from Florence in the morning.Arrival at the hotel and check-in.Lunch in a typical restaurant. In the afternoon an orientation tour by private deluxe coach. The tour willend for dinner in a traditional restaurant in the Piazza Navona area.

Day 2: Breakfast at the hotel. Guided visit to Roman squares and fountains ending with lunch in a typi-cal restaurant, in the Campo de’ Fiori area. In the afternoon - free time at disposal for shopping and strollaround. Dinner in a nice typical restaurant.

Day 3: Breakfast at the hotel. Full day tour to the Castelli Romani - Lunch included.Farewell dinner in a typical restaurant in Trastevere area, the oldest area in Rome

Day 4: Breakfast at the hotel. Departure by DeLuxe coach back to Florence.

Price per person in double room: Euro 985,00Price per person in single room: Euro 1.200,00

TOUR 2: VENICE(Please book 2A for pre-congress tour and 2B for post-congress tour)

Day 1: Departure from Florence to Venice by Deluxe Coach. Upon arrival in Venice, transfer by privateboats or water taxies to the hotel for check-in. Lunch. In the afternoon an orientation tour of the histori-cal centre on foot. Dinner in a typical restaurant:

Day 2: Breakfast at the hotel. A tour by foot, discovering the Unknown Venice. Lunch in a typical restaurant. In the afternoon free time at disposal for shopping and stroll around. Dinnerin a typical restaurant

Day 3: Breakfast at the hotel. Excursion to the Islands of the Lagoon: Murano, Burano and Torcello.Lunch in Torcello. Afternoon Free. Dinner in a typical restaurant.

Day 4: Breakfast at the hotel. Departure by DeLuxe coach back to Florence.

Price per person in double room: Euro 1.140,00Price per person in single room: Euro 1.340,00


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TOUR 3: UNKNOWN TUSCANY(Please book 3A for pre-congress tour and 3B for post-congress tour)

Day 1: Departure from Florence for the Casentino mountains, famous for its ancient medieval fortressesand for its many ancient churches and monasteries. After lunch, visit of La Verna Monastery founded bySan Francesco of Assisi. Continue to San Sepolcro for dinner and overnight.

Day 2: After breakfast, visit of San Sepolcro and of Monterchi. From Piero della Francesca’s birthplaceto Cortona, a very ancient town of Etruscan origin. After lunch, visit of the splendid Churches of SantaMaria delle Grazie al Calcinaio and San Biagio in Montepulciano, two of the purest examples ofRenaissance architecture. Drive to Pienza for dinner and overnight stay.

Day 3: After breakfast, tour of Pienza, which represents the ideal Renaissance city in miniature. Proceedto the Romanesque Abbey of Sant’Antimo, which stands isolated in a typical Tuscan countryside. Stopfor lunch at a wine estate to taste the Brunello di Montalcino, one of the top wines of Italy, with a visitto the wine cellars. Drive along the ancient Cassia Road to reach Pitigliano for dinner and overnight, witha stop on the way at Bagno Vignoni, a famous spa resort already in the Middle Ages and the Renaissance

Day 4: After breakfast and some time to discover the center of Pitigliano, a little town which seems tohave grown spontaneously out of the rocks on which it was built, departure to reach the Maremma coast-line for lunch in a typical restaurant. Transfer back to Florence and end of tour.

Price per person in double room: Euro 715,00Price per person in single room: Euro 785,00


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HOTEL ACCOMMODATIONS

Deadline for hotel reservations: July 31st 2004After this date full availibility can not be guaranteed.

• Newtours has reserved rooms in 5, 4 and 3 star hotels, all located on walking distance from thecongress venue.

• Please complete and return to Newtours the enclosed Hotel Accommodation Form specifying hotelcategory and type of room desired (double or double for single use) as well as the arrival and thedeparture dates.

• Newtours will send a confirmation letter that should be presented to the reception desk at the hotelupon check-in.

• To guarantee the hotel reservation Newtours requires the deposit of the first night’s lodging, toge-ther with € 15,00 as agency fees,. The difference of your stay will be settled directly in the hotelupon departure.

• Should participants fail to arrive, the hotel will be free to use the rooms from 12 noon on the nextday, unless otherwise notified by the participant. In such case the first night’s deposit will not berefunded.

• Hotel reservation forms without the first-night deposit will not be considered.

