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  • EY report explores how women and unrepresented groups can have greater influence in the boardroom - EY - Global
    Delivery Network Experienced Advisory Assurance Tax Transactions Industries The EY difference Your development Life at EY Joining EY Global Delivery Network Alumni Home Newsroom EY report explores how women and unrepresented groups can have greater influence in the boardroom EY report explores how women and unrepresented groups can have greater influence in the boardroom London 25 September 2014 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share With the European Parliament proposing to enforce a 40 quota for female non executive directors on the boards of large listed companies by 2020 EY today is launching a report that explores the advantages of a diverse board and reveals how boards can empower the professional advancement of women and underrepresented groups Time for diversity accelerating performance in corporate boardrooms which includes interviews with board directors and chairs from across Europe India and Africa finds that diverse boards are more likely to motivate a diverse workforce and executive team as well as relate to a broad customer base It also uncovers a strong link between diversity and good risk management highlighting that those from different backgrounds are attuned to different kinds of risks and can challenge the executive team to manage these risks effectively Six steps boards can take to accelerate diversity are also identified These are Set the right tone at the top the board chair must get to know all of the non executive directors individually facilitate open discussions and ensure that all board members views are heard and valued Start preparing now finding the right person to fill any board position takes a lot of time and effort Drag your feet and you could find that your competitors snap up the best candidates first Encourage your female managers to gain board experience challenge the executive team to develop a female talent pipeline This means encouraging women to gain board experience by sitting on the boards of subsidiaries and not for profit organizations making presentations to the board and joining senior committees Broaden recruitment processes take a more creative approach to recruiting non executive directors by pushing the headhunter or whoever is leading the search to draw up shortlists that include entrepreneurs and individuals who have board experience that may not be with a listed company Monitor diversity in the organization ask the executive team to provide you with a diversity dashboard to track the progress of different groups The more opportunities that your organization gives talented people to progress the less likely it is to suffer a skills shortage if quotas come into effect See diversity as critical to businesses boards will only become more diverse if a broader range of people aspire to hold senior roles within business from an early age Organizations can reach out to schools colleges and other groups within their local community by encouraging board members to give talks about what they do Julie Linn Teigland EY s Managing Partner Europe Middle East India Africa Accounts says The prospect of EU

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-report-explores-how-women-and-unrepresented-groups-have-greater-influence-in-the-boardroom (2016-02-10)
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  • EY – EY #1 professional services employer in global ranking – and #2 overall – for second year in a row - EY - Global
    Initial public offering Venture capital Family business services Transactions About Transaction Advisory Services Corporate Development Divestiture Advisory Services Lead Advisory Operational Transaction Services Restructuring Strategy Services Transaction Support Transaction Tax Valuation Business Modelling Specialty Services Climate Change and Sustainability Services CertifyPoint China Overseas Investment Network Family Business Services French Business Network Global Business Network Japan Business Services Careers Students The EY difference Your role here Your development Life at EY Joining EY Global Delivery Network Experienced Advisory Assurance Tax Transactions Industries The EY difference Your development Life at EY Joining EY Global Delivery Network Alumni Home Newsroom EY 1 professional services employer in global ranking and 2 overall for second year in a row EY 1 professional services employer in global ranking and 2 overall for second year in a row London 23 September 2014 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share EY is today ranked the world s most attractive professional services employer in Universum s annual World s Most Attractive Employer ranking matching its historic achievement last year For the second year in a row EY has also been ranked 2 among all employers second only to Google The Universum World s Most Attractive Employer ranking is an annual global survey of business students from the world s top academic institutions in the 12 largest economies by GDP Petter Nylander Universum s Global CEO says It s clear that EY truly understands what talented people want from their career By being consistent and very active in communicating a relevant message globally that resonates with their ideal target talent group I am not surprised to see EY ranked number one in the professional services industry