FEI CHICAGO CHAPTER WEEKLY UPDATE
Week of September 7, 2020
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Events Issue! Cooking Class, Race Series, Leadership Summit, GAAP/SEC Update, Harry Kraemer, Our Sponsors! |
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Join fellow FEI foodies for a night of fun with First American and Chef, Christin Ortiz. Together on Zoom, we’ll learn how to prepare a seasonal Italian dish, including homemade pasta and a creamy butternut squash sauce. Prior to the event, you will receive an ingredient shopping list, ideas for complimentary side dishes, and a special gift from event sponsor, First American. Let’s get cooking!
FALL Into Flavor, Seasonal Cooking Class with FEI Chicago and First American
Tuesday, October 6, 2020 from 5:00—6:30 pm
This free event is open to FEI Chicago Chapter members.
Registration Deadline is September 25 (firm), to receive your gift prior to the class.
Seats are Limited! Family members are welcomed and encouraged!
After registering, email your preferred mailing address to Susan at info@feichicago.org to receive your gift from First American!
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2020 has been a year like no other. And finance leaders are at the center of the storm - navigating their businesses through a global pandemic while reflecting on the fundamentals of their profession, their leadership role, and their influence on societal change.
Join us for this year’s virtual Financial Leadership Summit to focus on learning, collaboration, and building ideas for the rapidly changing future. Discover how to empower your workforce and foster a culture that will position your organization for success. Acquire best practices and solutions to drive business strategy, during and after the COVID-19 pandemic.
This six-day event on October 6, 8, 13, 15, 20 and 22 will feature sessions critical to finance leaders as they traverse the “new normal.” Join the conversation and interact within a prominent community to challenge your thinking and share your obstacles as you build strategies to guide your company through the pandemic.
Plus, attendees will have the opportunity to learn about the newest products and services by connecting with sponsors and supporters from various industries.
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FEI CHICAGO VIRTUAL PROGRAMMING |
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Virtual Power Decisions Roundtable Breakfast
Thursday, September 10, 2020, 8:00—9:00 AM
This event is open to FEI Chicago Members/Sponsors & Eligible Prospective Members.
Online Registration Only. Click here to RSVP by Tuesday, September 8.
A link to this Zoom meeting will be sent out a day prior to the event.
Join the FEI Chicago Chapter on Thursday, September 10, 2020 for our virtual Power Decisions Roundtable Breakfast. We will utilize zoom breakout rooms, each hosted by a facilitator. You can talk openly with your peers about what is important to you. This member only breakfast forum offers members a chance to: connect with peers; voice your ideas and get feedback from a small group; enhance your FEI relationships; and be kept on schedule by a facilitator.
Seats are limited! RSVP by September 8.
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FEI Chicago Chapter Annual GAAP/SEC Update
With Crowe LLP
Thursday, September 17, 2020
Webinar 4–5:30 PM; Optional Happy Hour 5:30—6 PM
No charge to attend. Guests welcome! Seats are Limited!
Online Registration Only. Click here to register by Tuesday, September 15.
A link to this Zoom webinar will be sent out a day prior to the event.
It’s that time of the FEI year for our Annual GAAP/SEC Update, except this year it will be a virtual event. With the Coronavirus pandemic and its impact on businesses, major FASB projects like lease and long-term insurance contract accounting, hedging and current expected credit losses (CECL) have been delayed at least a year primarily for private companies. So why have the GAAP/SEC update this year? The pandemic and its impact on the economy has impacted numerous FASB disclosures in formal audited financial statements including, but not limited to, the following:
- Triggering events requiring goodwill and intangible impairment reviews
- Required “Going Concern” disclosure about the impact on a company’s financial statements
- A multitude of impacts related to lease modifications and terminations, both under the new lease standard and even if the new standard has not yet been adopted
- Accounting for Paycheck Protection Program (PPP) and related forgiveness
These impacts as well as several other impacts to accounting for income taxes, stock compensation, uncollectibles, revenue recognition and internal controls will be covered.
Our presenters from Crowe will be Sean Prince and David Wentzel. As we’ve noted from prior years, Sean and David work better under the pressure of a looming cocktail hour.
