Business executives worldwide are changing their compliance processes in response to evolving legislation and regulation. As a result, CFOs are extending their reach beyond the finance function.
Feeling increasingly exposed to unpredictable events, companies worldwide updated their risk management strategy in 2011, a new survey finds. The changes frequently aim to challenge conventional thinking.
All of the Foreign Corrupt Practices Act enforcement actions brought last year by the Department of Justice and the SEC involved alleged bribes by companies’ third-party business partners, Deloitte researchers found. Nonetheless, a poll shows that corporate due diligence and risk assessments on third-party business partners remain low.
Low interest rates and large cash reserves will prompt more companies to go through with mergers and acquisitions this year. The deals are expected to expand companies’ geographical reach.
Corporate governance is in the spotlight as never before, but most boards are not as effective as they should be. A new CGMA report offers recommendations and tools to help improve board performance.
The US-Korea Free Trade Agreement, which will take effect Thursday, is among the most significant trade agreements for the US in nearly 20 years. US automakers and farmers and South Korean LED lighting, car parts and textile manufacturers are among those expected to benefit from the duty-free exchange of goods.
CFO optimism remains low worldwide, dampening expectations for 2012 in many countries. CFOs in Europe and the Middle East feel the most pessimistic as they brace for fallout from sovereign debt troubles in the euro zone, social upheaval in the Middle East and dwindling global demand, surveys showed. CFOs in the US, meanwhile, expect some revenue growth.
Good risk management goes beyond keeping the company out of trouble, a new study on risk investment levels suggests. Companies that did it best reported three times EBITDA than those that just did basic risk management.
Increasing competition and slowing growth can turn emerging economies such as China, India and Brazil into risky business environments, according to a new Ernst & Young report on globalisation.
A survey of North American corporate financial professionals pinpointed financial risks as the primary driver of earnings uncertainty. Regulatory changes, natural catastrophes and the ups and downs of the economy were also troubling.
The rapid proliferation of smartphones and tablet computers is exposing corporate networks and information to unprecedented risk, and organisations worldwide should expedite efforts to shore up their cybersecurity systems.
A year after moving from London to New York, Gillian Tett, US managing editor of the Financial Times, contrasts the two financial centres’ responses to the global downturn – and prospects for the future.
In this snapshot of the CGMA report “Fraud risk management: A guide to good practice”, Gillian Lees, CIMA’s head of corporate governance, highlights how properly responding to fraud can make or break an organisation’s recovery from an incident.
The fragile world economy, which has been staggered by the European debt crisis, has global banking executives reporting greater anxiety than at any time measured during the past 14 years, a new survey shows.
Corporate failure is normally a reflection of deep-seated corporate shortcomings, according to a report by the Cass Business School in London and published by Airmic, the risk management association. Paul Hopkin, Airmic’s technical director, discusses the implications.
Enviable growth and compelling demographics make Colombia, Indonesia, Vietnam, Egypt, Turkey and South Africa, together known as the CIVETS nations, markets to be reckoned with.
Many planned deals in growth markets fail to materialise, and those that do happen are often more costly than expected, according to research by PricewaterhouseCoopers. In examining 200 deals, PwC identified a number of common problems. Accountancy Live, January 19th 2012
A new study finds that a coalition of nations in west and central Africa has accelerated the pace of business reform, making it easier for entrepreneurs to operate there.
A panel of executives meeting in the finance capitals of New York City and London discussed new research on the importance of the human dimension and non-financial value in long-term business strategies.
Deals in growth markets are a high-risk, high-reward enterprise best managed by building the local machinery to get the deal done, according to a new PricewaterhouseCoopers report.
