Keynote Speaker Spotlight: Robert Steven Kaplan, Former Dallas Fed Chairman and current Goldman Sachs Vice Chair. Rob will be presenting a keynote titled: "Overlook/Outlook Economic Analysis". To learn more about AEC THRIVE, visit: https://hubs.ly/Q02HHnYl0 #PSMJ #AEC #keynote #speaker
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As the role of the CFO expands and shifts, PYMNTS examines what CFOs say their top priorities are for the year ahead: https://lnkd.in/enjHGYXE
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Director @ Epion Consulting | Business Change Consulting | Sustainability | Strategy & Innovation | The Boardroom Founding Member
Where do people sit on the balance sheet? Under liabilities. This perverse insight was one of many made by Stuart Warner during his ‘Finance for Board Members’ course at the Boardroom last week. It was an excellent course and the day flew by (no, really! Who knew Finance could be so riveting?!) I won’t share details of the content – you’ll just have to contact Stuart if you want to brush up on core concepts – but the point about people comes up time and again in many of the contexts in which I work. Leaders SAY that their people are their key asset, that culture eats strategy for breakfast, that they want productivity gains and innovation capability… But then choose to run their company and make all their strategic decisions based on 3 little documents: P&L, balance sheet and cashflow statement. None of which adequately accounts for these. In any case, Stuart’s course showed how easy these documents are to manipulate – sometimes nefariously and sometimes simply because it’s what will drive up shareholder value (at least in the short term). Moving numbers around can give the impression of overnight success – all totally legally – and yet the piper always needs paying. I like the Balanced Scorecard approach as a way of countering this over-reliance on financial metrics. At Epion, we’ve tweaked this and now track metrics across each of: - Our Culture - Our People - Our Customers - Operations - Financial performance We use the concept of ‘health’ to keep us focused on the long-term and work towards 3-year, annual and quarterly ‘rocks’ (as per Stephen Covey) to keep us on track. So far, it seems to be working, but I’d be interested in others who are involved in board-level conversations: how do you ensure long-term success as well as short term performance? Or is it a luxury that listed or PE back companies just can’t afford when shareholders expect reliable returns. How do you persuade investors that non-financial metrics matter (not just for the Marketing department)? And do you have any evidence or studies to support a direct (rather than indirect) link between people factors and the bottom line (eg staff turnover costs, goodwill erosion, amortisation of intangible assets etc)? #womenonboards #womeninbusiness #transformation
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Just one of many interesting insights from our 2023 CEO Transitions report!
CEO resignations under pressure grew as performance waned at more companies and board members felt pressure from investors to take action. We also saw more scrutiny of leaders for non-financial performance, especially among S&P 500 companies. Learn more: https://bit.ly/3Uq7hMA
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As CFO your board and investors will expect you to improve performance. What does that mean? Influence the numbers... But numbers are just by-products of things people do. So to influence the numbers, you have to influence behavior. How do you do that? Well, to influence behavior you have to understand people and what makes them tick. CFO jobs are about so much more than numbers. To understand more of what a modern CFO needs, read this: https://lnkd.in/eMXQ43D7
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A guide for leaders. Follow my journey for principled insights that will enhance your vision, improve your execution, develop meaningful connections, navigate the noise, and strategically allocate critical resources.
This is important and something with which I absolutely agree and discuss in my book Five Principles (TheFivePrinciples.com). I have served as a financial adviser, accountant, consultant, and financial officer most of my life. The greatest tragedy of modern accounting systems is seeing payroll (people) as an expense (numbers) instead of an investment. Viewing payroll as an expense is antiquated and ineffective. That most generally accepted accounting principles (GAAP), tax laws, and regulations do not update this is testimony to the general stupidity of financial people, including myself. Employees are valuable assets that can appreciate instead of depreciating! Alas, rewriting a vast chunk of GAAP is beyond my calling. However, this shortfall in accepted accounting principles contains a powerful advantage for those who realize it and can use it in their community. #People #Relationships #Principles
As CFO your board and investors will expect you to improve performance. What does that mean? Influence the numbers... But numbers are just by-products of things people do. So to influence the numbers, you have to influence behavior. How do you do that? Well, to influence behavior you have to understand people and what makes them tick. CFO jobs are about so much more than numbers. To understand more of what a modern CFO needs, read this: https://lnkd.in/eMXQ43D7
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🎉 Celebrating a Big Win with Our CFO Client! 🎉 🚀 What an inspiring journey it has been with one of our committed CFO clients! Starting out, he balanced a high-paying W2 job while nurturing his own venture. As uncertainties loomed with his regular job income set to end by this year's start, we stepped in to guide him through strategic financial planning and cash flow management. 🎯 Today, we're thrilled to celebrate a monumental milestone: he has successfully drawn a salary from his business that matches his previous W2 earnings, achieving this crucial goal well before the year's midpoint. This success underscores the power of dedication and strategic financial guidance. 🌟 Are you looking to secure your financial future? Contact us to discover how we can help turn your business aspirations into reality this year! #ClientSuccess #FinancialPlanning #BusinessGrowth #Entrepreneurship
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The summer months provide the opportunity to strategically recharge, absorb and plan for the remainder of the year. https://lnkd.in/eESmQGiv #Independentfinancialadvisor #Compliance #financialadvisor #finance #money #trading #investment #business #wealth #independent
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Trends we're seeing with CFO compensation 💰 As firms navigate complexities in an ever-changing global economic landscape, CFOs in the private equity sector are witnessing shifts in their compensation structures. Staying abreast of these trends is crucial for both PE firms and CFOs alike to ensure alignment between financial leadership expectations and market realities. It's an exciting time where financial leadership is not only valued, but intricately tied to the overall success of investments, and the compensation trends reflect this paradigm shift towards recognizing and rewarding financial stewardship. #privateequity #pe #cfo #chieffinancialofficer #compensationtrends #cfocompensation
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Management Matters: Their length of tenure, work ethic, and time spent on business operations day to day, as well as their investment such as stock options and your managers’ goals. Read more 👉 https://lttr.ai/AKwSP #PrimeProfits #FinancialOptics #RestaurantBusiness #RestaurantValue #RestaurantValuation #BusinessValuation
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It’s been said CFOs don’t boost company morale… that’s just WRONG. Coming into a new environment bearing money-based conversations typically doesn’t bolster immediate positive reactions, but our partners directly tell us that we DO improve morale. Why is that? We know finance, we know the numbers and how to translate them, but more than that, we know that’s not (typically) why you got into business. We don’t just come in and interpret your finances, we let you focus on your core business. We strive to meet you where you are, and a major part of that is understanding your human capital: understanding your people, who they are, what skills they bring to the table, and where they are being over or—more importantly—under-utilized. So how do we inadvertently boost morale? 👍🏻By having conversations, and creating connections. 👍🏻By learning how we fit in operationally, and meeting you where you are. 👍🏻By getting to know your “why”. 👍🏻By discovering where your pain points are in real-time. We are coming in not just to fix your finances, not just to provide a temporary solution to a larger problem, but to dig in deep and identify the roots that may be based in something other than finance. #leadership #CFO #financial #finance #companyculture #morale #culture #businessfinance
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