Corporate Finance & Capital Structure
For a copy of any of the sessions listed please contact Chris Banas, Educational Programs Administrator at 301.961.8816.
8:30 a.m. - 9:30 a.m.
Setting up a Robust Compliance System
- With debt agreement/bond compliance getting more scrutiny,
diligence in debt compliance is key, particularly in the SOX
environment. This session will go through a step by step
approach to setting up a robust compliance reporting system in your
- Melody Joy Hart, CTP, CPA, Director -
Creditor Relations, The Goodyear Tire & Rubber Company
Credit Markets and their Impact on Capital
- This session will attempt to highlight one company's recent
(last 15 months) journey through the credit markets including
raising capital for a sizeable acquisition, replacing an accounts
receivable securitization program, executing new interest rate
swaps and the sizeable refinance of bank debt (revolver and term
loans). Overall market trends will be examined by starting with the
credit crisis and its sequential impact on rates, trading levels of
existing debt (bank and bond), availability of credit, along with
other applicable metrics.
- Eric G. Erickson, CTP, Vice President and
Treasurer, SunGard Data Systems Inc.
Inside Washington - Government Relations, Legislative
& Regulatory Update
- With the eyes of the world focused intently on the U.S.
economy, lawmakers and policy makers in Washington are considering
many issues that directly impact treasury and finance. This session
is targeted at treasury and finance professionals who want to learn
more about the current status of important legislative and
regulatory initiatives in Washington. Washington insiders will
brief attendees on the latest events in Washington and engage them
in a discussion of relevant issues impacting our industry.
- Jeanine H. Arnett, Government Relations
Manager, Association for Financial Professionals
- Maureen A. O'Boyle, CCM, Assistant
Treasurer,Shaklee Corporation, Chairman, AFP Government
10:30 a.m. - 12:00 p.m.
Restructuring Tax-Exempt Variable Rate Debt in the
Midst of the Credit Crisis
- Over time, many lessons will be learned from the current credit
crisis. This case study will focus on the challenges of
restructuring tax-exempt variable rate debt in an environment
plagued by uncertainty. Hear how one issuer navigated the markets
to restructure tax-exempt variable rate debt during the
- Sandy G. Reeves, CTP, Vice President, Treasury
Services, Texas Health Resources
- Stefanie Bez, Senior Vice President,
Bank of America, N.A.
Reducing Your Company's Exposure to Volatility in
- Rather than focusing on equity valuation swings caused by
currency movements, external users of financial statements such as
Wall Street analysts and investors tend to concentrate on profit
margins, consolidated net earnings, EPS, and cash flows. However,
the reversal in the USD from cycle lows posted in 2008 has resulted
in sizable hits to the CTA accounts of many US multinational
corporations, resulting in impairments, potential breaches of loan
covenants, or other events that have true economic impact. Explore
the extent to which equity volatility has impacted the valuation of
a company and accounting-friendly strategies for insulating an
institution's equity or net investment in foreign operations.
- Robert J. Marshall, Jr.,CFA, Vice President,
Treasury, Zimmer, Inc.
- Ivan O. Asensio, Senior Vice President, FX
Risk Advisory, HSBC Bank USA, N.A.
1:30 p.m. - 3:00 p.m.
Blindsided: How Failed Risk Management Ignited the
Financial Crisis - And How Smart Organizations Can
- How could so many smart people trying to make money lose a
trillion dollars while collectively destroying the economy? Alice
Schroeder, financial analyst and authorized Warren Buffett
biographer, will detail the blind spots in risk management that
explain much of what transpired in this and past financial crises.
The coming reforms will patch regulatory holes and remove conflicts
of interest, but they won't repair the economy or change human
nature. Hear how smart companies can use the knowledge gained from
this and past crises to address the risk-aversion backlash and
instill real risk management into their DNA.
- Alice Schroeder, Best-Selling Author,
4:00 p.m. - 5:00
Implementing Automated Solutions to Streamline Treasury
- Learn how to focus efforts on technology that assist in
automating manually intensive processes. The presentation will
review a case study of migrating away from excel spreadsheets to
automation in an effort to streamline redundant processes. This
session will focus on cash management, variable compensation, A/R,
and revenue recognition.