and number two overall in the World s Most Attractive Employers 2014 rankings among business students Mark Weinberger EY s Global Chairman CEO says Our purpose at EY is to build a better working world for our 190 000 strong workforce We are committed to investing in great people and developing inclusive leaders who can build the highest performing teams across the globe As we continue to build a distinctive brand through our people it s an honor once again to feature so highly in this influential ranking Nancy Altobello EY s Global Vice Chair Talent says We will continue to focus relentlessly on attracting and developing future leaders in order to achieve our ambition of being the world s most favored employer Ends Notes to editors About EY EY is a global leader in assurance tax transaction and advisory services The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over We develop outstanding leaders who team to deliver on our promises to all of our stakeholders In so doing we play a critical role in building a better working world for our people for our clients and for our communities EY refers to the global organization and may refer to one or more of the

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-EY-1-professional-services-employer-in-global-ranking (2016-02-10)
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  • Andrea Guerzoni appointed EY Transaction Advisory Services Leader for Europe, Middle East, India and Africa - EY - Global
    Development Divestiture Advisory Services Lead Advisory Operational Transaction Services Restructuring Strategy Services Transaction Support Transaction Tax Valuation Business Modelling Specialty Services Climate Change and Sustainability Services CertifyPoint China Overseas Investment Network Family Business Services French Business Network Global Business Network Japan Business Services Careers Students The EY difference Your role here Your development Life at EY Joining EY Global Delivery Network Experienced Advisory Assurance Tax Transactions Industries The EY difference Your development Life at EY Joining EY Global Delivery Network Alumni Home Newsroom Andrea Guerzoni appointed EY Transaction Advisory Services Leader for Europe Middle East India and Africa Andrea Guerzoni appointed EY Transaction Advisory Services Leader for Europe Middle East India and Africa London 22 September 2014 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share Andrea Guerzoni has been appointed EY Transaction Advisory Services TAS Leader for Europe Middle East India and Africa EMEIA with immediate effect Andrea will be responsible for leading a team of more than 6 100 professionals in the region focused on helping leading businesses and organizations achieve their strategic transactions and capital management goals while driving EY s objective of delivering exceptional client service Pip McCrostie Global Vice Chair for Transaction Advisory Services says I am delighted to announce Andrea s appointment to lead our EMEIA Transaction Advisory Services practice I am confident our clients in EMEIA will benefit from Andrea s breadth of experience and he will continue building on the success he had in his previous roles This high calibre appointment will help us extend our leading position within many markets across Europe the Middle East India and Africa Andrea was previously the Mediterranean Region Transaction Advisory Services Managing Partner and also led a major business unit within Transaction Advisory Services globally He has been with EY for nearly 20 years working in audit corporate finance and transactions roles Andrea played a key role in the major growth of the EY in the Mediterranean Region with a focus on client work with major accounts He has worked with clients in the UK US and in the Mediterranean region Andrea Guerzoni Transaction Advisory Services Leader for EMEIA says I am excited about the role and look forward to continuing maintaining a high standard of client service and further improve how we help our clients strategically manage their capital and achieve their potential Andrea brings his experience of coordinating and executing cross border buy side mergers and acquisitions debt restructuring and refinancing processes and has proven experience in retail as well as oil and gas industries Andrea has a Bachelor s degree in Business Administration and Finance from the University of Modena in Italy and will be based in London and Milan Ends Notes to Editors About EY EY is a global leader in assurance tax transaction and advisory services The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over We develop outstanding leaders who team to deliver

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/newsroom-andrea-guerzoni-appointed-ey-transaction-advisory-services-leader (2016-02-10)
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  • EY – EY named as one of the Best Firms to Work For - EY - Global
