| | DECEMBER 20214 In the aftermath of the catastrophic effects of the COVID-19 pandemic, the role of a CFO, however, has changed more vigorously. With the decreasing budgets, and the need for cost cutting and optimization, and the pandemic adjoining a huge amount of pressure on CFOs, especially newly appointed CFOs, they need to comprehend the fact that the skill sets and traits required to navigate through the organizational challenges have changed dramatically over the past year alone; not to mention the constant change in market behavior. The financial department in every organization has now emerged as one of the most important pillars alongside the technology division, enabling business continuity during these tough times caused by the COVID-19 pandemic. With the change in mindset of organizations towards digital transformation, the new work from norms, and supply chain challenges, the CFOs are required to work closely with the technology departments, assess the changes required in financial strategies, before planning anything ahead. While this poses enormous challenges, the women CFOs has an additional layer of challenges with the conventional mindset of the industry. But they need to see past this, as the current environment presents an amazing opportunity for CFOs to play a pivotal role in the organization and contribute directly to its growth. The skills with respect to emotional intelligence and communication skills will guide them further forward. Through this issue of CEO Insights, we endeavor to elucidate the stories of some of the successful modern day Women CFOs. Do let us know your thoughts.Sujith VasudevanManaging Editordeepshikha@thehighereducationreview.comA Mixed Bag of Opportunities & Challenges Vol 03 · Issue 12 ·December 2021 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan EditorialKeerthana Kantharaj Sthitaprajnya PanigrahiTanuja Akkannavar Deepawali DuttaAveek Pal Chaudhuri Ananth V Lakshmi G Group Art DirectorAshok KumarNoida Rohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comTo subscribeVisit www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comCover price is Rs.150 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technolo-gies India Pvt. Ltd. and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2021 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Design Suanya Chakraborty Rajesh RBVP - Sales & Marketing Amrit SinghCirculation Manager Magendran PerumalEditorialOnce a company signs its first contract or the first patent, emerging businesses tend to encounter complex or specialized legal issues. Budding business COOs, CFOs and CEOs turn their attention to developing a legal risk management strategy, and it's easy to see why. There are lots of tricky legal issues that growing businesses have to contend with, such as such as employment contracts, complex relationships with large enterprises, stock issuance, and other securities issues.Businesses engage legal counsel to reduce the risks to the business. Some executives respond to these legal challenges by hiring in-house counsel or they have a general counsel on staff and some even go for outsourcing everything to a law firm.Inadvertent non-compliance with laws and regulations can create significant financial liabilities for companies in the form of penalties, or damages to others. Without detailed understanding of the rules affecting a business or industry, strategic flaws in business models can lead to loss of market-share, or unanticipated increased expenses affecting long-term profitability. Contracts, leases, and other commercial transactions commit the business to obligations in exchange for value, and if these are not properly vetted then they can result in surprise obligations or loss of deal benefits. All these things, and more, drive businesses to engage the expertise of legal counsel to avert risks.It is often argued that leadership and judgment are innate. However, the attributes that most companies look for in the general counsel position are a combination of both instinctive and learned, and qualities that people regard as innate can often be developed with practice. In the current edition of CEO Insights Magazine, we bring to you `Top 10 General Counsel - 2021', who are not just leaders but also visionaries. These experts continuously strive to contribute towards the development of the firm by taking the right decisions at right time. We are proud to feature some of their success stories in our current edition; do read to know more about them.Let us know what you think!Sujith VasudevanManaging Editordeepshikha@thehighereducationreview.comIt's Transition TimeEditorialUPCOMING ISSUES40 UNDER 40 CEOSCEOS IN RUSSIACHIEF GROWTH OFFICEROnce a company signs its first contract or the first patent, emerging businesses tend to encounter complex or specialized legal issues. Budding business COOs, CFOs and CEOs turn their attention to developing a legal risk management strategy, and it's easy to see why. There are lots of tricky legal issues that growing businesses have to contend with, such as such as employment contracts, complex relationships with large enterprises, stock issuance, and other securities issues.Businesses engage legal counsel to reduce the risks to the business. Some executives respond to these legal challenges by hiring in-house counsel or they have a general counsel on staff and some even go for outsourcing everything to a law firm.Inadvertent non-compliance with laws and regulations can create significant financial liabilities for companies in the form of penalties, or damages to others. Without detailed understanding of the rules affecting a business or industry, strategic flaws in business models can lead to loss of market-share, or unanticipated increased expenses affecting long-term profitability. Contracts, leases, and other commercial transactions commit the business to obligations in exchange for value, and if these are not properly vetted then they can result in surprise obligations or loss of deal benefits. All these things, and more, drive businesses to engage the expertise of legal counsel to avert risks.It is often argued that leadership and judgment are innate. However, the attributes that most companies look for in the general counsel position are a combination of both instinctive and learned, and qualities that people regard as innate can often be developed with practice. In the current edition of CEO Insights Magazine, we bring to you `Top 10 General Counsel - 2021', who are not just leaders but also visionaries. These experts continuously strive to contribute towards the development of the firm by taking the right decisions at right time. We are proud to feature some of their success stories in our current edition; do read to know more about them.Let us know what you think!Deepshikha SinghManaging Editordeepshikha@thehighereducationreview.comEditorialGeneral Counsel to Steer your Business through Legal Challenges AMRIT GENERALUPCOMING ISSUESBUSINESS LEADERS IN PUNJAB CHIEF FINANCIAL OFFICER
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