- Peter M. Lyons, Director, Accounting
& Financial Reporting, INTECH (a Janus Capital Group
Mapping Risk, Strategies, and Operations into Capital
- In today's global economy, organizations are making quick, and
often uncoordinated, strategic and operational decisions that
affect long-term financial viability. This presentation maps how
strategic and operational decisions impact risk, and ultimately,
the capital structure of an organization. The presentation also
includes checklists and tools for treasurers to use in mapping and
tracking how business and economic activities affect capital
structure and long-term organizational sustainability
- Roderic Hewlett, DA, CTP, CFM, Vice
President Product Strategy and Development, Laureate Education,
10:30 a.m. - 12:00 p.m.
Treasurer's Impact: Net-Settled vs. Cashless
- This session will review the results of recent study of Fortune
200 companies regarding whether to use net-settled / stock settled
SARS or non-qualified stock options. The potential balance sheet
and cash flow implications of these decisions will also be
discussed - in the last 3 years, if 150 companies had used
net-settled stock options instead of non-qualified stock options it
would have resulted in reduction in shareholder equity of almost $4
- Robert J. Callanan, Jr., Managing
Director, UBS Financial Services
The Credit Crisis - That's Another Fine Mess We've
Gotten Ourselves Into!
- The past 24 months have been an extraordinary period of time
for the global economy. Many people have been asking: How did we
get here, where are we now, and where are we heading? This session
will review the events of the past 2 years, describe where we are
now, and offer insight to where we might be heading.
- Brian T. Kalish, Director, Finance Practice
Lead, Association for Financial Professionals
2:00 p.m. - 3:00 p.m.
Global Financial Instability: Fed and FDIC Policies and
Programs to Calm the Waters
- Financial professionals have become much more interested in the
Federal Reserve and the FDIC as the financial health of the entire
global economy has come into question. This session will afford the
opportunity to hear directly from the Federal Reserve and FDIC
regarding the programs they have enhanced and developed in response
to events that have shaken the foundations of global commerce.
- David Wright, Group Vice President,
Banking Supervision and Regulation, Federal Reserve Bank of San
- J. George Doerr, Deputy Regional
Director, Division of Supervision and Consumer Protection,
Financing Challenges and Solutions for Tax-Exempt
- Much of the media focused on the problems that investors in
auction rate securities experienced due to their inability to
redeem their principal. However the issuer of these bonds such as
hospitals and municipal borrowers saw interest rates paid go to up
to 20% in some cases. This presentation will explore the types of
debt that were used to refinance auction rate securities and the
new financing vehicles available tax-exempt organizations and
investors or lenders to these entities.
- Gregg Radke, CTP, Director of Treasury,
Children's Mercy Hospital
- Jordan R. Melick, Managing Director,
Healthcare Municipal Finance, Morgan Keegan
3:15 p.m. - 4:15 p.m.
Callable Debt Management: The Call Efficiency Measure
and Optimal Debt Refunding
- This session presents a case study of the callable debt
management practices of the Federal Farm Credit Banks Funding
Corporation (FFCB). The goal is to provide the practitioner with an
in-depth understanding of the benefits of callable debt as well as
a unique measure - call efficiency - to make optimal call
- William Whitehead, Senior Vice
President and Director - Research, Federal Farm Credit Banks
- Andrew Kalotay, Ph.D., President,
Andrew Kalotay Associates
8:00 a.m. - 9:00 a.m.
The Financial Crisis - Where We've Been and Where We're
- Financial systems are recovering from one of the greatest
crises in history. Hear how dependence on credit, focus on
short-term financial results, and abundance of cheap capital
brought us to the peak of the economic fallout we face today. Gain
insight into the actions the government is taking to correct the
downturn of the economy, the choices business are facing and the
financial decisions we make collectively as a society.
- Michael D. Hagedorn, Chief Financial
Officer, UMB Financial Corporation
9:15 a.m. - 10:15 a.m.
State Tax and Other Incentives: Generating Cash in a
- Several states provide incentives that create either tax
benefits or cash payments. At the same time, states have
tightened up tax planning opportunities, closing the door on other
avenues for lowering tax costs. This presentation will offer
a survey of state incentive programs that corporate finance
functions may consider.
- Chris R. McDonald, Director of
Finance, Comcast SportsNet
- Eric M. Anderson, Managing Director,