    to Work For in 2014 by Consulting magazine New York 16 September 2014 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share Magazine noted EY s culture and Culture Recognition Program of paying it forward as key factors Consulting magazine has named Ernst Young LLP as one of the top 10 Best Firms to Work For in 2014 placing ninth on the list based on their annual poll of each firm s employees The online survey of more than 12 000 employees representing more than 400 firms analyzed the comments of consultants in several categories to determine the rankings including client engagement firm culture career development work life balance and compensation and benefits We are extremely proud to be recognized as one of the best firms to work for and it is especially meaningful because it s based on the responses of our people said Bob Patton Americas Vice Chair Advisory Services Ernst Young LLP More than one year ago the firm launched a new brand identity to include our purpose of Building a Better Working World and external accolades from organizations such as Consulting Magazinereinforce the pride our people have in the work they do to help clients and deliver on our brand promise Consulting magazine s Best Firms to Work For rankings are based on an online survey conducted in the summer of 2014 The consultants operate in every service line across at least 35 different project practice areas and serve clients across all major industries Consultants at every staff level participated in this year s poll This was a stellar year for EY Advisory Services especially because we also achieved doubled digit growth for the fifth consecutive year completed nine acquisitions in fiscal year 2014 to attract talent and enhance service offerings and grew our headcount by 10 while promoting more than 1 000 employees This type of growth is infectious Our people feel it and so do the clients making for high performing engagements and trusting relationships added Patton Patton also believed that EY s Culture Recognition Program was one of the specific programs that contributed to the top 10 ranking While a number of programs contribute to this goal I would like to highlight our Culture Recognition Program Values and culture messages have been woven into the firm before from onboarding and training to recruiting and staffing talent but we wanted to find a way to make it more tangible Therefore we came up with a culture coin given to employees for living the firm s values And the real power of the program is in paying it forward Each time someone receives a coin he or she can pay it forward to someone else who is living our values The program has been extremely empowering and has spread across different businesses and even into different countries said Patton To read more about the magazine s 2014 Best Firms to Work For please go to www consultingmag com Ends About EY

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/News-EY-named-as-one-of-the-best-firms-to-work-for (2016-02-10)
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  • EY – Businesses adapt to a new commercial world order by implementing a customer centric approach - EY - Global
    Specialty Services Climate Change and Sustainability Services CertifyPoint China Overseas Investment Network Family Business Services French Business Network Global Business Network Japan Business Services Careers Students The EY difference Your role here Your development Life at EY Joining EY Global Delivery Network Experienced Advisory Assurance Tax Transactions Industries The EY difference Your development Life at EY Joining EY Global Delivery Network Alumni Home Newsroom Businesses must adapt to a new commercial world order by implementing a customer centric approach Businesses must adapt to a new commercial world order by implementing a customer centric approach London 16 September 2014 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share Companies that reject a customer centric approach by maintaining their traditional organizational structures continuing their piecemeal investment in technology and listening to their internal functional experts rather than the voice of the customer will fail to grow and increase their competitive advantage according to a new global report by EY released today Competition coexistence or symbiosis The DNA of C suite sales and marketing leaders which includes a qualitative survey of 700 sales and marketing leaders and more than 120 C suite respondents as well as more than 20 in depth interviews finds that only 58 of chief marketing officers CMO and 68 of chief sales officers CSO believe strongly that they add significant value by using customer feedback to develop their business Sales and marketing leaders also are not ensuring the right analytics are being used to deliver the best customer insights with only 47 of CMOs and 58 of CSOs saying they have a good relationship with the chief information officer CIO Woody Driggs EY s Global Advisory Customer Leader says In today s volatile commercial environment when world dominating brands can rise and fall within a couple of years no strategy can guarantee sustainable success However one thing is certain companies that are driven by customer centricity and that gear their entire organizations including integrated value chains toward the personalized wants and needs of their customers are more likely to succeed The report also highlights that CMOs and CSOs are failing to work together at their full potential Only 59 of CMOs are convinced that the two functions share the same corporate vision and just 54 believe strongly that they work well together in tasks and initiatives Driggs says Companies must integrate all their operations including sales and marketing to deliver a truly differentiated and positive purchasing experience Executive boards also need to be more open Where appropriate sales and marketing functions could be merged completely by creating a dedicated chief commercial officer CCO role putting the customer at the heart of the organization The new report follows in the footsteps of The DNA of the CFO The DNA of the CIO and The DNA of the COO which focus on the competencies and characteristics of today s finance information technology IT and operations leaders For further information please visit www ey com dna csmo Ends

