Wed.Dec 04, 2024

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Nearly Half Of US Unicorns Have Foreign-Born Founders

Global Finance

Research shows that immigrants to the US play a significant role in entrepreneurship and the economy at large. Ilya Strebulaev, a professor in the Venture Capital Initiative at Stanford Graduate School of Business, analysed data from 500 unicorns between 1997 and 2019. The dataset includes information on 1,078 founders, of whom 44% were identified as non-U.S.

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Creating a tech-forward senior accounting talent strategy: EY

CFO Dive

To retain top talent, CFOs need to balance senior accountants’ experience against AI’s promise, EY’s Daren Campbell said.

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Trending Sources

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The Finance Leader’s Playbook: Insights from the Journey

Future CFO

Finance leadership is undoubtedly not a cakewalk, as it involves various roles for the organisation to grow and drive value. Chief finance officers now work as strategic advisors to the C-suite team, with specific strategies at hand to bring in innovation for the company as a whole. Every decision is crucial to the overall results and endpoint of each and every plan and initiative, that is why it is necessary that finance leaders have a clear view of the road they have to take.

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Powell says solid economy gives Fed time to mull rate cut pace

CFO Dive

Powell’s comments align with those of other Fed officials in recent days who backed a cautious approach to future reductions in borrowing costs.

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Profit in the Details: Rethinking Spend for Monumental Impact

Speaker: Aaron Berson

Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g

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Arnault Son Is Tapped To Lift LVMH’s Spirits Unit

Global Finance

Alexandre Arnault, one of French luxury goods titan Bernard Arnault’s sons, will serve as deputy chief executive of LVMH’s wines and spirits division, Moët Hennessy. The unit includes champagne houses Moët & Chandon, Dom Pérignon, and Veuve Clicquot, as well as cognac brand Hennessy. Starting in February, the 32-year-old heir will work alongside LVMH’s longtime CFO, Jean-Jacques Guiony, who will also join Moët Hennessy as its new CEO.

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Embracing Flexibility in Leadership Roles: A Skill Every CFO Needs 

CFO Talks

Embracing Flexibility in Leadership Roles: A Skill Every CFO Needs Flexibility isn’t about being indecisive or chaotic. Instead, it’s the ability to adapt to challenges, consider new perspectives, and adjust plans while keeping the bigger picture in mind. As a CFO, mastering this skill can make you a more effective leader and help you guide your organisation through both turbulent and exciting times.

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Sebi says digital platforms not required to obtain SDP status

CFO News

The Securities and Exchange Board of India (Sebi) has issued a clarification after queries have been raised in various news articles about the obligation of digital platforms to get recognition as a Specified Digital Platform.

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Members’ Profile: Christopher Holton

CFO Talks

Members’ Profile: Christopher Holton In this edition of our CFO Spotlight series, we are featuring Christopher Holton, whose career reflects a deep commitment to both personal and professional growth. As the current Financial Director at Denso South Africa, Christopher has held key positions that span multiple industries, including logistics, fuel terminals, and manufacturing.

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Global Migration Hits New Highs, Sparks Growth And Debate

Global Finance

Legal migration to the world’s wealthiest nations reached unprecedented levels in 2023. According to the Organization for Economic Cooperation and Development (OECD), approximately 6.5 million people migrated through permanent legal routes to its 38 member countries last year, a nearly 10% increase from 2022’s 6 million. The data comes as the debate surrounding migrants escalates, fueling right-wing gains in elections in many countries.

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Navigating Bleisure Travel: A Guide for Mid-Sized Companies

Bleisure travel — where employees combine work and leisure — has been around since the advent of corporate travel and is here to stay. Successful bleisure policies strike a balance between employee preferences and company goals — workers report a 64% improvement in work-life balance, while companies benefit from reduced travel costs and increased workforce innovation.

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At the Money: Meb Faber on Tax Aware ETFs

Barry Ritholtz

At the Money: Deferring Capital Gains on Appreciated Equity. (December 4, 2024) Are you holding large, concentrated equity positions that have accrued big gains? Would you like to diversify but also defer paying big capital gains taxes? Meb Faber, founder and chief investment officer of Cambria Investments, speaks about a new ETF that may be the solution to the challenge of concentrated equity positions.

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China’s $1.3 Billion Peru Gamble Redraws Global Trade

Global Finance

A new $1.3 billion deep-water megaport in Peru will likely become the latest battleground in a rumbling trade dispute between the US and China. The 15-berth port at Chancay, around 80 kilometers (about 50 miles) north of Lima on the Peruvian coast, was jointly inaugurated by Peru President Dina Boluarte and China’s President Xi Jinping as part of the Belt and Road Initiative (BRI).

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How RIAs Can Launch A Private Fund: Legal Requirements And Common Missteps

Nerd's Eye View

In the competitive market for financial advice, advisory firms often seek to find ways to differentiate themselves from one another. For firms with high-net-worth clientele, one way to do this is to offer alternative investments, such as private equity, private debt, or hedge funds, which may offer clients the ability to invest in a more diverse range of assets.

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Ramgoolam’s Comeback Signals New Era For Mauritius

Global Finance

Historically, Mauritius voters have a reputation for speaking in absolute terms. They lived up to it last month, when they chose Navin Ramgoolam, the candidate of the Alliance du Changement (ADC) coalition, to form a new government as prime minister. Ramgoolam’s victory against incumbent Pravind Jugnauth was a rout. The ADC won 60 of 62 seats in the National Assembly, underscoring public exasperation with Jugnauth’s seven-year rule.

