Managing unexpected changes to financial forecasts and adapting finance processes to rapidly evolving business models are top challenges finance executives face in executing their day to-day activities.įinance executives are also concerned with identifying how to align strategic, financial and operational plans towards common objectives and meaningfully analysing data across business units and regions. Managing unexpected changes to financial forecasts and adapting finance processes to rapidly evolving business models are top of mind. Others may be unexpected: a major disruption to supply-chain operations, the emergence of new regulation and legal reporting requirements or the unpredictable impacts of global economic uncertainty.Įither way, when asked about the biggest challenges they face in executing their day-to-day activities, change is a recurring theme, according to a new survey of 800 CFOs and senior finance executives, conducted by The Economist Intelligence Unit. Some changes are planned: launching a new product or service, setting up operations in a new region or acquiring a competitor. A key element of this is helping the business to deal with change. We hope the 2022 report cards will reflect significant progress – and no major backsliding.It is well established that the modern CFO has a more strategic role to play in a business, but a clear action plan to achieve this is lacking. The report cards are based on 2020 baseline data and will be updated during the year of action to reflect advances over the coming year, culminating in a 2022 report at the end of the Summit process. Fortunately, the Summit for Democracy signals the start of a year of action, during which all states will have an opportunity to demonstrate progress in advancing the human rights and democratic participation of their LGBTQI citizens. Many states score poorly, especially in the second dimension on protection from violence. Only one state – Malta – has achieved all benchmarks. Countries are graded on three dimensions: Basic Rights, Protection from Violence, and Socio-economic rights. They set the collective standard for participating states’ core legal obligations and consequently the ability of LGBTQI citizens to contribute to and benefit from democratic institutions. The report cards provide a concise measurement of the attainment of core human rights protections for LGBTQI individuals. These themes of the Summit are also themes of LGBTQI movements around the world. Advancing rights for the protection of LGBTQI people is also closely correlated to broader democratic dividends, including efforts to address democratic backsliding, fight corruption, and build resilient movements to fight authoritarianism. Indeed, democracy itself cannot thrive unless the human rights of all people are protected, and this must include protections for often marginalized LGBTQI individuals. Inclusive democracies value the democratic, economic, and social contributions of all citizens. The LGBTQI Human Rights Report Cards, produced in collaboration with F&M Global Barometers, measure the extent to which countries attending the Summit protect the human rights of lesbian, gay, bisexual, transgender, queer, and intersex (LGBTQI) people. Decem– The Biden Administration is hosting a Summit for Democracy this week and the Council for Global Equality scored the 110 countries that have been invited.
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