According to the Association of Financial Professionals (AFP), this year’s national conference was the largest AFP event in its 15 years, attracting more than 6,200 attendees to the fine city of Chicago. In addition to the record attendance, a wealth of new ideas and best practices were shared, arming practitioners with new treasury perspectives to employ the moment they return to the office.
On Friday 29 March 2019, the UK will formally leave the European Union (EU). Although a transition period should apply from that date until Thursday 31 December 2020, it is not yet clear what the UK’s relationship with the EU will look like after that, especially as a trade deal between the two has not been agreed. The uncertainty is causing concern for UK corporates who are forecasting hypothetical scenarios. In fact, it is possible that there will be no transition period at all, if a withdrawal agreement has not been signed by the date of the UK’s departure.
During my years as a CFO, I would share this formula with my team: NP + E ≠ P. Spelled out, it means non-performance plus an excuse do not equal performance. I let my team know it fell under E to discuss their reasons for failure to deliver on commitments.