High performing CFOs in financial services organizations integrate data-driven decision-making activities across the entire company, changing the role of finance from back-room financial reporters into forward-thinking analysts and trusted advisors. This infographic shows how they do it and how you can too.
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In offices around the world Millennials are rapidly becoming managers and even senior executives. Some assistance from their employers could help, but at least right now, many organizations don’t prioritize grooming millennials as leaders. To some degree, the shift has caught many off guard. At the end of the day, the millions of millennials who are managers or soon will be are going to have to learn to own the fact that they are now bosses.
Organizations that want to develop or retain a competitive advantage should create a diverse and inclusive environment where all can thrive. This means addressing both the company-wide structural and behavioral issues that may be preventing people from achieving their full potential. It also means taking on an approach involving six choices and seeing how they can be applied effectively by underrepresented employees.
U.S. stocks have global exposure but do not provide global diversification. In investing, being exposed to too much of the same thing could be dangerous, especially when that market or a segment of it underperforms. A globally diversified equity portfolio may not only protect investors from the concentration risks due to home bias, but could also open the doors for them to take advantage of many lucrative opportunities abroad. And if you go global, go active.
Ultra-high net worth clients are often more focused on asset preservation than accumulation. Yet while they commonly own multiple homes, automobiles, watercrafts, heirloom jewelry and other expensive collections like art and wine—all of which greatly increase their risk—few have the specialized coverage needed to adequately mitigate that risk. Personal Excess Liability coverage is a critical tool in protecting your clients’ wealth.
By fostering the idea of giving from a young age, children can learn the value and joy in helping, sharing, and giving to those who have less than them. Instilling the core ideals of philanthropy in your children's lives can also help them develop a sense of purpose and self. The key is to educate and give them something to emulate.
A global talent crisis is looming. Leaders who do grasp the situation’s gravity still struggle to make talent a priority. Inaction is not an appropriate response to the talent crunch. While the new economy means markets move so quickly they are difficult to predict, organizations can survive by developing a vision and employing models and scenarios to plan and prepare for ways the future may unfold.
Disruptive forces are driving the future of work. By analyzing the leadership profiles of 150,000 leaders, this study underlines the five key qualities of effective, future-focused leadership—qualities which correlate with a country’s ability to innovate and which correlate with a company’s likelihood of being an acclaimed brand. It also reveals how well leaders in 18 key global markets are performing in each dimension, and where improvement is urgently needed.
Most professionals understand that work emails can be “discovered” in litigation, meaning that adverse parties can obtain these communications if they are relevant to the dispute. Recently, courts have begun ordering parties to produce other types of communications during discovery, including personal emails and messages. It is important for family businesses and offices to take the proper precautions with their communications to avoid common discovery pitfalls.
The main threat to responsible investing (RI) is the very success of the idea itself. There are now so many investors looking for RI investments that the usual financial industry fraudsters and unethical salespeople have come out in force.