HOW
COOL IS CASH? Very,
is the resounding cry from many Asian CFOs who are sitting
on mountains of the stuff. The problem with hoarding money
for a rainy day is that it gives investors the cold shoulder
and destroys shareholder value. Carrying cash also comes
at a price. read
the entire story
FEATURE
LIP
SERVICE Backsliding on corporate governance
issues is a long-established habit in many Asian countries.
Results of a survey by the Association of Certified Chartered
Accountants have given little hope for progress, except in
China where CFOs have made the strongest connection between
finance and best practice.
FEATURE
DEALS OF THE YEAR
- ALTERED STATES Seize the
day was the mantra of Asia's companies this year. Unfazed by
the crippling financial climate, they grasped the opportunity
to transform their businesses with innovative deals. CFO Asia
chooses the top ten deals for 2002.
TECH REPORT: CRM ROLLOUTS
BACK
TO THE DRAWING BOARD The concept of customer relationship
management software is simple: treat customers well and they'll
be loyal. There's only one hitch - getting a CRM system right
first time is almost impossible.
INSURANCE
COVER
ME The corporate accounting
scandals in the US have highlighted CFOs' liability in shareholder
suits. But D&O premiums are soaring even as executives are
being asked to retain far more risk. And there are even darker
clouds on the horizon.
MONEYWATCH
LIFE
AFTER DEATH The South Korean government's wiping
out of the non-performing loans problem during the Asian crisis
has led many other Asian governments to take heed of its solution:
the introduction of a new capital market based on securitization.
TECHWATCH
IS EVERYBODY HAPPY? Workplace performance applications
can save money but returns are difficult to tack down
BMW goes low-resolution to boost high-yield web sales.
eCFO SPECIAL SUPPLEMENT
RETREAT AND RECOVER Some of Asia’s biggest multinational
companies are setting up disaster recovery centers in exotic
locales, making plans to ensure continuity in the event of
an emergency. This isn’t just a kneejerk reaction to
September 11. IT vendors have long highlighted the dangers
inherent in not having a solid disaster recovery plan to fall
back on. Their clients have taken the advice seriously, with
most CFOs now committed to the best and most cost-effective
methods of mitigating against a crisis.
TWO SIDES GO TO
WAR It’s all systems go in the
great 3G saga. Or it should be. The problem is that operators
must choose between two technology standards - the costly,
risky but European-preferred W-CDMA, or its profitable, practical
twin, CDMA2000.
A TERRIBLE THING
TO WASTE Companies have billions of dollars
worth of software - and software licenses - lying idle. Yet
a survey has found that CFOs are hardly aware of their unused
“shelfware”.