19 Mar 2012

Chantal Friset

A few weeks ago, Chantal Friset, Partner in Management Consulting Group at the Montréal office, gave a conference at a major convention organized jointly by the Association des médecins d’urgence du Québec (AMUQ) and the Association des gestionnaires infirmiers d’urgence du Québec (AGIUQ).

Sustained Commitment

Raymond Chabot Grant Thornton was also involved in the event as a sponsor of the recognition award (Prix reconnaissance), which pays tribute to an establishment’s innovative contribution to improving its emergency department. Interesting fact: thanks to our Firm, the winner of this award is entitled to take part in the prestigious Emergency Nurses Association’s leadership convention in the United States, one of the main events in management-based professional development in this area.

Congratulations to Chantal Friset for her commitment: she has been involved in this event for the last three years as Chairperson and, every year, as a speaker.

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15 Mar 2012

The professional services Firm is the first in the country to launch an iPad mobile app incorporating a tax calculator

MONTRÉAL, March 15, 2012 – Raymond Chabot Grant Thornton officially launched its Tax Planning Guide 2011-2012 today. The 28th edition of this free, unique and versatile tool provides up-to-date personal tax information.

Jean Gauthier, Partner and National Tax Director stated, “The Tax Planning Guide has always been an innovative guide and reference that provides strategic information as well as tips, tables and tax information for other provinces.” The Tax Planning Guide 2011-2012 is available online, at www.taxplanningguide.ca, as well as on iTunes (http://bit.ly/planningguide2012) as an iPhone, iPod Touch and, for the first time this year, iPad app.

“We are innovating again this year,” Jean Gauthier continued. “The Tax Planning Guide iPad app now offers a handy and easy-to-use simulator for Quebec taxpayers. We have a very simple objective: make a tool available for anyone who wants it, that will help with tax planning and avoid nasty surprises. The tax calculator is a versatile, personalized tool that uses the individual’s financial profile to determine his or her tax rate.”

The Tax Planning Guide’s electronic versions were such a success that Grant Thornton International Ltd has followed suit by offering the new World in Figures iPad app in association with the prestigious “The Economist” magazine.

About Raymond Chabot Grant Thornton

Fondée en 1948, la société Raymond Chabot Grant Thornton figure aujourd’hui parmi les chefs de file dans les domaines de la certification, de la fiscalité, des services-conseils, du redressement d’entreprises et de l’insolvabilité. Cette force repose sur une équipe de plus de 2 200 personnes, dont quelque 230 associés, réparties dans plus de 90 bureaux au Québec, dans l’est de l’Ontario et au Nouveau-Brunswick. Soulignons également que, depuis plus de 30 ans, Raymond Chabot Grant Thornton est membre de Grant Thornton International Ltd, offrant à sa clientèle l’accès à l’expertise de cabinets membres et de cabinets représentants dans plus de 100 pays.

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Media Relations:
Grégory Gihoul | Citizen Optimum | [email protected] | 514-282-4816

Francis Letendre | Raymond Chabot Grant Thornton | [email protected]| 514-390-4201

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14 Mar 2012

The Plan Nord initiative, taking place over a 25-year period, will bring about $80 billion in investments during this period and create or consolidate on average 20,000 jobs per year, for an equivalent of approximately 500,000 person-years. It is one of the largest economic, social and environmental development projects ever carried out in Quebec. This is why Raymond Chabot Grant Thornton is proud that the knowledge and expertise of its professionals can contribute to this important future project. In this respect, the Firm will be sharing its expertise at numerous major upcoming events, including two in April.

