The acceleration of technological innovations and the challenges associated with adapting to them seem to point toward a tumultuous future. That future appears to be approaching faster than ever. Companies are finding it harder to maintain their positions in industries that are increasingly subject to disruption. And while investors may not be able...
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The speakers in this 2011 FOX Fall Forum session examine different approaches for compensating key staff members, with an emphasis on long-term, deferred structures.Two compensation design experts define options for family offices, discussing:Typical compensation components.Base compensation practices.Annual incentive and bonus practices.Long-term ...
The 5th edition of the Social Divide index reveals that FTSE 100 companies are sharing more and better financial results-related posts on social media, assembling the right mix of social ingredients to achieve significantly higher levels of engagement than ever before. Indeed, in a clear indication of increasing stakeholder appetite for receiving r...
Staff recruitment, hiring and retention are challenging and diffi cult processes for any employer. When this task is assumed by a family, many of the standard issues raised are magnifi ed because of the family's limited experience in this job capacity. When you take on the role of employer, risk management changes in many ways. Despite the conc...
Flash drives and laptops may pose a threat to company security as employees take confidential information outside the office, according to a survey from Tower Software. The U.K.-based company found that 55 percent of surveyed employees store work-related e-mails, files and documents in locations other than a secure, shared computer network.
Although the recent focus has been on public companies and the new requirement to obtain an independent opinion on internal control over financial reporting, this requirement has also brought to the forefront the importance of internal controls at nonpublic entities. Although not less important, internal controls for small companies and family off...
In order to increase the bottom line of a family office, one of the key econometrics is understanding the relationship between the fee charged and the costs associated with each client. Understanding the fees charged to a client is usually well known based on invoices sent to the client. However, without a corresponding knowledge of the costs per c...
At a time when some businesses are struggling simply to stay afloat, warnings over the dangers of inappropriate usage of business e-mail might seem misplaced. However, this remains a risk that can often be poorly managed and that could cause disproportionate damage to an already fragile corporate.
A limited liability company may seem like the best way to structure private aircraft ownership, organizing finances while shielding other assets from liability, but think again, says Gary Horowitz of Wiley Rein. Using an LLC can lead to a huge tax liability, potential fines by the Federal Aviation Administration and increased personal liability. Th...
Two notices from Withers Worldwide discuss changes to U.S. tax rules in the deferred remuneration area that take effect on 1 January 2009. These rules (found in Sections 409A and 457A of the U.S. tax code) target deferred payments that do not satisfy complex technical requirements, imposing a compliance burden on non-U.S. as well as U.S. employers....
Online criminals are working through legitimate sites to place spyware or other malicious programs on the computers of ordinary users, according to Trends in Badware 2007, a report by StopBadware. Criminals can access users' private information through links and software placed on these sites. The report outlines current practices, lists compromise...
China has become a prime source of malicious computer activity, according to Finjan, a California-based provider of Web security solutions. In its December monthly report, Finjan shows the network of connections between Chinese-based servers and how hackers use it to launch spyware attacks from legitimate, even government, Web sites in Western coun...
Wealth management firms and banks must transform their client reporting systems to satisfy investment and web-savvy clients. That's according to a report on next-generation wealth management from Actuate Corp. and IBM Corp. The report examines the growth of the market and outlines some of the challenges confronting wealth managers.
Following the sale of the family business, family members face the decision of whether to pool the sale proceeds and thereby continue as a family investment enterprise. There are many important and very complex tax, legal, financial, operational and accounting issues to consider, but successful implementation of such an enterprise can help family m...
The client/manager relationship can develop into a very personalized helping process. However, few managers are adept at directing their clients to use other, more appropriate resources or know how to divert or avoid personal topics with clients. The result is ineffective help for clients and personal and financial cost to families and family offic...