We hope you can join us for that.
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"Your 168: Finding Purpose and Satisfaction in a Values-based Life" with Harry M. Jansen Kraemer, Jr.
Thursday, September 24, 2020
Webinar 4-5pm; Optional Happy Hour 5-6pm
No charge to attend. Seats are Limited!
This event is open to FEI Chicago Members/Sponsors & Eligible Prospective Members.
Online Registration Only. Click here to RSVP by Tuesday, September 22.
A link to this Zoom webinar will be sent out a day prior to the event.
“Your 168: Finding Purpose and Satisfaction in a Values-based Life”
Despite our good intentions, many of us experience a chronic imbalance between the desire to live our values and the distractions and never-ending to-do lists that can get in the way. In Your 168: Finding Purpose and Satisfaction in a Values-Based Life, readers learn how to pursue a values-based life by identifying and committing to their values and priorities. Harry uses personal stories and insights from others to help readers discover the dissonance between what they say is most important and where they actually devote their time. Read more about Harry.
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FEI Chicago Chapter IDEA Committee hosts
Uncomfortable Conversations about Race Series | Color Blindness to Color Conscious, Professor Cindu Thomas-George
Wednesday, September 30, 2020
Webinar 4:30—6pm
Open to FEI Members, Sponsors and Their Guests
Online Registration Only. Click here to RSVP by Monday, September 28.
Seats are Limited!
A Zoom link will be sent out to registrants a day prior to this session.
From Color-blind to Color-conscious: Advancing Inclusion in Finance
Join FEI Chicago and Cindu Thomas-George for our 2nd installment in the Uncomfortable Conversations about Race series. In this session we will learn about the colorblind ideology and why it has been detrimental and unproductive in moving racial equality forward inside and outside of the workplace.
Cindu Thomas-George is the Founder and Principal Trainer of Shakti Diversity and Equity Training. As a diversity and inclusion practitioner, she designs and facilitates professional development experiences that promote equity, inclusion, anti-racism, and intercultural competence. Read more about Cindu.
We look forward to engaging with our members on this important topic, and to supporting each other in the conversations ahead.
Save the date for our 3rd conversation of our race series:
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Virtual Career Management Group Breakfast “Rapport Secrets: How Leaders Create Successful Connections”
with Lynne Franklin, Communication Consultant, Coach and Speaker
Thursday, October 1, 2020, 8:00—9:00 AM
No charge to attend. Guests are welcomed.
Online Registration Only. Click here to RSVP by Tuesday, September 29.
A link to this Zoom webinar will be sent out a day prior to the event.
Rapport makes all other things possible—the connection, relationships and trust that lead to career and business success. Lynne interviewed 90 leaders in different fields and asked them, “What’s your secret to building rapport quickly and maintaining it over time with your clients and people?” In this interactive program, you’ll discover their top strategies and tactics. This will help you better use rapport to reach your goals—despite the challenges of managing your people remotely and holding most of your meetings online.
Lynne is a leadership communication consultant, coach and speaker, and past president of the National Speakers Association Illinois Chapter. She wrote Getting Others To Do What You Want and is working on her next book—Leaders on Rapport: Secrets to Creating Successful Connections. Read more about Lynne.
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FEI Chicago Chapter Fall Into Flavor Seasonal Cooking Class
With Chef Christin Ortiz & First American Equipment Finance
Tuesday, October 6, 2020, 5:00—6:30 PM
Registration Deadline is September 25 (firm) to receive your gift.
This free event is open to FEI Chicago Chapter members.
Online Registration Only. Click here to RSVP by Friday, September 25.
Seats are Limited! Family members are welcomed and encouraged.
A link to this Zoom cooking class will be sent out a day prior to the event.
Join fellow FEI foodies for a night of fun with First American and Chef, Christin Ortiz. Together on Zoom, we’ll learn how to prepare a seasonal Italian dish, including homemade pasta and a creamy butternut squash sauce. Prior to the event, you will receive an ingredient shopping list, ideas for complimentary side dishes, and a special gift from event sponsor, First American. Let’s get cooking!
