The Badminton World Federation (BWF) recently held its 83rd Annual General Meeting (AGM) in a historic first hybrid format. Attended by 132 Member Associations, the AGM took place both in person in Bangkok, Thailand, and virtually.
During the meeting, the BWF discussed and voted on several proposals with the aim of maintaining high governance standards. BWF President Poul-Erik Høyer expressed his appreciation for the badminton community’s unwavering commitment to the sport over the past few years.
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Høyer stated, “The decisions made during the AGM and the discussions in the Members’ Forum demonstrate that the badminton community is fully engaged in the best interests of the sport. It shows that we have not backed down from the challenges posed by COVID-19.” He further added, “Over the past 18 months, we have made significant progress in optimizing exposure for the sport and supporting the livelihoods of players and industry participants as we emerge from the pandemic.”
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The BWF also presented its Audited Financial Statements, which revealed a budget surplus of US$19.71 million for 2021. This surpassed the budgeted deficit and showcased the organization’s ability to adapt and generate revenue despite the challenging circumstances. BWF Secretary General Thomas Lund highlighted the major successes that contributed to the positive financial result.
Lund noted, “I am pleased to report that the BWF has achieved a more stable financial situation compared to a year ago. Our strong revenue generation through major tournaments, coupled with conservative budgeting, has allowed us to recover our financial position.” He further stated that the BWF Council continues to monitor the COVID-19 situation for prudent financial planning and explores opportunities to invest in the sport’s future development.
In addition to the financial updates, the Membership voted on a Council proposal to appoint Torsten Berg from Denmark and Dato’ Wira Lim Teong Kiat of Malaysia as new BWF Honorary Life Vice Presidents. President Høyer acknowledged their significant contributions to the sport and expressed his gratitude for their dedication.
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The next BWF AGM is scheduled to take place in Suzhou, China, in May 2023, coinciding with the TotalEnergies BWF Sudirman Cup Finals 2023.
FAQs
Q: What was the format of the 83rd BWF Annual General Meeting?
A: The 83rd BWF Annual General Meeting was conducted in a hybrid format, allowing 132 Member Associations to participate either in person in Bangkok, Thailand, or virtually.
Q: What proposals were discussed and voted upon during the AGM?
A: The Membership voted on several proposals aimed at maintaining high governance standards within the BWF.
Q: How did the BWF address the challenges posed by COVID-19?
A: The BWF expressed its appreciation for the badminton community’s commitment to the sport despite the challenges posed by the pandemic. The organization highlighted its efforts to optimize exposure for the sport and support the livelihoods of players and industry participants during these difficult times.
Q: What were the financial results presented during the AGM?
A: The BWF presented its Audited Financial Statements, revealing a budget surplus of US$19.71 million for 2021, surpassing the budgeted deficit. This positive outcome was attributed to strong revenue generation through major tournaments and conservative budgeting.
Q: Who were appointed as new BWF Honorary Life Vice Presidents?
A: Torsten Berg from Denmark and Dato’ Wira Lim Teong Kiat of Malaysia were appointed as new BWF Honorary Life Vice Presidents in recognition of their significant contributions to the sport.
Summary
The Badminton World Federation (BWF) recently held its 83rd Annual General Meeting (AGM) in a historic first hybrid format. The AGM saw 132 Member Associations participate, either in person or virtually. The BWF discussed and voted on proposals to maintain high governance standards within the organization. President Poul-Erik Høyer acknowledged the dedication of the badminton community and expressed gratitude for their commitment during the challenging times caused by COVID-19. The Audited Financial Statements revealed a budget surplus of US$19.71 million for 2021, exceeding expectations. The BWF remains committed to prudent financial planning and investing in the future development of the sport. Torsten Berg and Dato’ Wira Lim Teong Kiat were appointed as new BWF Honorary Life Vice Presidents, recognizing their significant contributions. The next BWF AGM is scheduled to take place in Suzhou, China, in May 2023, coinciding with the TotalEnergies BWF Sudirman Cup Finals 2023.
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