List of available hotels:

Double Double single use5 star category

Grand Hotel € 490,00 € 450,00 www.starwooditaly.comPiazza Ognissanti, 1

The Westin Hotel Excelsior € 490,00 € 450,00 www.starwooditaly.comPiazza Ognissanti, 3

Hotel Villa Medici € 350,00 € 320,00 www.sinahotels.comVia Il Prato, 42

4 star category

Hotel Albani € 280,00 € 260,00 www.hotelalbani.itVia Fiume, 12

Grand Hotel Minerva € 270,00 € 245,00 www.grandhotelminerva.comPiazza S.M. Novella, 16

Boscolo Hotel Astoria € 268,00 € 258,00 www.astoria.boscolohotels.comVia del Giglio, 9

Grand Hotel Baglioni € 250,00 € 220,00 www.hotelbaglioni.itPiazza Unità Italiana, 6

Starhotel Michelangelo € 250,00 € 220,00 www.starhotels.comViale Flli Rosselli, 2

Una Hotel Vittoria € 250,00 € 220,00 www.unahotels.itVia Pisana, 59

3 star category

Grand Hotel Cavour € 200,00 € 180,00 www.albergocavour.itVia del Proconsolo, 3

The indicated rates, in Euro, are valid for the period of the Congress and include one overnight stay, buffetbreakfast, taxes, V.A.T.


15

METHOD OF PAYMENT

Registration fees, hotel deposits and tours should be paid in Euro in favour of Newtours S.p.A as follows:

◆ Bank transfer

Banca Intesa / BCI Div. Cariplo

Viale Gramsci 39/41, Firenze

Account nr: 000000078158

ABI: 3069 - CAB 2820 - CIN Y

SWIFT: BCITIT33457

IBAN: IT30 Y030 6902 8200 0000 0078 158

A duplicate or a copy of the transfer order issued by the bank must be attached to the registration form and mailed to

Newtours, or its scanning may be e-mailed. The sender’s full name and address should be clearly indicated on the trans-

fer order, as well as payment details

◆ Credit cards (American Express, Diners Club, Eurocard, Master Card, Visa accepted). Credit cards will

also be accepted on site for on-site payments (fees, tours, etc…)

CANCELLATIONS AND REFUNDS POLICYCancellations will only be accepted when confirmed in writing and sent to Newtours S.p.A.

REGISTRATION FEES

Within August 15th 2004: 80% of the fee will be refunded

Within September 15th 2004: 50% of the fee will be refunded

After September 15th 2004: no refund.

HOTEL RESERVATIONS AND TOURS

Within July 31st 2004: deposit and tour costs will be refunded in full

After July 31st 2004: no refund.

Agency fee will not be refunded.


16

TRAVEL INFORMATION

HOW TO REACH FLORENCE

By AirPisa Galileo Galilei airport and Florence Amerigo Vespucci airports are served by several international airlines.

Florence airport is only 4 km from the city centre. Bus and taxi are available between the airport and down-

town Florence. A taxi ride from the airport to the city centre costs about Euro 20,00.

Pisa airport is about 90 Km far from Florence, and a shuttle train operates every hour between the airport and

the main railway station in Florence. The trip lasts approximately 1 hour.

By trainEurostar trains connect Florence with Milan (approximately 2h. and 45 min.) and Rome (approximately 2h.).

The main railway station in Florence is Santa Maria Novella and it is located at walking distance from the

Palazzo Corsini.

By CarThe A1 (Autostrada del Sole) is the main motorway linking Florence to both northern and southern Italy. The

A11 leads west to the coast and then to Genoa and the French border: both are toll motorways. The use of seat

belts and low-beam lights are compulsory. All road distances and speed limits are indicated in kilometres.

City TransportationThe historical area of Florence is relatively compact, and all major sites are within walking distance from the

city centre. Florence has a fairly comprehensive network of local bus routes, and many have a stop at the

main railway station. Bus tickets may be purchased at most coffee-bars and tobacconists. Two bus compa-

nies serving several cities around Florence have their terminal next to the main railway station.

INSTITUTIONAL SPONSORS

We are delighted to recognize our Institutional Sponsors and express them our gratitude for their

technical and financial support to the definition of the XXXV IAFEI World Congress

EXHIBITIONS

Sponsors’ Exhibition BoothsMaserati Coupé, Spyder and Quattroporte in permanent exhibition

FACILITIES

IBM Internet CaféVodafone Infocommunication Center

STRATEGIC SPONSORS

The Strategic Sponsors of the XXXV IAFEI World Congress have substantially contributed to the

development of this Financial Executives Summit since the early planning stage and design,

providing significant insight useful to the definition of such a prestigious agenda and providing

references and relations with contributing companies and their top representatives.

The Organizing Committee wishes to thank each of our Strategic Sponsors for having made this

Summit possible with their dedication of time, talent and finance.

We also extend them our gratitude for having granted the presence of their most qualified

representatives as speakers.

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IAFEI PROG2004 3.modif 20/09 · Robert Koren, VP, Area Manager, Starwood Hotels & Resorts Italy &...

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