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Corporate Finance is once again conducting its Risk Management Survey for corporate treasurers and CFOs. This year we are focusing on your views and concerns about trends in the market and recent legislation. This is also your opportunity to critically assess the banks you use for risk management. To ensure our research is comprehensive, please take just a few minutes to fill out our confidential, point-and-click questionnaire.

SG Corporate & Investment Banking (SGCIB) has appointed Ezio La Rosa as a director and Stuart Cook as a managing director within the structured finance team of its debt capital markets platform. Ezio La Rosa joins from Citigroup where he worked in the global capital structuring team. His move to French investment bank SGCIB sees him concentrate on the structured finance offering in Italy, reporting to David Coxon, global head of debt advisory and hybrid debt.

Three companies based in the east United States appointed new CFOs or corporate controllers this week - SPX, Visteon and GNC.

SunGard Treasury Systems has announced an agreement with Trintech, a provider of transaction reconciliation and payment infrastructure solutions, to expand an agreement that allows SunGard Treasury Systems to offer Trintech's Bank Fee Analysis system to its corporate customers

A ruling expected this week on United Airlines' secured bonds could upset the industry's debt market, making it far harder for airlines to borrow money in the future.

Global M&A activity is up almost 50% on 2003 figures while the UK is experiencing its biggest M&A upsurge since the end of 2000, according to KMPG's corporate finance team.

Vivendi Universal is to dispose of 15% of its stake in Veolia Environment in order to pay back debt and increase its focus on media and telecommunications. The sale, which will reduce its stake in its former water subsidiary from 20.3% to 5.3%, will cut Vivendi's net debt to approximately ?4 billion ($5.3 billion) and raise ?1.5 billion. The disposal will be implemented through three transactions. In the first, Vivendi Universal will offer 40.4 million of its shares ? 10% of its stake ? in Veolia Entertainment through an accelerated book building (ABB), with Deutsche Bank, Société Générale (SGCIB) and Lazard-Ixix acting as joint bookrunners.

Two US companies are looking for a new CFO after the present incumbents resigned to pursue other career opportunities. Orchid Biosciences, the US supplier of DNA testing services, is seeking a new CFO after the resignation of Michael Spicer who is joining another biopharmaceutical company.

The warnings are nothing new. But they are certainly getting louder and more earnest. Corporate education, information and communication on upcoming IFRS is urgently needed, according to a report released by KPMG.

Astante Technologies, the provider of networking solutions for the small-medium business market, has appointed Raj Matthew as CFO. Matthew's career spans 20 years and has included CFO positions at BuildPoint Corporation and PeopleWeb Communications. Meanwhile at Aspect Communications, the US customer contact solutions provider, James Reagan is replacing CFO Gary Wetsel as he retires. Most recently he was CFO at American Management Systems, a software and IT firm, and before that held finance posts at Nextel and MCI.

Three new CFOs have been appointed in the US, at broadband-provider Verilink, paper-producer Bowater and funeral-operator Stewart Enterprises.

A study by global executive recruitment firm Russell Reynolds Associates has revealed that 84% of the senior business leaders interviewed, among whom were representatives of 51 of the FTSE 100, believe there are problems surrounding board pay. The study, ?The Problem with Board Pay ? Concerns of Leading Chairmen and CEOs', offers valuable insights into the opinions of the UK's leading businessmen on a range of board remuneration issues.