The CFO as the Company’s Conscience

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Presentation transcript:

The CFO as the Company’s Conscience CFO Forum, Eilat 2014 David Rothstein- CFO ה- CFO כ"מצפון" של הארגון The CFO as the Company’s Conscience

AIG INC. - KEY FACTS & FIGURES 52,000+ Families that AIG helped stay in their homes in 2012 $65.7 Billion AIG’s revenues in 2012 $27.6 Billion Claims paid by AIG Property Casualty in 2012 18 Million Americans who AIG helps plan for retirement 98% Percent of Fortune 500 companies AIG serves $ 6.7 Million Donations made by AIG’s Matching Grants Program to match employees’ gifts to charitable organizations in 2012 AIG Global Network $182.3 billion Maximum authorized U.S. government support to AIG during the height of the financial crisis $205 billion Total amount returned to America by December 14, 2012, through asset sales and other actions by AIG, the Federal Reserve, and Treasury $22.7 billion Positive return realized on America’s investment in AIG Countries where AIG products are sold

AIG ISRAEL- Main Financial Data (ILS m) All amounts in Millions ILS Premiums (ILS m) Net Profit (ILS m)

The CFO as the Company’s Conscience הפעם הראשונה שנתקלתי בביטוי – לפני 12 שנה- הנחיות ב-AIG ל-CFO במדינות בקשר לאישור הוצאות מנכ"ל המילה "מצפון" הגדרה: מצפון הוא חוש מוסרי המבחין בין טוב ורע.מרכיב של נפש האדם המנחה אותו בתחום המוסר: מוביל לתחושות, רגשות או חרטה, המדריכים את האדם או מייסרים אותו, בנוגע לפעולות, מעשים או חוסר מעשים, המנוגדים לתפיסת צווי ההתנהגות המוסרית כפי שהם נתפסים על ידי האדם, או עולים אתם בקנה אחד. Conscience - Conscience is a moral sense that assists in distinguishing right from wrong- from Latin conscientia (“knowledge within oneself") ציטטות Conscience is a man's compass - Vincent Van Gogh Never do anything against conscience even if the State demands it - Albert Einstein There is a higher court than courts of justice and that is the court of conscience, it supersedes all other courts - Mahatma Gandhi In matters of conscience the law of the majority has no place - Mahatma Gandhi The safest course is to do nothing against one's conscience. With this secret we can enjoy life and have no fear from death - Voltaire מ צ פ ן מ צ פ ו ן

ממשקים עיקריים של ה-CFO דוחות תקופתיים ציבור המשקיעים דירקטוריון וועדותיו אישור הוצאות ישירות רגולאטור CFO מנכ"ל עובדים הנהלה אישור הוצאות "שומר הסף" דוגמא אישית

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