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-ey-businesses-adapt-to-new-commercial-world-order-by--implementing-a-customer-centric-approach (2016-02-10)
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  • EY – China reclaims the top spot for renewables energy investment attractiveness - EY - Global
    strategic economic value Index reshuffle Elsewhere in the index only two of the traditionally attractive markets managed to hold on to their previous rankings Germany and Japan remain static in third and fourth place respectively as their markets reflect on the latest legislative and energy strategy updates In contrast mixed signals and policy tinkering have prompted yet another drop in the rankings for the UK and Australia to seventh and tenth place respectively At the same time Italy and Spain are seeing the repercussions of retroactive changes to support mechanisms with both falling several places down the index On the other hand dynamic emerging markets are becoming more prominent in the index India jumped to sixth place as an energy sector overhaul by the new government looks set to galvanize public and private renewables investment In what is becoming a consistent theme Brazil Chile South Africa and Kenya have again risen up the index thanks to robust deployment pipelines and consistent policy support while major project financings in the Netherlands and Israel have prompted a boost in the rankings for these markets Forer continues The significant movement in our index reinforces the view that attractive renewable energy prospects are no longer the remit of only a few mature markets they are truly global providing opportunities in both developed and developing markets This shifting landscape will drive corporations and governments to review their energy strategy to ensure long term competitive advantage Reviving Europe The latest report highlights that Europe is currently at an inflexion point striving to become a global sector leader but facing strain funding infrastructure and supply capabilities According to Ben Warren EY s Global Cleantech Transactions Leader The industry must liberate itself from the shackles of the past and go in search of grid parity as the fastest route to secure and affordable energy The role of policy makers therefore becomes one of enablement rather than fiscal support as well as looking to create a level playing field across all energy sources through greater cost transparency Microfinance models to become more than just a trend The report highlights that smaller scale distributed applications are becoming increasingly more critical to both developed and emerging markets with the outlet for localized financing models such as crowd funding is expanding as a result The pool of capital available for such financing has significant potential to increase if the risk reward profile can be structured such that it becomes a viable alternative to other retail investment channels Warren comments Far from just being the remit of the socially conscious investor crowd and community sourced finance is increasingly becoming a smart investment channel with a significant role to play in shaping our future energy mix and creating the stimulus for new funding models to emerge The report also focuses on the imperative for more cost effective and sustainable energy across the world s island nations representing significant investment and deployment opportunities as well as the potential to lead in the creation of new

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-china-reclaims-the-top-spot-for-renewables-energy-investment-attractiveness (2016-02-10)
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  • EY – Media and entertainment industry outperforms several leading cross industry indices - EY - Global
    from a study group of leading media and entertainment companies this according to Spotlight on Profitable Growth Media and Entertainment Vol VII released by EY M E industry earnings before interest taxes depreciation and amortization EBITDA have increased every year since 2010 as companies gain scale in content production and distribution divest underperforming businesses and continue to benefit from the proliferation of digital platforms The four primary industry growth drivers for 2014 will be advertising spend acquisitions and divestitures digital distribution and emerging markets The report provides a performance comparison of the overall M E business to major stock market indices as well as a ranking of 10 media and entertainment industry sectors on both their profitability and profitability growth rate John Nendick Global Media Entertainment Leader at EY says We are seeing that digital is very much driving profits now instead of disrupting it Companies are figuring out how to monetize the migration of consumers to a variety of digital platforms and this insatiable demand for content is fueling growth throughout the industry In 2014 it is estimated that the M E industry will outperform several major cross industry stock market indices Figure 1 The 10 sectors of the media and entertainment industry measured by EY are expected to have