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FEI Chicago Chapter New Member Welcome Webinar
Friday, October 9, 2020, 8:00—9:00 AM
Online Registration Only. Click here to RSVP by Wednesday, October 7, 2020.
Via Zoom, Details will be sent out to registered attendees via email the day prior to the event.
The FEI Chicago Chapter will sponsor a new member welcome webinar on Friday, October 7, 2020, 8am via Zoom. We will provide an overview of the many benefits, committees, programs and special events that make our chapter such an outstanding organization.
All members are welcome to attend this webinar, as we will highlight resources and benefits available to members.
We look forward to welcoming our new members to our Chapter!
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Save the Date for These Upcoming Virtual Meetings!
Friday, October 23 - A&AB C Suite Breakfast, Topic TBA, 8am
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FEI Chicago Virtual Career Management Group Breakfast
“Dream vs Reality: Navigating An Employment Offer"
With Laurel Bellows, Founding Principal of The Bellows Law Group
Held August 6, 2020
You received your offer from the company of your choice after a six-month search. Your reflex is to sign immediately. You are confident that your new employer is trustworthy. Laurel says, “Pencil down”! Let’s discuss title, compensation, exit. Don’t forget relocation, non-compete, non-solicitation, and confidentiality. NOW: Pencils up, you can negotiate and sign.
Watch this webinar recording with Laurel Bellows, founding principal of The Bellows Law Group. She is a preeminent business lawyer, counseling senior executives and corporations on employment, severance and change in control agreements, internal investigations, and business disputes.
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FEI Chicago Chapter Virtual Panel Discussion
"Creating and Raising Liquidity During the Pandemic"
Held August 25, 2020
Our panel included experts from a national accounting firm, a restructuring firm, a law firm, and a financing source. Watch as they discuss best practices for obtaining liquidity during this unique business environment.
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FEI Chicago Virtual Career Management Group Breakfast
"Executive Compensation and COVID Impacts/Considerations for Executive Incentive Plans"
with Linda VanDeventer, Compensation Consultant
Held September 3, 2020
This session discussed Executive Compensation Trends for 2020 and salary increase projections for 2021. With the uncertainty of COVID, Linda also discussed what's been happening during 2020 to executive incentive plans. She presented factors to consider in deciding whether or not to make mid-year changes to plans due to COVID.
Linda VanDeventer is a Compensation Consultant who counsels executives and corporations on compensation strategies.
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WATCH PAST FEI CHICAGO PROGRAMS ON YOUTUBE |
Subscribe to our YouTube channel for full-length videos from past presentations and highlight video clips from special events.
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FEI CHICAGO CHAPTER RESOURCES
FROM OUR CHAPTER SPONSOR PARTNERS
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Below are some important resources from our Chapter Sponsor Partners. We hope this information will be helpful to you during these extraordinary times. FEI Chicago Chapter Sponsors can send any resources to our Sponsorship Chair, Skip Newman at skip.newman@gmail.com.
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From HUB International
UP NEXT: Recalibrating Your Employee Compensation Strategy
Wednesday 9/16/2020 11:00 AM – 12:00 PM CT
Work is evolving in response to the COVID-19 pandemic. As a result, business owners, finance managers and HR leaders need to recalibrate their compensation approach to ensure program goals and objectives align with this new reality. Join the discussion to learn about key considerations for reviewing and updating your compensation philosophy, programs and practices.
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CONNECT WITH FEI ON SOCIAL MEDIA |
Our chapter is active on many different social channels. So, you can pick the one that works the best for you! Here is a quick rundown of where you can find us and what you can expect from each channel: |
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Like us on Facebook for daily updates on the latest FEI news and upcoming events. We also post photos and video clips from past events as well as clips highlighting our sponsors. Visit www.facebook.com/FEIChicago to like our page! |
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Subscribe to our YouTube channel for full-length videos from past presentations and highlight video clips from special events. Visit www.youtube.com/FEIChicago to view our channel! |
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Follow us on Twitter for daily FEI updates and news relevant news articles from top publications, like Forbes and USA Today. Visit www.twitter.com/FEIChicago to follow our Twitter page. |
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We look forward to connecting with you on social media! |
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