Presentation is loading. Please wait.

Presentation is loading. Please wait.

The CFO as the Company’s Conscience

Published byWilfred Scott Modified over 6 years ago

Similar presentations

Presentation on theme: "The CFO as the Company’s Conscience"— Presentation transcript:

1 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

2 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

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

4 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

5 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

6 תודה

Download ppt "The CFO as the Company’s Conscience"

Similar presentations

Take Charge of Your Finances Course Introduction Trivia “Take Charge of Your Finances” Advanced Level.

Take Charge of Your Finances Course Introduction Trivia “Take Charge of Your Finances” Advanced Level.
Chapter 16 – Financing Government By: Jason Winchell, Brock Pfingsten, Rasy Nhol, Mikhaela Creekmore.

Chapter 16 – Financing Government By: Jason Winchell, Brock Pfingsten, Rasy Nhol, Mikhaela Creekmore.
Balance of Payments Where New Zealand's international transactions are summarised International transactions include the value of – Inflows and outflows.

Balance of Payments Where New Zealand's international transactions are summarised International transactions include the value of – Inflows and outflows.
Merck and River Blindness

Merck and River Blindness
Topic 5. The Crisis of 2008. 1. Securitization, plus … 2. Huge World Capital Surplus produced … The Shadow Banking System.

Topic 5. The Crisis of Securitization, plus … 2. Huge World Capital Surplus produced … The Shadow Banking System.
An Overview of the Financial System chapter 2. Function of Financial Markets Lenders-Savers (+) Households Firms Government Foreigners Financial Markets.

An Overview of the Financial System chapter 2. Function of Financial Markets Lenders-Savers (+) Households Firms Government Foreigners Financial Markets.
1 A Progressive System of Mark-to-Market Taxation President’s Advisory Panel on Federal Tax Reform May 11, 2005 David S. Miller.

1 A Progressive System of Mark-to-Market Taxation President’s Advisory Panel on Federal Tax Reform May 11, 2005 David S. Miller.
Executive Summary Nokia's net sales in 2003 decreased by 2% compared with 2002 and totaled EUR 29 455 million (EUR 30 016 million in 2002). Operating.

Executive Summary Nokia's net sales in 2003 decreased by 2% compared with 2002 and totaled EUR million (EUR million in 2002). Operating.
Chapter 05 Itemized Deductions “A person should be taxed according to his means” --The Talmud Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights.

Chapter 05 Itemized Deductions “A person should be taxed according to his means” --The Talmud Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights.
McGraw-Hill/Irwin © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. 1-1 McGraw-Hill/Irwin © 2008 The McGraw-Hill Companies, Inc., All Rights.

McGraw-Hill/Irwin © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. 1-1 McGraw-Hill/Irwin © 2008 The McGraw-Hill Companies, Inc., All Rights.
Saving, Investment, and the Financial System

Saving, Investment, and the Financial System
© 2003 The McGraw-Hill Companies, Inc. All rights reserved. Net Present Value and Other Investment Criteria Chapter Nine.

© 2003 The McGraw-Hill Companies, Inc. All rights reserved. Net Present Value and Other Investment Criteria Chapter Nine.
McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 06 Individual Deductions.

McGraw-Hill/Irwin Copyright © 2012 by The McGraw-Hill Companies, Inc. All rights reserved. Chapter 06 Individual Deductions.
Income Tax Base and Rates Anderson: Income and Payroll Taxes.

Income Tax Base and Rates Anderson: Income and Payroll Taxes.
DENSO in Figures –Consolidated (DENSO Group). DENSO Corporation Established: Dec. 16, 1949 Capital: US$1.6 billion Net Sales: US$35.9 billion Net Income:

DENSO in Figures –Consolidated (DENSO Group). DENSO Corporation Established: Dec. 16, 1949 Capital: US$1.6 billion Net Sales: US$35.9 billion Net Income:
Completing the Operating Cycle Completing the Operating Cycle C H A P T E R 8.

Completing the Operating Cycle Completing the Operating Cycle C H A P T E R 8.
CREDIT DEFAULT SWAPS An Example. A Pension Fund Investment A Pension Fund has $1 billion to invest An option is to lend the money to a bank, investment.

CREDIT DEFAULT SWAPS An Example. A Pension Fund Investment A Pension Fund has $1 billion to invest An option is to lend the money to a bank, investment.
Chapter 13 Nonbank Finance. © 2013 Pearson Education, Inc. All rights reserved.13-2 Insurance Life insurance –Permanent (whole, universal, and variable)

Chapter 13 Nonbank Finance. © 2013 Pearson Education, Inc. All rights reserved.13-2 Insurance Life insurance –Permanent (whole, universal, and variable)
©2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publically accessible website, in whole or in part.

©2014 Cengage Learning. All Rights Reserved. May not be scanned, copied or duplicated, or posted to a publically accessible website, in whole or in part.
Taxes and Public Policy. Role of Government Provide society with a set of public goods and services. Provide society with a set of public goods and services.

Taxes and Public Policy. Role of Government Provide society with a set of public goods and services. Provide society with a set of public goods and services.

Similar presentations

Ads by Google