How New Technologies Are Changing the Landscape for Audit Committees
As the digital revolution continues to evolve, audit committees are paying more attention than ever to emerging technologies. This is especially true in the cybersecurity and AI spaces. Though both technologies can boost data safety and staff productivity, they come with some concerns and the need for an improved approach. If your business is currently
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How Executive Pay Has Changed & Why It Matters
CEO pay has risen at an unprecedented pace in recent times. Since 1978, those who sit at the top spot in many of the world’s largest and most consistently profitable companies have enjoyed a 1,460% increase in salary. While some believe that CEO pay has gotten out of control, others believe it is well deserved.
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How Your Board of Directors Can Prepare for Executive Turnover
In recent years, boards have experienced an increase in what many call the “sudden voluntary departure” of their C-suite executives. In fact, well over half of boards expect it to happen in their company within the next two years. Unfortunately, these departures can devastate a corporation and its long-term growth. Because most plans are made
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6 Critical Areas That Need Your Audit Committee’s Attention
Serving on an audit committee can be challenging because of the sheer breadth of corporate functions the committee is required to oversee. Still, an effective audit committee plays an essential role in helping the company stay within the boundaries of regulatory obligations and avoid fines, penalties, and loss of trust from stakeholders. One day you
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How CFOs & Audit Committees Can Build Collaborative Relationships
The relationship between the board and senior management has always been important. However, the way CFOs relate to the board’s audit committee deserves special attention. This is not only because of the audit committee’s role in overseeing financial reporting but also because of a critical shift taking place in the CFO’s role. These leaders are
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Defining & Maximizing the Board’s Role in a Successful Company
In recent years, there has been an increased focus on good governance and its role in creating value for shareholders. While good governance has many definitions and perspectives, its ultimate test is whether the company can fulfill its strategic mission. To accomplish this goal, the board must understand its role, have the right foundation and
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Is Selling Your Business to Your Employees Worth It?
As the owner of a corporation, you must face the fact that, at some point, you’ll leave the business. Whether you wish to retire, want to try something else, or otherwise find yourself unable to run the company, having a proper exit strategy is essential. While most business owners consider selling their enterprises to investors
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Cowen Partners Recognizes the Top Personality Tests in 2022
Cowen Partners, a leader among the nation’s best executive search firms, has announced the winners of its 2022 Best-of Awards Program for personality tests. They have rounded up the best personality tests for employers to identify top job candidates, all while working remotely and avoiding face-to-face interviews. Are you still interviewing and on the hunt
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Executive Search Trends to Monitor in 2022
The executive search industry is undergoing a transformation, and executive headhunters will find more success if they understand the trends that shape the future. The 2020s are shaping up to be a critical decade for the recruiting industry, with many factors contributing to changes in what it means to find the best executive talent. The
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The Modern Credit Union CFO
A successful CFO candidate synthesizes old-school accounting with new-age technologies to successfully lead the CU toward a better bottom line. With increased market volatility and advancing digital infrastructures appearing across all industries, credit unions, traditionally regional and relatively conservative financial institutions, are emerging as one of the most transitional and rapidly evolving subsets of the
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