EY’s Myles Corson is joined by Leslie Seidman, chair of the recent Pacesetters in Financial Reporting Conference and Executive Director of the Center for Excellence in Financial Reporting at the Lubin School of Business, for a discussion exploring enhancing financial reporting practices in a time of exceptional change.

The Future of Financial Reporting

The EY Better Finance Podcast explores the changing dynamics of the business world and what it means for finance leaders of today and tomorrow. Hosted by EY’s Myles Corson, this series offers insights from leaders on key topics affecting the world of corporate finance.

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 Brian Tomlinson, EY Managing Director, ESG, Financial Accounting Advisory Services welcomes Evan Tylenda, Head of EMEA GS Sustain at Goldman Sachs and Nadia Humphreys, Head of Sustainable Finance Data Solutions at Bloomberg for an in-depth discussion on the EU Sustainable Taxonomy. The trio delves into how the taxonomy aims to standardize what constitutes “green” economic activities, its role in combating greenwashing, and how it influences a company's transition to sustainable practices.  They share insights from the first two years of reporting under the taxonomy, highlighting its increasing adoption beyond the mandated European companies and its potential to become a market standard for defining “green” funds. With the incoming expansion of the taxonomy to include four other environmental objectives, they discuss the implications for different sectors and the anticipated shift in the sustainable finance landscape.  Finally, they offer advice on leveraging the taxonomy to create a sustainability baseline, embracing voluntary reporting and maintaining transparency, which benefits companies and investors committed to understanding their green footprint and navigating the sustainable finance landscape. The views and opinions expressed are those of the individuals and do not reflect the official policy or position of EY or any other organization. © 2024 Ernst & Young Global Limited

Why the EU Taxonomy could be a game-changer for green investments

In this episode, Lululemon executives Meghan Frank, CFO, and Alex Grieve, CAO, engage in a captivating conversation with Myles Corson. Together, they delve into their pivotal roles in driving Lululemon's success, highlighting the significance of sustainability, customer connections, and technological advancements. To kickstart the discussion, Meghan and Alex reflect on their unique experience of sharing the CFO role for a brief period, which ultimately resulted in the development of a strong and mutually beneficial relationship between them. They emphasize how open and transparent communication has played a pivotal role in their successful engagement with investors. By consistently focusing on key themes that investors are genuinely interested in, they have been able to shape their communication strategies accordingly. Recognizing the paramount importance of sustainability, Meghan and Alex proudly view it as an integral part of Lululemon's mission. They prioritize keeping investors well-informed about the company's progress in this domain, and specifically stress the crucial role of accurate reporting, including sustainability reporting. Customer loyalty is another important aspect that Meghan and Alex address during their discussion. They delve into the various programs implemented by Lululemon to nurture and maintain customer satisfaction. Moreover, they emphasize that the very essence of Lululemon's DNA lies in fostering connection and building a strong sense of community among its customers. By prioritizing these foundational principles, Lululemon continues to cultivate and strengthen its customer relationships, reinforcing loyalty and further solidifying its position in the market. The views and opinions expressed are those of the individuals and do not reflect the official policy or position of EY or any other organization. © 2024 Ernst & Young Global Limited

How customer connections, reporting and sustainability drive success

In this episode of The EY Better Finance podcast, we are joined by Deirdre Ryan, Global Finance Transformation Leader, and Andrea Gronenthal, Americas Strategic Tax Transformation Leader from the EY organization, to delve into key findings from the EY Global DNA of the CFO survey. The episode also features insights from two seasoned global executives : Joseph J. Wolk (Joe), the Executive Vice President (EVP) and Chief Financial Officer (CFO) of Johnson & Johnson, and Nick Priday, the CFO of Dentsu Group Inc., who were  interviewed as part of the research. During the discussion, Deirdre and Andrea examine three paradoxes that CFOs confront on a daily basis: balancing short-term and long-term value, navigating the tightrope between safety and boldness, and transitioning from a traditional skill set to assuming a strategic leadership role.  Enjoy this engaging exploration of the challenges and complexities faced by today's CFOs, and the multifaceted role they play in shaping the future of finance. The views and opinions expressed are those of the individuals and do not reflect the official policy or position of EY or any other organization. © 2024 Ernst & Young Global Limited

How CFOs navigate the challenges in Finance today

  In this episode of The EY Better Finance podcast, Jack McCullough president of The CFO Leadership Council,  joins host Myles Corson to explore what makes an elite CFO.  In this episode of The EY Better Finance podcast, Jack and Myles dive into the world of CFOs, exploring the unique qualities that make them successful. Jack highlights that it's not just skills, but also personality traits, that can make an exceptional CFO stand out. Jack shares valuable insights on how to develop these traits and build stronger cross functional relationships.  Jack emphasizes the importance of fostering a culture of transparency where everyone feels comfortable sharing ideas and learning from mistakes. He also explains that as a CFO, it can be crucial to help everyone understands the company's goals and values. In this episode, Jack also stresses the significance of establishing a personal brand as a CFO. This brand reflects one's expertise, reputation, and values within the industry. He discusses the role of a CFO as a storyteller and provides examples on how to create narratives that resonate with specific audiences.  The views and opinions expressed are those of the individuals and do not reflect the official policy or position of EY or any other organization. © 2024 Ernst & Young Global Limited 

What sets exceptional CFOs apart: unlocking the secrets of success

In this episode, host Myles Corson and Phil Shelley, Chairman of doc Stribute, delve into the significance of clear and consistent CFO communication across all business areas. They explore its role in attracting the right shareholders, stakeholders and employees, and highlight the actions taken by successful CFOs to foster effective communication.  The episode underscores the importance of cultivating the right organizational culture to effectively execute a company's mission and vision. Without effectively communicating these goals, CFOs and their organizations risk attracting the wrong investors and talent, especially in a market where prospective employees and shareholders prioritize understanding the culture they will be a part of. The episode also discusses the role of technology in the business world and the need for organizations to strike a balance between maintaining alignment and adopting new technologies into daily employee tasks. They also discuss Mergers and Acquisitions, emphasizing that transparent communication, regarding the acquisition's objectives, can be crucial for smooth transactions of this nature. The views and opinions expressed are those of the individuals and do not reflect the official policy or position of EY or any other organization. © 2024 Ernst & Young Global Limited

The Future of Financial Reporting

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