Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /homepages/42/d616108096/htdocs/elisaturullols/wp-includes/pomo/plural-forms.php on line 210

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /homepages/42/d616108096/htdocs/elisaturullols/wp-content/plugins/jetpack/_inc/lib/class.media-summary.php on line 77

Warning: "continue" targeting switch is equivalent to "break". Did you mean to use "continue 2"? in /homepages/42/d616108096/htdocs/elisaturullols/wp-content/plugins/jetpack/_inc/lib/class.media-summary.php on line 87
Elisa Turullols - Elisa Turullols Ambassador of Assurance
Warning: A non-numeric value encountered in /homepages/42/d616108096/htdocs/elisaturullols/wp-content/themes/Divi/functions.php on line 5763
Elisa Turullols Ambassador of Assurance

Elisa Turullols

Ambassador of Assurance

 Integrity  

Professionalism  

Humanity 

 

 Business Partner, Corporate Governance and Finance Senior Executive with over 20 years experience at Board level and internationally gained in Deloitte, blue chip and PE backed companies.

Welcome to my blog

“Welcome to my blog. The idea of this blog started when I was looking for a forum where I could share all my views and opinions about the ever-increasing and never-ending shocking events in the corporate and business world that makes us question the reliance placed in the information received.

This blog aims to welcome discussions, opinions, points of view, suggestions, recommendations in an environment where a spade is called a spade.

Through my experience I have helped highlight significant issues and implement solutions to mitigate their impact. This experience has constantly demonstrated that hiding the issue under the carpet is the worst decision. Once there it can only grow until it explodes in front of everybody’s noses.

Is there a solution to this? Yes, there is, at least, a solution for every single issue. It may require some effort but there is a solution.”

Elisa Turullols.

María Elisa Turullols

It is easier to benefit shareholders by doing good and right

The top ten customers totalling some 40% of the revenue did not have a contract, neither any basic terms and conditions and the prices in the system were input based on what the SVP sales said….troubled waters, fisherman’s gain.
Some people believe that shareholders do not care what happens internally in the company provided they get benefits. Volkswagen shareholders are not thinking the same. The share price fell 46% at the onset of the scandal and nearly a year later has only recovered a 20%
Once the contracts were in place…..Prices were updated in the system so invoices were accurate and there were no delays in their payment. This boosted the cash flow and ultimately benefited shareholders. Operations could plan in advance the service and quality levels required for these customers, so they were able to respond efficiently. This meant no more extra hours, no more bottlenecks or emergencies in operations. This ultimately benefited shareholders.

There are still some people that believe there is nothing wrong with no having any contracts in place. Maybe because they are the only fishermen?

read more

Breakfast with Angeline

they are going to send all the money to one of the PA’s personal bank account, for her to take the money in cash from her bank account and bring it to the office to put it in the red envelopes.
We are giving one employee an additional full bonus, and then we expect that this person will take all that money in cash to do what? I do not think this is something so small, it sounds so dodgy that it can be perceived as something illegal, even if this money is fully used on the red envelopes, Caesar’s wife principle should apply.an email should be sent by the CEO, informing all employees, that they will get a red envelope the following day.
With all this, we have evidence of the payment approved by the CEO, the money been retrieved from the company bank by a person with legal powers to do so in presence of HR and another email informing the employees about the red envelope
The lesson from this real example is that, even a good gesture can be completely undermined and bring a company into trouble, if the way of doing it looks suspicious and dodgy. Since the recent bribery and corruption scandals (e.g.: GSK China, FIFA, etc) companies should pay more attention to cash payments. Doing the right thing in the right way it may take some effort. In this real experience this involved drafting official emails, the Finance Director appointment with the company bank, etc. This effort should be compared to the effort deployed explaining cash payments without much evidence on top of any reputational impact (regardless of whether the cash payment was for valid reasons or not).
how it would look like if it was to appear in a global newspaper and you had to provide an explanation to the media. I am still trying to find ways to explain the sizeable payment to the PA’s personal bank account for her to retrieve the money in cash….

read more

Strategy execution problems

It is critical that the set of activities decided to execute the strategy take the company in a consistent direction.I agree that when the senior executives have stretched profit targets compatibility problems appear in areas involving costs (e.g.: maintenance). If the company is one whose assets are key to deliver the activity (e.g.: airlines, car rental, lifts rental…) there will clearly be a compatibility problem between the senior executives targets on profits and the company’s activity via its assets. By establishing short-term performance measures that are not linked to value creation (increasing profits does not necessarily means creating value) the ground for compatibility problems is set.senior executives focus on short-term measures to get their bonuses. Complacency and lack of ethics are at the very bottom of many scandals and compatibility problems. I hope that Mrs May words (“get tough on irresponsible behaviour in big business” do end up in clear actions.

read more
Página 3 de 712345...Última »

Through my experience I have helped highlight significant issues and implement solutions to mitigate their impact. This experience has constantly demonstrated that hiding the issue under the carpet is the worst decision. Once there it can only grow until it explodes in front of everybody’s noses.

Subscribe to my newsletter

Join my mailing list to receive news and updates on subjects and themes I am working on.

Thank you for your subscription

Cookies

This site uses cookies for you to have the best user experience. If you continue to browse you are consenting to the acceptance of our cookie policy, Click on the link for more information.

ACEPTAR
Aviso de cookies