CGMA MAGAZINE – 2012

Finance executives in Canada cast a leery eye toward US economy

A majority of Canadian accounting executives are optimistic about the prospects of their own businesses, but that sentiment is countered by concern over the US economic outlook. A survey by the Canadian Institute of Chartered Accountants (CICA) shows that the US economy is seen as the biggest challenge to Canada’s growth in the next 12 months.

Corporate governance improves slowly in the UK, research shows

About half of the UK’s largest public companies have not complied with the country’s Corporate Governance Code. Some companies are showing more interest in certain aspects of governance, according to Grant Thornton research, but some are showing a “weariness or lack of commitment toward the concept of transparency.”

Three IT challenges to watch for in 2013

The global IT governance group ISACA is drawing attention to three trends it says will “pose major challenges to businesses” in 2013. Cybersecurity threats are growing more sophisticated; interest in private or hybrid clouds,  rather than public clouds, is expected to increase; and employees and consumers are growing more concerned about data privacy.

Top companies’ CEOs generally rise through the ranks

Companies generally regarded as the world’s best have at least one thing in common: CEOs who are no stranger to their organisation. Hay Group research says the top 20 companies’ CEOs have averaged 25 years of service at their organisation.

In-demand directors see pay rise nearly 10%

Average pay has increased by nearly 10% in the past year for directors of public companies, according to an analysis by BDO USA. Board retainers and fees make up about three-fourths of directors’ total compensation. Directors make the most, on average, in the technology sector ($177,249).

US finalises corporate anti-avoidance rules

The Internal Revenue Service, the US tax agency, issued final regulations designed to prevent corporations from avoiding the application of Sec. 304 to transactions in which they repatriate earnings from foreign subsidiaries.

Master the learning curve for a successful start in a new job

Being prepared to learn might be the most important attribute an employee can bring to a new job. Sixty percent of managers and 44% of workers said the greatest challenge when starting a new job is learning new processes and procedures. Read here for tips that can make your transition smooth.

Mediocre managers just as damaging as bad ones?

Managers who panic, play favourites and make inappropriate jokes not surprisingly undermine employee motivation and wellbeing, according to a new report by the Chartered Institute of Personnel and Development. Just as damaging, the report says, are so-called “under-the-radar” managers, who do little to develop their direct reports.