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The Growth Architect: How Financial Leaders are Unlocking Potential

Speaker: Ashley Harlan, MBA

What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.

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Celebrating Milestones and Community Impact Through EMpower

Bank of the West

As BMO reflects on its journey, the commitment to helping customers, communities, and colleagues make progress remains at the forefront of its mission. This fall, BMO proudly celebrates significant milestones… Read more The post Celebrating Milestones and Community Impact Through EMpower appeared first on About BMO.

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Europe’s Bold Answer To Starlink And Kuiper

Global Finance

IRIS2, the European satellite communications program, is finally taking off. The response to Elon Musk’s Starlink and Jeff Bezos’ Kuiper is the SpaceRISE consortium. Two years after launching the project, the European Commission awarded the contract to build its satellite mega constellation to a consortium of satellite fleet operators: Eutelsat (France), SES (Luxembourg) and Hispasat (Spain).

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Climate risks have hit financial system: RBI

CFO News

The Reserve Bank of India (RBI) warns that climate risks are impacting the financial system, posing systemic challenges. These include physical and transition risks, impacting assets, businesses, and loan losses. Data gaps hinder comprehensive risk assessment and access to climate finance. The RBI emphasizes the need for adaptation measures alongside emission reduction strategies to address immediate climate change impacts.

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Europe’s Bold Answer To Starlink And Kuiper

Global Finance

IRIS2, the European satellite communications program, is finally taking off. The response to Elon Musk’s Starlink and Jeff Bezos’ Kuiper is the SpaceRISE consortium. Two years after launching the project, the European Commission awarded the contract to build its satellite mega constellation to a consortium of satellite fleet operators: Eutelsat (France), SES (Luxembourg) and Hispasat (Spain).

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2025 Payroll Calendar Templates (Biweekly, Semi-Monthly, and Monthly)

Use these handy calendar templates to stay on top of payroll in 2025! Download them today to share with your HR team or post for employees. Whether your company has biweekly, semi-monthly, or monthly pay periods, Paycor has you covered. Get your templates today!

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Wrap 2024: From Infosys to Apple, most discussed CFO exits of the year

CFO News

2024 saw quite a lot of CFO resignations across major industries, reflecting shifts in leadership amid evolving challenges. We take a look at the top departures that made news.

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Decision-Making in Nonprofits: Insights from a Data Expert

The Charity CFO

In the latest episode of A Modern Nonprofit podcast, host Tosha Anderson sat down with Sawyer Nyquist, a data expert who specializes in analytics and data management for nonprofits. Their conversation explored the strategic role of data in the nonprofit sector and how organizations can leverage it to achieve their goals more effectively. The Data Dilemma Tasha kicked off the discussion by highlighting a common issue in the nonprofit world: many organizations have an abundance of data but struggl

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'Keep interest of economy before interest of revenue': Sanjay Malhotra

CFO News

Revenue Secretary Sanjay Malhotra cautioned revenue officials against issuing excessive demand notices to businesses, emphasizing the importance of prioritizing the economy. He urged them to verify the intent behind potential tax discrepancies before taking action, focusing on major players in smuggling and drug trafficking cases rather than minor offenders.

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Trump taps crypto lobbyist, business consultant to lead SEC

CFO Dive

Trump’s nominee, Paul Atkins, served as a commissioner at the SEC under former President George W. Bush.

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From Start to Scale: Driving Growth Through Seamless Payments Implementation

Speaker: Michael Veatch, Senior Director, Implementations & Ella Aguirre, Director of Solution Consulting

Embedding payments can be a transformative step for software companies looking to enhance their platform capabilities, boost customer satisfaction, and drive long-term growth. However, the success of payments hinges on a single thing: implementation. Drawing on real-world insights and experiences, payments implementation experts Michael Veatch and Ella Aguirre will explore actionable strategies that can lead to a transparent, friction-free launch and mitigate potential challenges like technical

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Kotak Mutual Fund's 2025 outlook: Capex revival, AI growth and fixed-income opportunities

CFO News

From a multi-year capex cycle to advancements in technology, rural consumption revival, and rising healthcare demand, the Kotak MF report outlines critical opportunities for investors.

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Botswana Turns A Political Page

Global Finance

Botswana, the world’s second largest diamond producer, ended 58 years of single-party dominance by the Botswana Democratic Party (BDP) last month, as incumbent President Mokgweetsi Masisi, who had served one term, conceded defeat, enabling a historic and peaceful transition of power to Duma Boko, a 54-year-old Harvard-educated human rights lawyer who leads the opposition Umbrella for Democratic Change (UDC).

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GST Compensation Cess: Experts call for Gradual phase-out, seek long-term tax reforms

CFO News

Ahead of the 55th GST Council meeting on December 21, Punjab's Finance Minister has urged an extension of the GST Compensation Cess beyond March 2026. Experts are divided, with some arguing it ensures financial stability for states, while others warn of long-term fiscal and economic concerns.

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Hyundai Breaks Precedent With New CEO

Global Finance

Hyundai Motor Co. has appointed José Muñoz, its North American chief and global COO, as CEO, marking the first time a major South Korean conglomerate has elevated a foreign national to the top position. Muñoz has been credited with driving record sales in the US, a key market for the world’s third largest car manufacturer alongside its affiliate, Kia.

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Less Stress, More Success: Accounting Best Practices & Processes for 2025

Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System

Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.