Governance and Control: Focus Risk Management on Multiple Levers of Control

Sponsored by IBM

Author, Jeremy Hope explains how the CFO can set the bar for ethical behavior, transparency, and effective risk management. He explains how organizations use innovative practices to create sustainable improvement in financial and operational performance. The finance teams in the companies highlighted have eliminated many of the barriers preventing the transition from business-as-usual to create—as Mr. Hope says—a more adaptive, lean, and ethical organization.

 

From CQ:

New Jersey: Corzine Struggles, Rival Christie Running Strong

New Jersey Gov. Jon Corzine, a Democrat, has so much to overcome in his 2009 re-election campaign that CQ Politics is changing the rating of that race from “Tossup” to “Leans Republican.” Read More

Dodd: ‘Clear Conscience’ as 2010 Foes Close In

In the latest in a continuing storyline that could threaten his re-election, Sen. Christopher J. Dodd, D-Conn., said he wasn’t concerned about the possibility of an active ethics investigation into his mortgages with Countrywide Financial. Read More

Senate Affirms Obama’s U.S. Citizenship

Recently reignited theories raised by a fringe movement convinced that President Obama is not a U.S. citizen — and thus is ineligible for the office he holds — have not gained traction among Obama’s former Senate colleagues. Read More

 

The E.U. has agreed to begin talks with the United States on a pact to share counterterror info on European citizens’ bank transactions, but past CIA covert activities render some wary, The Irish Times tells — while Deutsche Presse Agentur has the very prospect “uniting disparate parts of the German political spectrum in opposition.” The Swiss government has extended a list of individuals and groups linked to al Qaeda or the Taliban who are banned from travelling through Switzerland or having Swiss accounts, Dow Jones Newswires relates. Foreign terrorists’ and insurgents’ “use of third party countries for training, fundraising, and transit is not merely an operational phenomenon, but an economic one as well,” the author of a paper titled “Foreign Fighters and Their Economic Impact” summarizes in The Counterterrorism Blog.. Somali pirates are probably using the ransom money they collect from hijacking western ships to finance Islamic terrorists, The Daily Telegraph has a parliamentary committee reporting.

 

U.S. private consumption was about US$10 trillion in 2008 and EU consumption accounted for about US$9 trillion while Asian consumption was less than US$5 trillion. With U.S. private consumption accounting for about 16% of global output, an increase in the U.S. savings rate to upper single digits and a reduction in consumption could mean a significant reduction in global GDP. While consumption in emerging market economies is on the rise, it is from a lower base, meaning that it will be difficult to make up for the reduction in U.S. consumption.

 

DPA

These are challenging times for penguins living in Germany, where temperatures soared above 30 degrees Celsius on Wednesday. Many visitors probably wouldn’t have minded joining this one trying to cool off in Frankfurt Zoo.

© 2012 New Jersey CFO Suffusion theme by Sayontan Sinha