MFM Committee Members Have More Fun and
Get More from their MFM Membership
Committees and committee members are integral to MFM’s success because they ensure the association is focused on the interests of MFM members. Defined by subject area or media business type, committees provide members with a smaller setting in which to meet and discuss industry issues. Current MFM committees include: Accounting Standards; BCCA; Cable, Human Resources; Interactive & Digital Media; Membership and Marketing; Newspaper; Radio; Tax Advisory; Television, and the Financial Manager Editorial committee.
Beginning in September and ending in about April, committees meet monthly by phone. Calls last 30-45 minutes, with total amount of time based topics the committee has chosen to discuss. Each committee has a committee chair who is typically a member of the MFM Board. Some committees have co-chairs. The committee chair (and when available, the co-chair) work with committee members to determine areas of interest and set the agenda for the committee meetings. A staff liaison handles the administrative work for each session, sending meeting notifications and preparing summary notes after each call.
Selected committee calls include guest speakers who share their expertise on a topic of the committee’s choosing. Guest speakers often end up being panelists at the annual conference. Subjects covered by experts on recent committee calls have included: reducing credit card processing costs; cord cutting; independent contractor issues and employee reclassification; a discussion of the FASB exposure draft on revenue recognition; paywalls; monetizing the transition to a digital world; lease accounting and FASB standards; and changes to market revenue reports.
One of the keys to the success of MFM’s annual Media Finance Focus conference is its system of committees. Committee members suggest topics for the conference as well as selecting coordinators and/or moderators for the sessions.