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Corporate Finance magazine has extended the deadline on its first annual analysis on risk management to corporates until Friday 9 April. To ensure our research is comprehensive, please take a few minutes to fill out our confidential questionnaire.

FranklinCovey, which has surveyed more than 2.5 million people about productivity and effectiveness issues, last week released the findings of its latest Execution Quotient study of 12,182 U.S. workers.

Four out of every ten US multinationals would be unable to comply with the SEC regulations on quarterly and annual reports if they were implemented immediately, concludes a recent report by Pricewaterhouse Coopers. SEC rulings to be implemented by 2005 dictate that corporates must file quarterly reports in 35 days and annual reports within 60 days of the period end.

The European Commission has proposed tough new auditing standards in order to prevent future accounting scandals.

Nortel Networks Corp. has put CFO Douglas Beatty and controller Michael Gollogly on paid leaves of absence as part of an investigation into the situation surrounding the company's restatment. Willaim Kerr has been named interim CFO and Mary Anne Pahapill has been named interim controller.

The focus on Barcelona as a top treasury location seems to be attracting more than just the world's multinationals. Nordic Financial Systems (NFS), the treasury service provider, has opened an office in the Catalan capital to tap in to the burgeoning corporate interest. As CF noted in its July 2003 edition, Barcelona is proving a strong draw for corporates. Half of the Japanese, German and French companies in Spain are in Barcelona and are taking advantage of labour costs below the EU average and cheap office prices bettered only by Lisbon, the Portuguese capital.

ACI-The Financial Markets Association has released the final Report of the Euribor-ACI Short Term European Paper (STEP) Task Force.

Barclays Capital has appointed Guglielmo Sartori di Borgoricco as a managing director and head of European distribution. He joins the investment banking division of Barclays Bank in April and will work out of the London office.

Pacific Gas & Electric will sell $6.7 billion in bonds secured by a first mortgage on utility properties to help pay creditor claims of $12 billion as it emerges from bankruptcy protection.

The Sarbanes-Oxley Act, designed to place more controls on corporate accountability in an Enron era, has the potential to be bigger than Y2K in how it affects companies in every industry of every size. Companies may have been able to meet initial Sarbanes-Oxley compliance using well-defined processes and procedures, but compliance with upcoming Sections 404 (certification of financial reporting processes and controls) and 409 (real-time reporting of material events) may not be so easy. AMR Research's recent survey of more than 60 Fortune 1000 public companies shows that CIOs are now ready for major IT investments to help bring their companies to compliance.

Misys Wholesale Banking Systems and S1 Corporation, a supplier of front-end solutions for financial institutions, have shaken hands on a five-year distribution agreement. Misys has the distribution rights to the S1 corporate banking, personal banking and trade finance applications on the S1 Enterprise Platform, and will distribute S1's Enterprise retail, cash management and trade finance solutions through the EMEA region and Asia.

The SEC has approved new requirements for 8-K filings, the Exchange Act form used by public companies to disclose important corporate events on a current basis.