Search results for

Corporate Finance, in association with the Netherlands Foreign Investment Agency, is currently conducting a short survey on corporate long-term growth strategy. To ensure our research is comprehensive, please take a minute to fill out our short and confidential questionnaire.

Siemens, Microsoft, Nokia and Repsol are just some of the corporate treasuries nominated by banks and software vendors for CF¹s Awards for Treasury Excellence 2004. The annual awards serve to recognise the professional excellence of a number of corporate treasuries in categories such as STP, working capital management, treasury strategy and financial process outsourcing. And, for the first time, CF¹s 2004 Awards nominate a treasurer of the year and a treasurer to watch in the next 12 months.

"The similarities of SCC with Enron were purely technical. It was rated, it wasn't off balance-sheet financing for McDonald's, and no-one was unfairly enriched," says a former treasurer of McDonald's and one of CFO's 60 movers and shakers in CF's 20th anniversary edition.

JP Morgan Treasury Services has set up a global mass payments system for Metro-Goldwyn-Mayer in what it says is a record-breaking four months.

If corporate competitiveness is defined by a willingness to offshore jobs then a recent survey suggests UK corporates are leading the way by planning to move 3% of its jobs offshore over the next ten years.

As the November deadline approaches for compliance with the UK Combined Code on Corporate Governance, there is a clear division between companies who are going out of their way to reassure investors and those that are making little effort at all.

As the CFO, exactly how much capital did you put aside to cope with the compliance costs for Section 404 of the Sarbanes-Oxley act? The capital almost certainly isn?t enough. That?s the conclusion from a recent survey by the Financial Executives International (FEI) showing costs for compliance are more than 60% higher than estimates made only six months ago. The total cost of compliance for the average company in FEI?s July survey amounts to $3.14 million; a rise from $1.93 million in the FEI?s January survey.

Target: MobilTel EAD, Bulgarian mobile phone network operator. Established in 1994, MobilTel is the largest mobile phone operator in Bulgaria with 2.7 million subscribers and a turnover of ?432 million ($533 million) in 2003.

The bond and equity markets in Europe are set to outperform the US over the next two years as the two region?s economies diverge from each other, according to a report from ABN Amro.

Finance directors have been eyeing the looming deadline for IAS 32/39 with some trepidation for some time now. One option for combating the question of hedge accounting requirements, at least as far as many software vendors are concerned, is for CFOs to implement software solutions. Trema, the software provider for financial institutions, has launched its hedge accounting module to cope with the fair value accounting regulations under IAS39 and to provide support for FAS 133/138. Trema proposes to reduce the labour intensive process of hedge accounting by introducing software to deal with: cashflow hedging; fair value hedging, and; net investment hedging. FX and interest rate hedging are also included in the package.

US and international companies are taking advantage of brief periods of low bond yields to issue into the hungry US market.

Private equity is driving the M&A market, with leveraged buy-outs (LBOs) in the first six months of the year at their highest level since 1998.