Ambassador of Assurance
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.”
That was clearly the thought of the Regional Finance Director when he sent me an email stating that the Commercial policy did not say anything in relation to the level of approval required for discounts higher than 30%. As proof of his statement he attached the policy.
What could have been perceived as a proof of the sincerity of his statement was his perdition. I read the policy, and it clearly stated that discounts higher than 30% had to be approved by the SVP of Sales for Europe and the President Europe. I had a few examples where this requirement had not been met.read more