Risk Management: Page 9
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28% of big companies have no formal CFO succession plan, finance chiefs say
The dearth of succession plans for departing finance chiefs comes as CFO turnover at public companies has soared this year.
By Maura Webber Sadovi • June 14, 2024 -
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Microsoft president promises significant culture changes geared towards security
Brad Smith detailed plans to tie compensation to security, as lawmakers raised new questions about the company’s commitment to transparency.
By David Jones • June 14, 2024 -
Explore the Trendline➔
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TrendlineCompensation: solving the cost-talent puzzle
In today’s strong labor market, CFOs leery of raising wages find creative ways to find and retain key employees.
By CFO Dive staff -
CFO Editorial Staff
Tyson Foods CFO suspended after arrest for intoxicated driving
This is the second alcohol-related incident for John R. Tyson since he took the executive role less than two years ago.
By Nathan Owens • June 13, 2024 -
Courtesy of FASB
FASB’s environmental credit rules recall crypto debate
Like crypto rules FASB recently finalized, the environmental credit accounting standards would provide specific guidance where GAAP is currently silent.
By Maura Webber Sadovi • June 13, 2024 -
Courtesy of PCAOB
PCAOB Chair Erica Williams gets second term
The board has pursued an aggressive agenda under Williams, with record fines against accounting firms.
By Alexei Alexis • June 12, 2024 -
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Wells, PNC CFOs see office spaces leading CRE stress
“Older office buildings that are not renovated in certain areas of different cities are the places that you’re seeing the most stress,” Wells Fargo CFO Mike Santomassimo said Tuesday.
By Caitlin Mullen • June 12, 2024 -
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Small business uncertainty rises as Fed mulls ‘higher-for-longer’ rates
Fed officials in a meeting Wednesday will likely downgrade from three to two their median projection for the number of quarter-point cuts in the federal funds rate this year, according to futures traders and economists.
By Jim Tyson • June 11, 2024 -
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How CFOs can tap a holistic strategy to cut through indirect tax noise
Taking a platform-based approach can help CFOs get a clearer handle on the data they need to comply with disparate indirect tax requirements.
By Grace Noto • June 11, 2024 -
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Few companies report solid EBIT gains from rush into GenAI: McKinsey
Seven out of 10 companies that use generative AI most effectively said they faced challenges in governing and integrating data, McKinsey said.
By Jim Tyson • June 10, 2024 -
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Quiet vacationing: What’s this summer work trend?
The workers who are afraid of taking PTO have come up with a complicated solution to their anxieties.
By Caroline Colvin • June 7, 2024 -
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Heed Corporate Transparency Act despite legal cloud, experts say
Passed in 2021, the law was designed to prevent bad actors from using legal entities to shield money laundering and other illicit activity.
By Chris Gaetano • June 7, 2024 -
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Sierra Club, NRDC drop legal challenges to SEC climate rule
The two environmental groups have decided to focus resources elsewhere to improve climate-related financial disclosures.
By Lamar Johnson • June 6, 2024 -
Courtesy of Pat Dorsman for FAF
FASB seeks comment on narrow hedge accounting fix
Despite a unanimous vote, some board members expressed concern the proposed improvements to GAAP hedging guidance do not go far enough.
By Maura Webber Sadovi • June 5, 2024 -
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Cyberattacks pose mounting risks to creditworthiness: Moody’s
“As more data becomes available — thanks to recently adopted disclosure requirements — attacks continue to proliferate,” a Moody’s executive said.
By Jim Tyson • June 5, 2024 -
Courtesy of Consortium of Cybersecurity Clinics
Few CFOs control cybersecurity budgets. Here’s why more should.
Tech executives, not CFOs, most often call the shots on cybersecurity spending at middle market companies, according to a recent RSM US survey.
By Maura Webber Sadovi • June 4, 2024 -
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Forecasts for Fed rate cuts probably too optimistic, Summers says
“I don’t think we’re on a convincing trajectory to the 2% inflation target” set by the Federal Reserve, Former Treasury Secretary Larry Summers said.
By Jim Tyson • June 4, 2024 -
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Live Nation confirms Ticketmaster data breach after proposed class action
The breach, which reportedly exposed the personal data of more than 500 million consumers to the “dark web,” was the direct result of poor cybersecurity measures, the lawsuit alleges.
By Alexei Alexis • June 4, 2024 -
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Most M&A buyers would pay 3% extra for a company with a good ESG profile
ESG is playing a bigger role in dealmaking than ever before, Deloitte said.
By Jim Tyson • June 3, 2024 -
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AI powers uptick in middle-market cyberattacks
“While AI is available to the good guys it’s also available to the bad guys” and it is cutting the time it takes to mount a cyberattack, RSM’s Tauseef Ghazi said.
By Maura Webber Sadovi • May 30, 2024 -
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NY Fed President Williams forecasts hitting 2% inflation goal in 2026
Price pressures will likely fall during the second half of 2024 as demand declines into better balance with supply, Williams said.
By Jim Tyson • May 30, 2024 -
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Quility CFO looks to balance liquidity, growth in high-rate environment
Interest rates remain something CFO Jennifer Yaross is keeping an eye on when it comes to “other levers we want to pull,” she said.
By Grace Noto • May 30, 2024 -
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‘Worst’ yet to come for commercial real estate: Conference Board
Many banks have pursued a policy of “extend and pretend” to avoid writing off troubled commercial real estate loans, according to a Conference Board economist.
By Jim Tyson • May 29, 2024 -
Torsten Asmus via Getty Images
‘Higher-for-longer’ rates saddle companies with $381B in added costs
"The new higher-interest-rate environment might trigger a decaffeinated repeat of the 2008 financial crisis,” according to a partner at Baringa.
By Jim Tyson • May 28, 2024 -
"U.S. Securities and Exchange Commission headquarters in Washington, D.C., near Union Station" by AgnosticPreachersKid is licensed under CC BY 3.0
SEC clarifies intent of cybersecurity breach disclosure rules after initial filings
The rules require notification of “material” breaches, but some early filers have reported incidents that appear to fall short of the regulatory threshold.
By Alexei Alexis • May 28, 2024 -
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Gensler slams crypto after House passes bill opening ‘regulatory gaps’
A growing number of companies in the U.S. and elsewhere have turned to digital assets as an alternative to conventional currencies, according to Deloitte.
By Jim Tyson • May 24, 2024
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