Mobalyz Holdings finance executive Altea Spagnuolo reveals how she is addressing changing rules, risks and regulations, and staying on top of stakeholder demands.
In the dynamic landscape of modern business, CFOs play a pivotal role in navigating a complex web of rules, risks and regulations. Not only do they have to manage the financial strategy and performance of the business, but they have to ensure that their organisations adhere to a myriad of laws and standards.
In this intricate dance between profitability and prudence, CFOs must balance the pursuit of growth and innovation with the imperative of maintaining ethical and legal integrity. Mobalyz Holdings financial executive Altea Spagnuolo reveals how she balances this intricate dance between profitability and prudence.
What are some of the demands you are currently dealing with from stakeholders? And how are you managing them?
Stakeholder needs vary for employees, customers, shareholders, suppliers and various regulators. Understanding each of their needs and expectations is challenging, but critical to provide credible and meaningful feedback.
Providing timely and relevant information to stakeholders is also critical to building trust and collaboration. Regular communication and engagement and setting realistic expectations are fundamental aspects of stakeholder management for me.
How do you help the organisation remain agile in the face of ever-increasing and changing rules, risks and regulations?
My role entails ensuring that a safe and open workplace culture is maintained to motivate ethical behaviour, to integrate core values into everyday tasks and to inspire trust and confidence, which underpins the foundation for organisational success.
The ability to respond to changes quickly and adaptively is critical to meet ever-changing laws and regulations and to understand and manage risks. Adopting measures to mitigate risks in a cost-effective manner and ensuring continued compliance are critical in a dynamic regulatory environment.
Which regulatory requirements are you grappling with at the moment? And how are you hoping to address these challenges?
To date, the challenge is more related to staying apprised of applicable and changes to laws and regulations. Monitoring legislative and regulatory compliance is equally becoming increasingly challenging.
To address this, we have to find cost-effective ways to collaborate with experts. Attending training courses, upskilling workforces, staying informed and fostering a culture of compliance are all mechanisms in which to address and remain apprised of these regulatory requirements.