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The luxury yacht industry is riding a wave of change. Charter bookings have skyrocketed as Covid introduced a new generation of clients. This views yachts as property ownership and as a gateway to experiential luxury. Meanwhile, sustainability has evolved from an industry buzzword to a business mandate, with owners and operators competing to reduce their environmental footprint and without compromising the ultra-high-end experience. Leading this evolution is Anders Kurtén, CEO of Fraser Yachts, a Monaco-based intermediary with 78 legacy and global reach. A 25-year industry veteran who led the turnaround at Finland's Balto Yacht, Kruten shares insights into how the…
The world is moving at a fierce speed, Corporate Board Members EY Americas Center for Board Matters also reveals how this pace of change is reshaping corporate governance.A new study conducted earlier this year among board members of nearly 200 public company members has found that almost three-quarters of directors say their corporate strategy is constantly fluid, with six out of ten expecting a carefully prepared plan to require a complete overhaul within just 12-18 months.This finding illustrates a fundamental shift in the way boards must approach strategic oversight, with continued strategic vigilance and adaptive governance. Take a closer look…
For Michiel Boere, former global CFO at Uber Eats, the secret behind being an effective financial chief is as far away as you can get from the old CFO stereotypes. Boere, the employer of Record of Record and HRIS Solutions, the CFO of Payroll Provider Remote, sees his role as the “connection” of the entire management team. His goal as CFO is to remove growth and innovation that reduces friction, not to create it. Instead of strict control over them, know when to make costs more flexible. To do all that, CFOs need to look “practically, operationally aware and positive.”…
Fresh from the announcement that Columbia Banking Systems is acquiring Pacific Premier Bancorp in a $2 billion stock transaction, board member Chris Mitchell is feeling pretty good. Mitchell, formerly a director at Pacific Premier, will join the board at Columbia, a post-merger regional banking behemoth with $70 billion in assets. “This was an industry, regional middle-market banking, that was starved for deals the last four years,” he says. “We’re now at the front end of a very large M&A movement.”While acknowledging that banking is one of just a few sectors experiencing an M&A resurgence, Mitchell says others are poised for…
M&A transactions are undoubtedly the most important event that a company can undertake. From understanding shareholders to targeting truly important investors, executives must be proactive and proactive in preparing these very important corporate reform proxy votes. This is especially true when investor opposition and public casual corn can block trading before consumption.To help executives assess the risk and opportunities of M&A shareholder votes, Alliance Advisors has developed a list of DOs and DOTSs, explaining how partnering with industry experts can help deal smoothly.Don'tDo not assume there is a vote or be passive. For a shareholder vote to succeed, executives need…
In mergers and acquisition environments where surveillance is high and single change-in-control (CIC) provisions can lead to “opposite” recommendations from proxy advisors, outdated “golden parachute” arrangements can be quickly distracted or even worse, blame. While the Commission still needs to maintain and protect executives during the transaction, today's market-leading practices reflect a disciplined approach that reflects the direction of external markets and policies of large asset management companies and proxy advisory companies. The goal is to ensure that CIC protection is economically neutral about potential transactions and aligns with shareholder expectations and governance norms. Below we outline five methods that…
There are many reasons why businesses may need to change direction. Consumer preferences, disruptive technologies, and new regulations change can all feel like a meteor comes to you. When it's time for a basic strategy change, you'll definitely consider the potential impact on the company, its employees and customers. Equally important, investor strategies need to be rethinked. Explaining pivots to investors, for example, from fossil fuels to renewable energy or digital, can have a difficult conversation. If you are cautious about developing a long-term roadmap and communicating your strategy to the most important investors, that discussion will become much easier.…
Strategic leadership is key to driving innovation in renewable energy. In this episode, we sit down with a powerhouse in the space. Our guest, Ann Anthony, has led financial strategy for some of the most transformative companies in energy, including Oberon Fuels, where she is CFO. She shares her journey from financial management to scaling organizations, from securing billions in capital to navigating complex industry transitions. We also discuss the intersection of finance and strategy, the role of CFOs in mitigating risks, and how to build a high-performance leadership team. To book a demo with Planful, click here. — Listen to…
Strategic leadership is key to driving innovation in renewable energy. In this episode, we sit down with a powerhouse in the space. Our guest, Ann Anthony, has led financial strategy for some of the most transformative companies in energy, including Oberon Fuels, where she is CFO. She shares her journey from financial management to scaling organizations, from securing billions in capital to navigating complex industry transitions. We also discuss the intersection of finance and strategy, the role of CFOs in mitigating risks, and how to build a high-performance leadership team. — Listen to the podcast here Watch the video —…
Almost all sponsors and board members are doing the same duties. CFOs need to prioritize AI:Now. Still, financial functions are slower adoption. In the face of it, it may seem like an inexplicable cutting, but it is not. Deploying AI is especially difficult for CFOs who are not necessarily engineers. And it could be even more difficult for CFOs who know a little more about technology. Rather, for CFOs who understand that effective AI requires a powerful data environment. It's not that you don't know where to start with AI. They don't think their data environment is ready. We are…