Thu.Apr 13, 2023

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Harley-Davidson CFO to take Hasbro’s helm

CFO Dive

Gina Goetter will transition from motorcycles to Monopoly as she takes on a new CFO role at Hasbro. The toy company is set to cut 15% of its workforce this year.

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Nudging Investors into Better 401k Behavior

Barry Ritholtz

Some encouraging news about people saving for retirement: A study by Vanguard Group found that “Automatic enrollment and the rise of target-date funds” are having a substantial and positive impact on retirement savers, in particular, on Millennials and Generation Z investors. They have seen a significant uptick in overall participation rate, which has increased from 62% in 2006 to 82% in 2021.

Planning 111
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Trending Sources

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CFOs need public/private funding mix to bridge ESG financing gaps

CFO Dive

Finance leaders need access to multiple types of capital to finance their companies’ environmental, social, and governance goals, Ana Carolina Oliveira writes.

Finance 259
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Book Review: A History of Financial Technology and Regulation

CFA Institute

Seth C. Oranburg highlights recent changes to the world of finance by exploring the role of technology within it.

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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Cost-wary CFOs to cull tech spending

CFO Dive

As CFOs deal with a muddled economic outlook, they are keeping their eye on technology, vendor and headcount costs.

Economics 252

More Trending

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U.S. Bank names new CFO in C-suite shuffle

CFO Dive

The bank's current CFO, Terry Dolan, will become vice chair and chief administrative officer. Gunjan Kedia, the bank's wealth-management chief, will oversee corporate and commercial banking.

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Lalit Malik steps down as Torrent Power CFO, board appoints Saurabh Mashruwala as replacement

CFO News

The board has approved the appointment of Saurabh Mashruwala as the next CFO of the company effective April 14, 2023. The incumbent Malik possesses an experience of over 32 years with companies like Procter & Gamble, The Gillette Company, and Philips India.

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Rent the Runway names new CFO as it slogs toward profitability

CFO Dive

The apparel rental service narrowed its losses in Q4, with revenue and active subscribers up from last year.

CFO 130
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RenewBuy CFO quits ahead of a crucial $75 mn fundraise

CFO News

The company says Gautam Bansal’s exit will not make any impact on the fund closure.

CFO 98
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Brace for Impact. Unpredictable Tariff Disruptions Are Here––Your Playbook

Tariffs will have a major impact on your supply chain, margins, and operations. Drawing on our work with global companies across manufacturing, automotive, pharmaceuticals, semiconductors, software, technology, financial services, and a range of service industries, we outline the key strategic and tactical actions companies are taking to navigate this period of heightened uncertainty.

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Lindelani Gumbo on the importance of grit and mentorship

CFO Talks

Written by Staff Writer Success didn’t just fall into Lindelani Gumbo’s lap. The regulatory accountant didn’t pass her board exams or CTA on the first attempt. She admits, “I was never the smartest person in school.” However, setbacks have not held Gumbo, assistant vice president at Citibank South Africa, back. Success requires grit “I guess, sometimes it’s not always about aptitude, but rather having the right attitude,” Lindelani Gumbo tells the CFOClub podcast.

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Audit watchdog NFRA debars Coffee Day Global statutory auditors for professional misconduct

CFO News

NFRA's investigations revealed that the Coffee Day Global Auditors for the FY 2018-19 failed to meet the relevant requirements of the Standards on Auditing and provisions of the Companies Act 2013 and also demonstrated a serious lack of competence.

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The glass ceiling for women CFOs remains. Here are three solutions

CFO Talks

Written by Staff Writer Despite minor improvements, only 22 percent of CFOs in JSE-listed companies are women. Those who make it to the top pay quartile of large companies receive almost half the salary of their male counterparts. What can companies do to ford the divide? Female representation among the JSE executive population in 2022 has improved from 13 percent to 15 percent compared to a year ago, according to PwC’s Executive Directors Report for 2022.

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Clips From Today’s Halftime Report

The Reformed Broker

Final Trades: Biotech, Defense, Thermo Fisher & more from CNBC. The post Clips From Today’s Halftime Report appeared first on The Reformed Broker.

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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Ensuring Success in Uncertain Times

VCFO

With the current uncertainty in the market, have you taken steps to prepare for various contingencies? Are you confident in your plan? The following articles from our consulting team may be helpful to you as you review your own checklist: How to Fight Inflation: 14 Tips for Business Owners Inflation remains high despite the best efforts of the Federal Reserve.

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FirstCry plans secondary offer to sovereign funds at $3 billion valuation

CFO News

Initial talks on for around $100m transaction; SoftBank to sell small stake.

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Addressing employee stress key to comprehensive benefits strategy 

Future CFO

Addressing employee stress is critical when it comes to talent attraction and retention, said Mercer Marsh Benefits recently when releasing its 2023 Health on Demand Report. The report is based on a survey of more than 17,500 employees in 16 markets across the globe during October-November 2022 about their priorities when it comes to health and wellbeing, the firm noted.

