The arrival of a new shareholder has forced the Belgian Massive to centralise its cash management. Since the local departments previously enjoyed a high degree of autonomy, the lighting company opted for the notional pooling method.
Basel II is the new regulatory framework within which all banks will have to work. Its aim is to safeguard the stability of the financial sector and one of its aspects is a comprehensive approach to risk.
Running and managing a family company are complementary activities. Family-owned businesses can professionalise by enlisting external expertise to pave the way for profitability and growth.
Outsourcing the management of international accounts receivable back by credit insurance safeguards profit margins and reduces the risk of insolvency. Average payment arrears in Europe now stand at 53 days.
Sale and leaseback allows companies to free up capital tied up in their movable and immovable assets. They can use the money to strengthen their balance sheet, repay debts or invest in further development of their core business.
In 1978, China opened up its doors to the outside world. Since then, a generation of well-trained managers and entrepreneurs have grown up with the Chinese version of the free market economy. They are increasingly assuming control at middle-management level from the old-style managers who were recruited from officialdom.
Today the French company Haulotte Group, is number 3 leader worldwide for people and material lifting equipment. The Haulotte Group story began in 1881, but it was not until 1985 that the company truly developed, when Pierre Saubot took control of Pinguely-Haulotte. In 1998, the company was floated on the Paris stock exchange. A fine example of accompaniment of a rapidly growing group.
Headquartered in Venice and with aggregate sales of over EUR 70 million estimated in 2005, the Sirma Group is a major player in the environmental technologies industry. An interview with Stefano Gavioli, Chairman of Sirma
Investment in real estate can help you to spread your risk and diversify your portfolio efficiently and profitably and the MeesPierson Private Real Estate Fund offers interesting investment opportunities. Jean Maas and Daniel Pierlé, directors of MeesPierson Real Estate, comment.
Transaction-oriented information and communication technologies speed up international business deals. They also result in simplified business administration, which helps to cut costs.
