CFO Studio Magazine with David Chambers, CFO, Jaguar Land Rover NA

EVENTS 40 WWW.CFOSTUDIO.COM 3rd QUARTER 2016 EXECUTIVE DINNER SERIES I n today’s global economy the role of a CFO is more complex than ever before. Successful CFOs must be able to operate in markets all over the world, with different currencies, cultures, time zones, tax structures, and regulations. This was the basis for conversation during a recent World-Class Companies CFO Dinner Series event, entitled, “Challenges, Opportunity, and Driving Growth in a World-Class Enterprise; CFO Optics and Insights.” The evening was hosted by CFO Studio and the discussion leader was Richard Veldran, CFO at business-to-business data provider Dun & Bradstreet. Mr. Veldran manages a global finance team of 450, doing business in more than 200 countries. “The global landscape and the challenges of increased regulations outside the United States were foremost in the thoughts of the CFOs who attended the dinner,” Mr. Veldran said in an interview. Heightened regulatory requirements are having an enormous impact upon the role of the CFO, and Mr. Veldran has a unique vantage point on the challenges companies face complying with myriad new regulations that differ by country. Dun & Bradstreet has compiled the world’s largest commercial database, with information on more than 250 million businesses around the globe. The company supplies some of the largest global organizations with the tools they need to help them manage compliance on a global basis. “Compliance is a new, fast-growing area of our business. With our vast global database and expertise in identity resolution we help companies with compliance regulations from KYC (know your customer) to FCPA to FATCA,” said Mr. Veldran, referring to foreign regulatory and tax compliance. It’s no surprise that in this evolving regulatory environment the relationship between the CFO and the general counsel has taken on added importance. The general counsel is responsible for all aspects of regulatory compliance, and the CFO must manage all risk across the enterprise, including regulatory risk. “CFOs are tighter with the general counsel than ever before,” said Mr. Veldran. “As the regulatory environment has gotten more Being Global Has Its Challenges REGULATORY ISSUES VARY COUNTRY BY COUNTRY ANDRETAININGTALENT REQUIRES FOCUS ANDCREATIVITY Andrea Van Gelder International Director JLL MEETING PARTICIPANTS Lynn Calhoun Chief Financial Officer BDO USA, LLP Ernie Fiorante CFO of the Americas Jones Lang LaSalle Paul Henrys Chief Financial Officer Feeding America Margaret Koenigs Senior Vice President and CFO Federal Reserve Bank of Chicago Ryan Robinson Chief Adminstrative Officer and CFO, Sears Hometown and Outlet Stores Scott Settersten Chief Financial Officer ULTA Beauty Marilyn Bird District President Robert Half Henner Schliebs Finance Expert and Vice President SAP Richard Veldran Chief Financial Officer — Dun & Bradstreet Discussion Leader MEETING PARTICIPANTS BUSINESS DEVELOPMENT PARTNERS BUSINESS DEVELOPMENT PARTNERS