Education
8:15 - 9:00 am
Keynote Address - Leadership in Treasury During
Economic Crisis
Don Humphreys will provide an insightful view of how the
treasury group at Exxon Mobile is managing through the global
financial crisis and the volatile energy markets. He will discuss
the challenges and opportunities he faces as treasurer of one of
the world's leading corporations, and share his thoughts on
achieving treasury excellence. As a member of Exxon Mobile's
executive management committee, Don's leadership extends the
treasury and finance function to the farthest reaches of the
organization.
- Donald Humphreys
Senior Vice President & Treasurer
Exxon Mobil Corporation
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presentation(restricted to forum attendees)
9:00 - 10:15 am
General Session Panel - Addressing Challenges in Liquidity
Management and Credit Availability
The economic downturn has resulted in massive shortfalls of the
cash and credit needed to maintain the viability of businesses
across the globe. Our distinguished panelists will discuss the new
financial environment that corporations, suppliers, and customers
currently find themselves in, touching on topics such as cost and
availability of capital, counterparty risk, payment terms, credit
insurance, the impact of bank consolidation, and changes in private
equity. The participants will also provide an overview of new
investment strategies to cope with tighter capital availability and
alternative financing methods such as non-traditional equity,
sovereign wealth funds, and the factoring of receivables and
assets.
Carsten Stendevad (Moderator)
Managing Director
Citi Financial Strategy Group
Mary Bell
Senior Vice President & Treasurer
Blockbuster
Kevin Olson
Corporate Treasurer
Gilead Sciences, Inc.
Robert McDonald
Treasurer
Rexel US
-
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attendees)
10:45 - 12:00 pm
Roundtable - The New World of Banking
The recent upheaval in the international banking system has left
treasury executives facing a myriad of challenges. Hear from a
corporate treasurer about all the issues he's facing in dealing
with banks. Also we will get a banker's perspective on the
corporate treasury implications of new developments in the
financial services industry. Discuss with your peers how to handle
changes in bank credit, relationship management, and covenant
expectations.
Roundtable - Effects of the Emerging Markets Credit Collapse on
Supply Chains
With growth slowing across the emerging markets, corporations
are feeling the financial pinch in their supply chains as suppliers
and customers find their access to credit shrinking. Share thoughts
with your peers on potential solutions to financial difficulties in
various regions of the emerging markets such as Eastern Europe and
Russia, Latin America and Asia.
- John Ahearn
Managing Director, Global Head of Trade
Citi Global Transaction Services
Roundtable - The State of the Insurance Industry
The insurance industry will not be left unscathed by the massive
changes that the entire financial system must undertake. This
roundtable provides the opportunity to discuss how insurance
companies might evolve in order to survive in this new environment,
and what impact these changes will have for corporations and their
use of insurance in risk management programs.
- Tim Mahoney
President, Global Risk Management
Marsh, Inc.
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presentation(restricted to forum attendees)
1:30 - 2:45 pm
Roundtable - Meeting Board Expectations
With the recent turmoil in the credit markets and the
requirements imposed by Sarbanes-Oxley compliance, there has been
an increased level of board oversight on corporate performance.
This has brought heightened scrutiny of the CFO and the finance
function, and resulted in greater interaction with the various
members of the board and committees. Two leading corporate finance
executives will direct a discussion on how to maintain a harmonious
and productive relationship with the board and how best to
communicate information and meet directors' expectations.
Roundtable - Treasury Monitoring and Analytics Systems
This session will present a comprehensive overview of the latest
and most relevant tools and systems available to treasurers to cope
with the financial crisis. Learn how to make use of information
available to you beyond transaction processing to enable total
business intelligence. The discussion will cover elements of
financial, investment, and risk analysis and management that can be
used to mitigate volatility, evaluate all sides of the counterparty
credit risk equation, and monitor the impact of developments within
and beyond the organization.
- Ron Will
Vice President, Finance and Treasury
Yahoo!, Inc.
- Timothy Hesler
Partner, Head of Treasury Services
KPMG LLC
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presentation(restricted to forum attendees)
Roundtable - The Direction of Accounting Policy and
its Impact on Treasury
The lack of consensus among U.S. and foreign regulators on the
direction of accounting policy has created an environment of
uncertainty and difficulty for the financial professionals who are
responsible for complying with these rules. There are strong
arguments on both sides of the fence as to what to do with fair
value - does it facilitate transparency, or destroy value? Engage
in a discussion about where the future of accounting policy may
lie, and the potential implications for corporate treasurers.
- David C. Cable, CTP
Manager, Capital Markets
Western Union
- Salome Tinker
Director, Financial Accounting & Reporting
Association for Financial Professionals
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presentation(restricted to forum attendees)
3:15 - 4:30 PM
Roundtable - The Role of the Rating Agencies
There has recently been such a large repricing of risk, the
question most market participants have is: What do ratings mean?
And how accurate are they? Several rating agency representatives
will present the latest developments that they are implementing to
increase the precision, relevance, and utility of their ratings in
these challenging times. They will also offer tips on the
information that will be required of corporations in the rating
process, and how organizations can best manage their relationships
with rating agencies.
- John Bilardello
Managing Director
Standard & Poor's
- Claire Mezzanote
Managing Director, US Structured Finance
DBRS
Roundtable - Investor Relations
What do IROs need to know in order to communicate better with
investors in regards to these difficult economic times, and then to
the C-suite on how their stock is trading? These and many of
your questions will be answered by an investor relations
officer.
- Aaron Uhde, CFA
Senior Director and Head of Investor Relations
Invesco, Ltd.
Roundtable - Lessons Learned from High Volatility
The current economic uncertainty and extreme volatility has
challenged the hedging programs of many corporate treasury
executives. Hear the key lessons your peers learned from the
instability in the markets and the impact it had on their hedging
programs. Discuss the merits of an established and stable framework
versus more flexible hedging policies.
Kevin Olson
Corporate Treasurer
Gilead Sciences, Inc
Sandra Koch
Senior Technical Consultant
Hedge Trackers, LLC
8:30 - 10:00 am
General Session Panel - Rethinking Capital Structure
Corporate treasury executives find themselves in a serious
quandary as they seek to create the right balance between cash,
equity, and debt to reduce risks going forward. Panelists will
discuss methods to address the on-going liquidity crisis, including
issues such as capital expenditure in a time of reduced revenues
and credit access, ensuring adequate capital to meet your
organization's needs, and implementing a new and timely capital
structure that goes beyond buybacks versus dividends.
- Anita Prasad, PhD
General Manager, Treasury
Microsoft
- Marci Jo Lerner
Assistant Treasurer
Staples
- Brenda Szymanowski
Treasurer
AstenJohnson, Inc.
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attendees)
10:30 am - 12:00 pm
Keynote Address - A View from the Fed: Effectiveness of
Liquidity Initiatives and Outlook on Economic Recovery
There have been a lot of actions taken by the Fed to stabilize
the financial markets. Hear from a senior official of the Dallas
Fed about what all has transpired, what they might still be
considering and their views as to the results of all these efforts.
He will also speak to where there are challenges that remain and
where there are remaining systemic risks in the US and global
financial systems.