Executing a transformation is a team effort and requires the buy-in of the whole organisation, particularly in the C-suite. While the Chief Executive Officer (CEO) is accountable to deliver the transformation ultimately, the rest of the executive team play vital supporting roles. Following on from our article on the CEO’s role in the first 100 days of a transformation, here we will examine the responsibilities of the Chief Financial Officer (CFO), who typically will need to adopt multiple hats – Communicator, Conductor and Collaborator – as a transformation is executed.

Following the end of the tax year 2020/21, employers that have awarded carried interest and co-investment entitlements to employees including directors and salaried members should consider whether they need to report these on their Employment Related Securities return.

Alvarez & Marsal’s '2020 / 2021 Oil and Gas Oilfield Services Compensation Report' was featured in Equilar's C-Suite Magazine.

Traditional approaches to performance improvement have tended to focus on EBITDA improvement or cashflow improvement as separate challenges that can be addressed by separate teams and are owned by separate functions. Sales are responsible for growing revenue; procurement is responsible for lowering cost; operations are responsible for inventory; and finance and shared service centers are responsible for cash. However, we believe that integrating these approaches is critical for Aerospace & Defense industry organizations. Those with a unified capital management strategy will not only weather the current turbulence but emerge as market leaders in the post-COVID-19 world.

The Indian textile (fabrics, apparel, home furnishings) industry is one of the nation’s oldest and employs the second largest workforce after agriculture. As a result, India has the advantage of having the entire value chain within the country and has easy access to raw materials, in addition to cheap and skilled labor. However, it still lags its peers (Vietnam and China) in terms of productivity and cost-effectiveness.

Tax data analytics and visualization can help tax departments address these tax requirements and present tax executives and stakeholders with opportunities to leverage in-depth insight into their data to make strategic tax planning decisions.

Global M&A activity is rebounding, with announced transaction volumes for the 4th quarter of 2020 exceeding 2019 levels. What does this mean for buyers and sellers as they continue to navigate this “new normal”? Learn more in the 2nd of our 4-part series, Your Next Deal Will Be Different.

Learn more about Finance Transformation and how it can drive savings.

Retailers and consumer goods manufacturers have struggled for decades closing Out-of-Stock (OOS) rates beyond average levels around eight percent. Resulting in frequent lost sales and poor customer experience, this On-Shelf Availability (OSA) issue has become so prevalent and accepted that many have deemed its impact as the “Trillion-Dollar Black Hole.”

Originally enacted in the Energy Policy Act of 2005 and recently made permanent as part of the Consolidated Appropriations Act of 2021, 179D provides a tax deduction of up to $1.80 per square foot (indexed  for inflation beginning in 2021) for new construction, retrofits or expansions of commercial buildings that install lighting, building envelope or HVAC systems that reduce the buildings total energy and power costs by 50% or more in comparison to certain standards.

The Biden Administration and Senate Democrats recently released more details on proposed tax law changes. Not surprisingly, they involve tax increases.

There has recently been a trend among fund managers and investment fund structures to consider alternative jurisdictions following the introduction of the EU’s list of non-cooperative tax jurisdictions (“EU blacklist”) in December 2017 which was introduced to improve tax governance globally, and to ensure the EU’s international counterparts respected the same tax standards as EU Member States to prevent tax avoidance and harmful tax practices. The A&M Taxand team has prepared an article explaining the key benefits, considerations and legal features of Scottish Limited Partnerships (“SLP”).

Frankie Leung and Chris Fordham share recent trends and observations on corporate fraud and corruption in the Chinese mainland and Hong Kong SAR in an in-depth feature by Financier Worldwide.

Shifting attitudes towards inventory and supply chains have significant implications for working capital management. “Broadly, companies relying on just-in-time supply chains and highly lean inventories have suffered most through the pandemic’s disruptions”, says Cody Chenault, Managing Director at Alvarez & Marsal (A&M).