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Editor's letter - The institute's stewardship enquiry.
(From Financial Director)
Readers who have graced our mailing list for a few years will know all too well that the cliche, 'the changing role of the finance director' is a tough one to escape. We cradle our heads in our hands when public relations people feel it necessary to try to convince us that FDs aren't beancounters any more.
Go figure. But, we concede, there is a problem. In fact, there has been a whole string of problems, from Enron to Parmalat. British companies have largely stayed on the sidelines as far as the most spectacular frauds are concerned. Over and above that - but no less worrying for investors - are the panoply of 'accounting irregularities' which, whilst perhaps quite innocently committed, still serve to undermine confidence in the FDs' numbers. Consider, for example, the damage to Shell's value - and reputation - because it miscategorised some of its reserves.
Against this background, a new report from the ICAEW urges boards to get their FDs back to work in their value-creation role. The pendulum, they say, has swung so far ...
- Corporate governance - Survival instinct. It has been a tumultuous year for...
- Magazine article from: Financial Director February 28, 2006 700+ words
Byline: Robert Bruce. There are times when what looks like a stupendous strategic coup is actually something altogether simpler. In fact, the best of strategies are often the result of a combination of events and accidents along the way. Take the last few years in the world of the financial
- Analysis - FDs welcomed aboard.
- News wire article from: Europe Intelligence Wire September 18, 2003 700+ words
...resulting new focus on corporate governance. FDs are therefore becoming...the board. Other FDs-turned-non-executives...flooded with demands for FDs and chief financial...current demands of corporate governance mean Rickman is always...
- FDs urge tougher line on Higgs.
- News wire article from: Europe Intelligence Wire November 27, 2003 700+ words
...enforcement of corporate governance rules after Accountancy...nearly half of FDs are not confident...combined code on corporate governance. The results were...concerns about corporate governance in the UK. FDs said that the only...
- ANALYSIS: FDs face up to threat to corporate reputation.(survey of finance...
- Newspaper article from: PR Week (UK) November 22, 2002 700+ words
...increasingly tied to reputation, that FDs have a role to play in maintaining...than 72 per cent of the 100 FDs questioned from among the FTSE...for this opinion is because FDs believe there is simply not...firms have made 'leaps in corporate governance', they have concentrated...
- Tax issue is a matter for governance, say FDs.
- News wire article from: Europe Intelligence Wire March 3, 2005 700+ words
...directors think that corporate governance should include...The 52% of FDs who agreed that...more central to corporate governance provided evidence...Vokera. Many FDs who responded...should be a corporate governance issue, said...
- FDs urged to beef up weak risk assessment standards.
- Magazine article from: Accountancy Age April 24, 2009 700+ words
...be of increasing demand.' FDs will oversee a change in their...PricewaterhouseCoopers, agreed that FDs and their departments needed...suppliers defaulting on payments. Corporate governance regulations drawn up in recent...Oxley Act, have resulted in FDs spending more time on compliance...
- Insight - FDs' New Focus.
- News wire article from: Europe Intelligence Wire March 1, 2004 700+ words
...now. The ICAEW says so. FDs who have been weighed down by the corporate governance agenda for the past couple...finance and management urges FDs to be "more commercial and...desirable qualities and skills for FDs and outsourcing, as well...
- FDs hedge bets with 2007i?1/2s biggest pay rises.
- Magazine article from: Accountancy Age July 3, 2008 700+ words
Byline: David Jetuah FDs hedge bets with 2007's biggest...the company. Speaking at the Corporate governance in practice conference, KPMG...of the food chain, FTSE100 FDs with base pay in the upper...on 10%. In the FTSE250, FDs were given pay hikes of 14...
- Analysis - FDs ignore investors at their peril.
- News wire article from: Europe Intelligence Wire July 17, 2003 700+ words
...are on the march and FDs ignore this at their...strategic adviser on corporate governance at NAPF, calls it a...result in a new set of corporate governance guidelines by the end...potent new force and FDs will need to learn new...
- Financial Directions - FDs' strategic role in jeopardy as regulatory burden...
- Magazine article from: Financial Director January 30, 2006 700+ words
FDs feel the strain Finance...survey found that 40% of FDs believe that compliance...with the revised code on corporate governance according to Grant Thornton's fourth annual Corporate Governance Review. The level of compliance...