Whether you are a start-up company or a company listed on the TSX, TSX Venture or the CSE, there is no question that having a Chief Financial Officer (CFO) is essential and required. But at what cost? In addition to back-office accounting expenses, retaining a CFO full-time is very expensive. Yes, the in-house CFO will oversee financial reporting, accounting, audit prep, and other financial-related business tasks, but it’s certainly not a full-time job especially for start-ups or pre-revenue companies. In this case, an outsourced CFO solution may be the right option. There are a number of benefits of retaining outsourced
With the implications of COVID-19 dominating everyone’s attention for the last several months, the cyber bandits are on the attack more than they ever have. Corporate IT infrastructures are stretched thin, with resources over-taxed as companies take the necessary steps to adapt to the reality of a remote working environment. Intrusion attempts will continue to increase exponentially as both amateur and professional hackers exploit the weaknesses created by the rapid expansion of network infrastructure and diminished oversight. More than perhaps ever before, proactive network security its critical to a firm’s very existence. Traditional prevention and detection protocols employed may not
With ever-evolving regulations and listing requirements for Canadian publicly-traded companies, the role of the corporate secretary is indispensable. The view that a corporate secretary is just a ‘minute-taker’ and a ‘corporate book custodian’ has definitely changed over the years. Officers and directors of public companies are heavily relying on corporate secretaries to ensure that good corporate governance and best practices are implemented and aligned with the current regulations. The corporate secretary, or what we like to joke about internally as the “consigliere to the Chairman”, ensures that a company’s board follows proper procedures in advance, during and post-board meetings. It