a 2014 estimated profit margin of 28 followed by the S P 500 Index 27 FTSE 100 Index 26 CAC 40 Index 19 DAX 30 Index 17 and the Nikkei Index 14 Figure 1 Tom Connolly Global Media Entertainment Transactions Advisory Services Leader at EY says The higher levels of free cash flow generated by broader consumer access to content through more robust networks coupled with increased availability of low cost credit and a growing confidence in the sustainability of profitable digital platforms is enabling M E companies to pursue expanded deal activity that supports EBITDA and geographic growth be it M A to enhance scale and market leverage or the strategic benefits of divestitures and spin offs of non core assets When looking at the estimated 2014 profitability of the 10 M E sectors Figure 2 cable operators have the highest profitability at 41 followed by cable networks 37 interactive media 36 electronic games 29 conglomerates 26 satellite television 26 publishing and information services 21 television broadcast 19 film and television production 12 and music 11 Figure 2 The report also provides specific insight into each of the 10 M E sectors identifying opportunities challenges and outlook for future growth Highlights include Cable operator margins continue to remain the highest among all M E sectors as a result of continued growth in high margin data and business to business services Cable networks are seeing growth in affiliate fees international syndication and digital licensing which is spurring EBITDA margin growth making it the second most profitable industry sector Interactive media companies are driving their margins through innovation in search and online video advertising combined with growth in premium video subscriptions Electronic gaming companies are seeing growth in profitability from

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-media-and-entertainment-industry-outperforms-several-leading-cross-industry-indices (2016-02-10)
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  • Veritas' Valerie Keller joins Ernst & Young LLP's Strategy group - EY - Global
    The EY difference Your development Life at EY Joining EY Global Delivery Network Alumni Home Newsroom Veritas Valerie Keller joins Ernst Young LLP s Strategy group Press release Veritas Valerie Keller joins Ernst Young LLP s Strategy group New York 11 September 2014 Newsroom News releases PR contacts PR activities Analyst relations Fact and figures Share Ernst Young LLP announced that Valerie Keller former founder and chief executive officer CEO of Veritas an advisory group has joined the firm as an Executive Director with the Strategy practice Keller will also lead a new collaboration with the University of Oxford Saïd Business School to develop joint publications and conduct research Valerie s arrival comes at a watershed moment in the growth of our Strategy practice where we are tackling issues associated with helping clients become more agile in a volatile interconnected world She is the type of leader who can help companies leverage purpose as a competitive advantage for agility innovation said Cheryl Grise a principal with Ernst Young LLP and the EY Global Advisory Strategy leader Engaging with Oxford can also provide another avenue to develop thought leadership and learnings that can help our clients activate their purpose to innovate solve complex challenges and strategically transform When we do that we live out our own purpose of building a better working world Keller noted that she is discussing the Oxford collaboration this week at the World Economic Forum s Annual Meeting of the New Champions Creating Value through Innovation in China The collaboration will provide insights on how leading companies are using purpose to fuel sustainable innovation and profitable growth Our efforts offer a new approach in helping clients drive enterprise wide transformation and offer and offer a blue print to activate purpose throughout organizations and driving measureable results added Keller As CEO of Veritas Keller led organizational redesign and expansions in the US and Europe She also served as CEO for healthcare facilities and residential developments and was co founder of two US coalitions focused on housing and healthcare system reform Keller has been honored by the World Economic Forum as a Young Global Leader In addition she was also recognized by JP Morgan Chase for their 20 Under 40 and The Independent Women Mean Business awards An Associate Fellow at Oxford Keller also designs and directs executive education programs and teaches transformational leadership at Oxford She serves on the Harvard Kennedy School Women s Leadership Board and the advisory boards of Global Thinkers Forum World Policy Institute and Womanity Keller earned a Master s degree in Business Administration with Distinction Honors from Oxford s Saïd Business School She also has B A in Public Relations from the University of Louisiana Ends About EY s Advisory Services Improving business performance while managing risk is an increasingly complex business challenge Whether your focus is on broad business transformation or more specifically on achieving growth optimizing or protecting your business having the right advisors on your side can make all the

    Original URL path: http://www.ey.com/GL/en/Newsroom/News-releases/news-veritas-valerie-keller-joins-ernst-and-young-llp-strategy-group (2016-02-10)
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