Derek Wong

DEREK WONG, DTM

Candidate's Office: Region 13 International Director

Region Number: 13

Toastmasters member since: 2007

Education: Bachelor of Arts, Carleton University, Ottawa; MBA, The Polytechnic University, Hong Kong, China

Employer and/or position: United Asia Financial Consultancy (Shenzhen) Limited, CFO

Served as district governor of district number: 89

Term of service: 2015-2016

In term as district governor, district achieved: President's Distinguished

Website: http://www.derekwong4id.com/

Toastmasters offices held and terms of service (international and regional level):

  • 2015-2016 District 89 Director

Toastmasters honors and recognition (international level):

  • 2015-2016 President's Extention Award
  • 2015-2016 President's Distinguished District

Relevant work experience and how it relates to Toastmasters and your role as a Board member:

As Chief Financial Officer (CFO) for a multi-cultural (America, China, Malaysia, Japan and the UK) corporation, and tasked with managing USD1 billion in investments, I am responsible for formulating and implementing strategic marketing and business expansion plans. I also focus on maintaining our leading position within the industry, as well as continuous growth. As CFO, I am in charge of financial control, liaising with government, and training talent that enables success of the corporation. If nominated and elected, I will bring these strategic, management, and multi-cultural working experiences to the Toastmasters International Board to help us to achieve the Toastmasters’ mission.

What experience do you have in strategic planning?

My strategic planning experience includes: § identifying business opportunities § conducting sensitive analyses, analyzing Strengths-Weaknesses-Opportunities-Threats (SWOT) § forecasting financial / business models § identifying and implementing critical success factors § protecting and managing our brand § pricing strategy § overseeing risk management control § developing our human resources

What experience do you have in the area of finance?

As a Certified Public Accountant for over 22 years, I have a wide-range of professional experience, which includes financial management, cash management, forecasting, budget control/analysis, auditing, compliance, data mining, and Business Intelligent application. I lead a team of 100 professionals to ensure our multi-cultural corporation always meets the financial targets every year.

What experience do you have in developing policies?

Being a member of the executive management team for 8 years, development of policies, implementation and review are my duties. In developing policies, we analyze the market carefully, study the potential impact broadly, and communicate closely with all interested parties before implementation. We ensure all active policies must reflect the current market situation and directly relate to the short and long term goals. We also conduct post implementation reviews. We listen, follow up and fine tune the policies in order to reflect the latest market needs.

What lessons did you learn from previous leadership positions?

Three important lessons I have learned from previous leadership positions both in the workplace and as a volunteer leader are: 1) That human relationship management is crucial to an organization’s well-being: I realize that developing and sustaining “people relationship” is an essential key to success and that good relationships are built through honesty, attentive listening and empathy. 2) That leadership is situational and a good leader has to know how to lead in different types of situations: Situational leadership allows me to apply different leadership styles towards different types of followers so that I can direct, mentor and coach them effectively to achieve successful results. 3) That good leaders know how to embrace a powerful team. I have found that a team is powerful and productive when each team member is contributing and the responsibilities and the honors are shared among team members.

What experience and key strengths would you bring to the Board of Directors?

My keys strengths are strategic market development, financial management and policy making. I have a track record for achieving positive results in market development and developing business processes. I have hands on experience in financial management and obtaining operational and financial data through business intelligence capabilities for market development. I am also involved in marketing and promotion plans and have experience working with Board Members of diversified cultural and professional backgrounds.

Why do you want to serve as an international officer/director?

I want to offer my 22 years of financial, strategic management and people management experience to serve Toastmasters International; to share my passion for the organization by working with leaders from all over the world, and to bring the benefits of Toastmasters to members new and experienced.

What volunteer experience do you have outside of Toastmasters?

I have been a Master Facilitator at the Hong Kong Institute of Certified Public Accountants where I’ve been mentoring prospective CPAs since 2000. This role requires me to train the young talent leadership and communication skills and to coach them to become respectful and excellent professionals. I was also a Board member of Friends of Scouting 2011-2012.

Have you worked with other Boards of Directors outside of Toastmasters?

I have been working with my company’s Board members for 8 years. I prepare timely and reliable financial analyses for the board’s meetings. During my services at Friends of Scouting Board, we developed social activity year plans and financial strategies to serve the scouts throughout the country.

In your opinion, what are Toastmasters International’s major objectives and how would you work to achieve them?

In the Strategic Plan 2015, there are three areas of focus, Club Excellence, Member achievement and Awareness, Engagement and Participation; and five critical factors, Global Business and Economics Factors, Social Values and Demographics, Technology and Science, Legislation and Regulation and Professional Competition and Structure. As an International Director, I will work diligently with the Board to achieve its mission.

Additional information about candidate:

I am a disciplined, hard-working and committed leader. TI’s core values, Integrity, Respect, Service and Excellence, have a huge and positive impact on my ways of thinking and being. Because I am values-based, I can perform most fairly, professionally and outstandingly.