Day Three, Tuesday, June 25, 2019
7:45 am - 8:30 am Breakfast
8:35 am - 8:45 am Thoughtexchange Market Question
What are some things organizations must do more of to
transform and remain competitive?
8:45 am - 9:25 am Women in the C-Suite
In the past decade we have seen a greater prevalence of gender diversity in executive positions. While this has been a fantastic start, it needs to be taken further. A study by the IMF found that women comprise less than 20% of executive board members at financial institutions. In addition, a study by Cision PR found that 77% of American C-Suite Executives admit they have a diversity problem and yet many aren’t sure how to remedy this. By starting a discussion and acting on this issue we can help create a push to be more inclusive in the C-suite. Including diversified perspectives helps us learn and grow as business leaders as we absorb new ideas and viewpoints to enhance our overall schema.
9:25 am - 9:55 am Curbing the Costs and Decreasing the Impact of a Cyber Security Attack
Audit, risk, compliance, data, and privacy are all components of proactive security leadership. Leadership needs to be in the forefront - translating and communicating risk in a way that resonates with the business stakeholders. Security needs to be seen as adding value not just meeting compliance requirements. As the world turns evermore digital, proactive attempts to thwart these attacks must be made. By discussing in depth advanced levels of security and new technologies associated with protecting assets, businesses can learn the cutting edge ways in which to secure and prevent future attacks from occurring.
In a poll conducted, 66% of CFOs said Cyber Security issues were going to be at the forefront of concerns over the next 12-24 months. Being proactive in these issues helps ensures that companies stay ahead of the curve. By creating a proactive security culture, businesses can know that they are up to date on the newest technology and techniques to minimize the effect of a breach.
•Enacting proactive internal and external security measures
•Right-sizing risk to match corporate priorities
•Translating and communicating risk that resonates with stakeholders
9:55 am - 10:25 am Business Meeting / Networking Break
10:25 am - 10:55 am Business Meeting / Networking Break
10:55 am - 11:55 am Practitioner Led Teach Back
Earlier in the exchange, you had the opportunity to choose a critical topic area as identified by the Thoughtexchange tool. Smaller groups were formed to develop an action plan for improvement. During this session, attendees will have the ability to continue the discussion and receive a report from each group, detailing their specific action plans and next steps.
11:55 am - 12:30 pm Thriving Through Rapid Change
Along with technology, the role of the CFO and finance office continues to evolve. This includes developing needed technical skills, understanding how the way finance works is changing and the changing requirements of the role. At this Exchange we have covered ways trade, technology and talent are changing the CFO’s role-- This session will cover moving forward action plans:
- Developing and thriving in the digital world
- Communicating evolving board-level responsibilities
- Adapting to changes in corporate structure