June 12, 2013: Columbia, Maryland‚ÄĒThe National Association of Credit Management (NACM) honored Val Venable, CCE of Houston, Texas (Meyer Park/Willowdrome area) with the 2013 Alice M.H. McGregor Award during its 117th Annual Credit Congress and Exposition, held in Las Vegas, Nevada, May 19-22, 2013. NACM‚Äôs highest honor is the Alice McGregor Achievement Award, which memorializes one of NACM‚Äôs great leaders. This prestigious award recognizes creative approaches and consistent high performance that benefit the recipient‚Äôs company, affiliate, the national organization and the business credit profession. The award acknowledges exceptional achievement and an outstanding record of contributions to the profession. Award recipients serve as role models, set standards for others and apply their professional expertise outside of their companies. NACM was proud to present this award to Venable, who is the director of credit for Ascend Performance Materials, manufacturers of polyamide raw white and solution dyed fibers and filaments for textile and carpet yarn applications in Houston.
Venable has decades of service and accomplishments with NACM. Most recently, she testified at a May 21 hearing of the American Bankruptcy Institute‚Äôs Commission to Study the Reform of Chapter 11 held at NACM‚Äôs Credit Congress. Venable was one of three panelists that spoke about the problems that unsecured creditors have in dealing with the Bankruptcy Code‚Äôs Section 547 preference provisions.
‚ÄúThe tremendous amount of expense involved in pursuing and fighting preference actions is doing too much to drain the already deficient pot that exists in bankruptcy,‚ÄĚ said Venable during the hearing. ‚ÄúThe preferences statute should be changed so that the pursuer of preference recoveries should first prove that the payments were not in the ordinary course of business and that new value was not given by the creditor.‚ÄĚ
Venable‚Äôs past contributions also include service on the NACM National Board of Directors for eight years, serving as chairman in 2001-2002. Additionally, she has served on and chaired many national committees, and has been a presenter and panelist for several NACM Credit Congress sessions, as well as regional conferences and industry day forums. She currently serves as a board member with her local affiliate, NACM Gulf States in Houston.
Venable holds an undergraduate degree and has earned the Six Sigma Vendor Black Belt and Six Sigma Green Belt. She holds a certificate as a Certified Expert Witness and has also completed NACM‚Äôs Graduate School of Credit and Financial Management (GSCFM). She has been an expert on bankruptcy and bankruptcy reform for the NACM Government Affairs Committee for the past decade and has testified before the U.S. Congressional committee on behalf of NACM. She has also co-chaired an American Bankruptcy Institute (ABI) committee on NACM‚Äôs behalf, as well as served on many creditors‚Äô committees on behalf of her employers. With over 25 years‚Äô experience as a credit manager, Venable has worked in the aerospace, steel and metal, and marine industries, both domestic and international.
"Val believes in the credit profession and in NACM," said NACM President Robin Schauseil, CAE. "Her commitment is unwavering. Whenever called with a favor, she just says yes, before she even knows what the request is."
The National Association of Credit Management warmly congratulates Val Venable on being honored as the 2013 Alice M.H. McGregor Award recipient.
About the National Association of Credit Management
NACM, headquartered in Columbia, Maryland, supports more than 15,000 business credit and financial professionals worldwide with premier industry services, tools and information. NACM and its network of affiliated associations are the leading resource for credit and financial management information and education, delivering products and services, which improve the management of business credit and accounts receivable. NACM‚Äôs collective voice has influenced legislative results concerning commercial business and trade credit to our nation‚Äôs policy makers for more than 100 years, and continues to play an active part in legislative issues pertaining to business credit and corporate bankruptcy. Its annual Credit Congress is the largest gathering of credit professionals in the world.
About the NACM-National Honors and Awards Committee
The NACM-National Honors and Awards Committee bases its awards on a scoring system that rates nominees in nearly 50 areas of professional life, including their participation in NACM activities on the local and national levels, service on local and national industry credit groups, educational attainment in the credit field, continuing education participation, professional accomplishments and dedication to the profession.
NACM has a wealth of member experts in the fields of business-to-business credit and law. Consider using NACM as a resource in the development of your next credit or finance story.
NACM-National Contact: Caroline Zimmerman, 410-740-5560
Source: National Association of Credit Management