Alvarez & Marsal has published the Chartered Institute of Management Accounts (CIMA) Report in partnership with Chartered Global Management Accountant (CGMA), the Chairman’s Forum and the Airmic. This guide is first of its kind to offer practical advice on risk to Boards based upon research and consultation with 21 FTSE Chairmen and 27 other senior board directors and risk specialists. It presents an integrated approach for boards on managing and reporting risk and it highlights best practices for Boards of companies operating internationally. The CIMA Report seeks to ensure business resilience and to assure stakeholders of the long-term viability of companies.
Tom Teixeira, Managing Director in A&M’s Insurance and Risk Advisory Services practice and a leading contributor to this report, commented on the Viability Statement. He specifically recommends that an integrated approach is required when producing a company’s Viability Statement.
The guide also includes a foreword from Sir Win Bischoff, Chairman of the FRC, an introduction from Sir Peter Gershon, Chairman of National Grid and Tate & Lyle, and a conversation with Sir Roger Carr, Chairman of BAE Systems.
Click here to read the full report.
A&M is proud to have joined ACORD
February 29, 2024
Alvarez & Marsal is proud to have joined ACORD (Association for Cooperative Operations Research and Development) as we continue to expand our footprint in the U.S. and London insurance market.
Alvarez & Marsal Expands Its Pension Transaction Capabilities with the Appointment Of John Spencer
February 12, 2017
Alvarez & Marsal (A&M) continues to expand its Insurance and Risk Advisory Services practice with the addition of John Spencer, who joined as a Managing Director in New York.
Viable Options
September 26, 2016
The latest UK corporate governance code obliges listed companies to publish viability statements. Tom Teixeira, Managing Director of risk advisory services at Alvarez & Marsal, explains the key implications for boards.
Broker Pricing Leverage in the Fully-insured Group Health Market: Insurance and Risk Advisory Services
June 30, 2016
Benefit brokers have long competed for employer-based group health insurance business in part by touting their ability to “get the best deal” for their clients. Brokers often point to their size (large or small), geographic location or an influential relationship with an insurance company to support their claim of being able to secure a better rate than a competitor.
