CFO Insider is a daily newsletter from Business Insider that delivers the top news and commentary for chief financial officers and other finance experts.
New finance rules will keep CFOs busy in 2016 (The Wall Street Journal)
Regulation changes in the US and overseas are expected to keep CFOs busy next year, forcing them to make sure their departments are “nimble to cope with the next wave of compliance demands,” The Wall Street Journal reports.
Among the four biggest areas of concern are revenue recognition, lease accounting, insurance contracts, and corporate tax planning.
“The year is wrapping up with a long list of unsettled issues that will present challenges for corporate tax planning,” according to The Journal. “Under congressional review are new proposals on tax base erosion and profit shifting, or BEPS, that have been submitted by the Organisation for Economic Cooperation and Development.”
Dell’s CMO explains why men need to step up at work to reduce gender bias (Business Insider)
Dell CMO Karen Quintos believes men in the workforce can and should help drive diversity changes at their companies.
“Men need to play a significant role in creating a culture where women think they can succeed,” Quintos tells Business Insider. “They need to be brave to call out bad behaviour and have the courage to point to those things that just don’t make sense.”
She also says having a sponsor is an important part of women getting ahead at their companies.
“You need to have an advocate that is in a position of influence so when jobs are being discussed, key roles are being negotiated, and key individuals are being put on a list to be considered for future roles, they are in those discussions and advocating on your behalf,” she explains.
Neuroscientists explain why control freaks are ineffective leaders (The Fast Track)
Being a micromanager could be hurting productivity and alienating your employees.
The Fast Track gathered a group of studies from neuroscientists to show how dominant figures are perceived negatively and to explain why employees respond better to collaborative environments.
“If a manager speaks in a dismissive and controlling way, employees automatically resist what they’re saying,” The Fast Track explains. “As John Zenger and Amy Cuddy have shown in their research, most managers unthinkingly emphasise their strength, competence, and credentials at work, which doesn’t emotionally engage their staff.”
“Human beings are moved to pay attention to caring communication. We fear ambiguity and seek certainty.”
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