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Over 71 per cent workers worried about potential layoffs due to market inflation: Report

CFO News

According to a report by HR solutions provider Genius Consultants, 30 per cent of the respondents said that cost-cutting is the reason behind the layoffs, and 23 per cent blamed the mass economic downfall as being the reason.

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Travel and Expense Policy Success: Your Essential Checklist

Setting the stage for successful organizational change always begins with clear, thoughtful communication. When it comes to rolling out a new travel and expense (T&E) policy, establishing a well-structured communication plan is key to ensuring that all employees understand the changes and their impact. By following a step-by-step approach, you can guide your organization through the transition, fostering smooth adoption from the outset and improving compliance.

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Ready to Make the Most out of Record-Setting Private Equity Growth? 

E78 Partners

Despite a more challenging macro environment, private equity (PE) is set to reach new heights in the next decade as companies stay private longer and institutional investors increase allocations to alternative assets like PE in search of higher returns. Are you prepared for this secular trend? Key Takeaways Private capital markets faced headwinds in 2022, but a boom is predicted due to more companies staying private longer, institutional investors increasing allocations to private equity, and a

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Exports, trade gap hit record high in FY23

CFO News

India's merchandise exports reached $447bn in 2022-23, a rise of 6%, driven by outbound shipments of petroleum, pharma, chemicals and marine goods. Its imports grew 16.5% to $714bn in FY23, leading to a trade deficit recording in goods of $266.78bn. However, the overall trade deficit was $122bn in FY23 due to a trade surplus in services. The estimated growth of services exports, at around 27%, surpassed that of goods at 6.03%.

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7 Keys to Nonprofit Financial Management

The Charity CFO

Nonprofit financial management is one of the primary concerns for organizations. Nonprofits are special types of organizations, in both their structure and their purpose. They live in the hearts of many as symbols of good in the world. This meaning is the driving force behind what nonprofit organizations do day in and day out. However, in the midst of all the support for nonprofits, it may be lost that nonprofits are still organizations that need to be run.

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NTPC plans IPO for green energy arm

CFO News

India's largest power producer, NTPC, plans to raise funds via an initial public offering (IPO) for NTPC Green Energy Ltd (NGEL) in the current fiscal year. This comes after Malaysia's Petronas withdrew its bid for a 20% stake in the green energy unit, valued at around INR60bn ($806m). NGEL is critical to drive NTPC’s ambitious clean energy programme, which aims to have 60 GW of renewables capacity by 2032 on a standalone basis and 130 GW on consolidated levels.

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How Emotionally Intelligent Leaders Drive Business Results

Employees who feel listened to show a 64% longer commitment to tasks (Forbes). And that’s just for starters. Learn how emotionally intelligent leaders drive business results. Download Paycor’s guide for the full story.

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6 Ways to Make a Difference in the World

Financial Analyst Insider

There are many reasons you might want to make a difference in the world. Giving back can be both a benefit to you and the The post 6 Ways to Make a Difference in the World appeared first on Financial Analyst Insider.

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Commission caps gone, insurers to face more competition

CFO News

The Indian insurance regulator's decision to abolish commission caps has led to increased competition among insurers to attract market share, particularly unlisted players who are offering higher commissions to bank. While it is hoped that there will be more transparency in payouts to distributors, it is unclear whether insurers will alter payouts significantly in pursuit of rapid growth or stick to profitability.

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PodChats for FutureCFO: Managing capital in times of persistent instability

Future CFO

The three years since 2020 saw organisations focus on digitalisation, payment efficiency, security, and cash forecasting. With continuing uncertainty in 2023, how are CFOs and treasurers calibrating their strategies in the years ahead to reflect desires for growth and profitability, a return to business as usual in the face of unpredictability and market volatility?

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Rs 2,250 crore tax evasion concern: DGGI sends show cause notices to HDFC Bank, Go Digit, Policybazaar

CFO News

The Directorate General of GST Intelligence has served show cause notices to insurance intermediaries, including HDFC Bank, Go Digit Insurance, and Policybazaar, among others, for issuing fake invoices to claim input tax credit without providing any service. The investigation, initiated in 2022, has revealed an evasion of INR2,250 crore so far, with crackdowns on invoices raised from 2018 to March 2022.

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Acterys: Revolutionizing CIO & CFO Decision-Making

Welcome to the Future of Technology for CIOs & CFOs! Ever stood on the precipice of a technological revolution, feeling the energy of change? Ever been captivated by the whispers of a software that's not just innovative but genuinely groundbreaking? Acterys unveils a groundbreaking technology tailored for CIOs and CFOs. This state-of-the-art solution streamlines data integration, analytics, and forecasting, empowering leaders to make informed decisions quickly.