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Nigel Travis, chair of the Abercrombie & Fitch board, has been appointed “Independent Director of the Year” today. Corporate Board Members It was presented in collaboration with AlixPartners as part of the magazine's 7th Annual Board Leadership Awards. Travis was recognized by a prominent panel of board members of the public company for his efforts to lead a dramatic turnaround at retailers. He joined the board of directors in 2019 and since becoming chairman in 2023, the company's stock has more than four times its value, more than twice the industry as a whole. He is former CEO and chairman…

The recent denial of CEO David Zaslav's $52 million pay package by shareholders of Warner Bros. Discovery could indicate that investors are paying more attention to executive compensation. As the fear of stags, recessions and armed conflicts grows overseas, investors are reluctant to reward CEOs who have generated overwhelming returns with generous wage packages over the past few years. Board members who approve increased compensation for poorly performed management teams in the current economic environment are at risk for the credibility of investors and shareholder litigation in future investments.Zaslav's refusal to pay package is split into two parts: Warner Bros.…

Among others changing geopolitical trends, new leadership in the major global economy redefines the global trade landscape, with disruption showing no signs of slowing down.In particular, the implementation of tariffs by the US has triggered a chain reaction, requiring immediate adjustments and adaptations in pricing, supply chain and compliance operations, and is still deployed in long-term growth strategies. Given the ongoing pace of change, the board must see geopolitical changes through a strategic assessment lens, and treat them as more than the context of business operations.According to a recent report from FTI Consulting, Corporate Board Members 76% of board members…

Traditionally defined financial data is a tracker of results, but it is a poor guide to how your business can deliver and achieve results. Everything that comes up in an organization ultimately falls into revenue, with far more money than just dollars, according to Siqi Chen, co-founder and CEO of Runway Financial. It's a wider area than many financial teams care about exploring.For current and future CFOs, This expanded view must be reflected in the model and prediction. Data flow ency (interregulation of messy data between departments) and sensual insights (understanding how different departmental models affect revenue) are essential capabilities…

In an ideal world, every merger or acquisition ideally, strategically aligned, driving hundreds of millions of dollars (or more) of sales over the years, transforming the market or product category into the benefits of the merged entity. CFOs can dream. In reality, creating value from M&A trading is a challenging effort in the best of times. It becomes even more difficult in a very unpredictable business environment. Alex Shahidi, senior managing director and transaction services leader at Rivern, a Dallas-based business advisory firm, offered to get a glimpse into what the acquirer needs to redo a successful transaction and manage…

“My biggest joy is having software and systems that can quickly utilize great datasets,” Redgate Software CFO Steve Mitchell said last year in a financial and accounting technology briefing. Mitchell not only spoke about the internal financial system, but also spoke on behalf of his clients. As a database management tool provider, UK-based Redgate is at the heart of faster, easier, broader, yes, cheaper access to operational and financial data faster, broader, and unprecedented demand. We asked Mitchell how global economic uncertainty, the rapid pace of AI investments, and international compliance requirements force high-tech organizations and their CFOs to pivot…

Monday, March 15th, 2027 – 7:23amCloudCore Systems CEO ($12 billion enterprise software giant) checked quarterly figures when the phone rang. Her client's success officer was calling for Meridian Financial, a client that represents a recurring revenue of $45 million a year.”They are moving away from our platform,” he said. “A complete replacement. Timeline? 6 weeks.”Six weeks. With the implementation of meridian size, that would have been impossible. Cloudcore's HR and Finance Platform have been integrated into every corner of Meridian's business, Payroll, performance management and financial reporting. Switching costs alone should make transitions exorbitant. 78,000 employees were trained on the…

As countries attempted to move towards more renewable energy sources, supply and management of critical minerals became politically and economically important. One new company operating in this high-stakes environment is Toronto-based Aclara Resources, a mining company that explores and develops rare earth mineral resources in Chile, Brazil and Peru. Francois Motte Sauter has been Aclara's CFO since its spinoff from Precious Metals Company Hochschild Group in 2021. Operating at the intersection of clean technology, mining and critical minerals, Sauter says he focused on two things in his 15 years at Hochschild, “and Cost Control and Timely run,” but the formative…

If you are now CEO, your position does not depend on the vision you outlined, and more on the outcomes you have produced over the past 90 days. In 2024, more than 200 CEOs were replaced, and CEO turnover rates increased by 13% from 2023, well above the six-year average. The board moves faster, driven by market volatility, activist pressure and growing belief that changing leadership is the fastest way to unlock value. At the same time, the window to provide strategies is narrower. Expectations regarding increased margins, capital efficiency and operational control have been strengthened, and long-term conversion patience…

Following the separation of weather companies from IBM last year, weather forecasting and information providers have built financial capabilities from scratch. Michael Love, former CFO of Intuit Mailchimp, who took over finance last October, said the idea was to design something more flexible and better to suit the pace and needs of your business. “We focus on simplifying core processes such as accounting and reporting, not just for efficiency, but also to help businesses move faster and make smarter decisions,” Love says. “The goal was to create a system that supported innovation. In an interview, Harvard MBA explains that the…