Treasury & Risk magazine May 2008
Cover Story
After the Storm
While the threat of subprime mortgage litigation hovers over the financial services industry, potentially hitting insurers that provide directors & officers liability coverage, many companies are finding surprising softness when it comes to time to renew their D&O policies
Features
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New Challenges Shape Pay Levels
Fearing proxy statement exposure, some companies are rejiggering compensation
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Crunch Time for Treasury Financing
Even companies that aren't forced to go to the markets (or their bankers) for new credit lines need to pay close attention to basic treasury management issues when markets are tough
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Fixing a Broken Model
What will it take for regulators to take rating agency reform seriously? The last round of reforms did little to protect investors against the subprime mortgage meltdown and now the cries for change are growing louder
Surveys
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2008 Risk Management Survey
You would think the ongoing weakness in the credit markets would have hit the insurance market that risk managers face. So far, the market continues on the soft side and that has helped keep the mood positive
Washington Update
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Accounting for Accountants
Financial Executives International (FEI) is urging the U.S. Department of Treasury to require U.S. auditing firms, like their European counterparts, to issue online transparency reports detailing important financial information and governance policies
News Briefs
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Restatement Redux
While the number of corporate restatements soared in 2006, only a small percentage for fraud
Governance & Accounting
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Rules of Engagement
Decoding the 25,000 pages of FASB rulings is not a task for the faint of heart. But plans to distill the information into a single-source Web-based document should make the job a lot easier
Retirement & Benefits
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Anemic CDHP Enrollment
Consumer-driven health plans offer companies the promise of dramatic savings on insurance costs, but only if enrollment grows. Otherwise, they could remain a niche product
Risk Management
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Cross-Border Data Patrol
Multinationals need to replace their fragmented policies and legacy systems with ultra-safe, ultra-sophisticated and ultra-standardized platforms and practices
Tools & Technology
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Bringing Out the Quant in All of Us
RiskMetrics is bringing risk management to the masses. With the latest upgrade of RiskManager, you no longer have to be one of the best and the brightest to model investment probabilities
Treasury Management
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Playing it Safer
Following the auction rate securities debacle, treasurers are rethinking strategies to avoid the next investment fiasco
Careers
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Careers
Cummins Inc., the $13 billion engine manufacturer based in Columbus, Ind., promoted Patrick J. Ward to CFO from vice president and engine business controller, replacing Jean Blackwell
Profile
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Leading by Example
Accenture's Craig is a CFO-and mentor. She can't imagine doing one without the other
Editor's Desk
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What a difference a year can make
Our cover story on D&O insurance trends gives a detailed account of the surprising softness in much of that market, which has managed to hold up against renewed threats of subprime lawsuits