Emilio Imbriglio, Partner in Charge of the Corporate Finance Consulting Group and Chairman of Raymond Chabot Grant Thornton’s Board of Directors is pleased to have been named Co-Chair of the Conference on the Development of Plan Nord Infrastructure Projects, an event organized by the Canadian Institute as part of its Plan Nord Series, set to take place on April 4 and 5, 2012, at the Montréal Intercontinental Hotel. Emilio will also lead a panel on taking advantage of infrastructure-based business opportunities and a workshop on financing infrastructure projects. This conference is a unique opportunity to address critical issues related to funding, business opportunities, partnerships with communities in Northern Quebec, environmental issues, regional development and much more.

Raymond Chabot Grant Thornton will also be part of the sponsors and exhibitors taking part in the Salon Plan Nord organized by the Board of Trade of Metropolitan Montréal on April 20 and 21, 2012, at the Palais des congrès de Montréal. Come discover the extensive range of services offered by our Firm, which have made it possible for us to develop multidisciplinary expertise serving the Plan Nord. Also, during the Natural Resources Forum on Friday, April 20, 2012, Emilio Imbriglio will be delivering a speech on the challenges, risk management and business opportunities north of the 49th parallel. This presentation is part of the first half of the day on the importance of the natural resources sector within the metropolitan economy. Our experts will be more than pleased to answer your questions about the Plan Nord at this event.

Raymond Chabot Grant Thornton is proud to take part in the Plan Nord initiative and increase sustainable wealth for our future generations.

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08 Mar 2012

The proportion of women holding senior management roles in Europe is steadily increasing according to the latest research from Grant Thornton. However, the reverse is true in emerging markets, where businesses have historically employed more females in senior roles. This leaves an average of 25% for Canada and a global average at 21%, barely higher than the 2004 level.

The figures from Grant Thornton’s International Business Report (IBR) reveal that just over one in five (22%) senior management positions in businesses surveyed in Latin America are held by women, down from 28% in 2009. Similar falls have been recorded in the Asia Pacific economies (25% in 2009 down to 19% in 2012), South East Asia (36% in 2009 down to 32% in 2012) and the BRIC economies (30% in 2009 down to 26% in 2012).
Despite rising unemployment, the proportion of women in senior management in Europe has continued to rise steadily from 17% in 2004 to 20% in 2009 to 24% in 2012, catching up with peers in emerging markets.

April Mackenzie, global head – governance and public policy at Grant Thornton International, said: “Across Europe, getting more women into senior management positions has been high on the political agenda for quite some time. Governments have been vocal about addressing the imbalance and as a result businesses have been under real scrutiny. This encouraging rise in senior women shows the effect this attention is starting to have.

“The steady drop-off we are seeing in the emerging markets is a real concern though. The worry is that we may be reaching the point where women are underrepresented in senior management the world over.”

There are a myriad of cultural, economic and social barriers which prevent women from reaching the top jobs, but rapid urbanisation, which has accompanied rapid economic growth in emerging markets, could help explain why the proportion of women in senior management is falling away.

Since 1978, China has experienced the largest internal migration in human history, with nearly 160m people moving from the countryside into cities1. The proportion of people living in urban areas passed 50% in 2011, and is projected to hit 55% by 2020. Similarly in Mexico, the proportion of the population living in urban areas is projected to rise from 74% in 2000 to 80% by 20202. This is putting a huge strain on traditional family models.

April Mackenzie explained: “The movement into cities has begun to break down traditional models of extended families. The in-built childcare infrastructure which allowed children to be raised by grandparents, enabled women to work full-time. This is being replaced by ‘Western-style’ nuclear families which rely on one parent looking after the children or the prospect of expensive childcare.

“Urbanisation presents more opportunities for more people, including women, in many different ways. But the challenges it places on the family model appear to be having a disproportionately large effect on the ability of women to break the glass ceiling and occupy senior management roles.

“Governments and business leaders in emerging markets need to start working now to address this decline. The last thing we want to see is a race to mediocrity where the proportion of women in senior roles in these countries bottoms out and stagnates for a number of years. Or indeed that these high growth economies lose talent because women in the burgeoning rising middle classes opt out of the workforce altogether.

“There needs to be a public discussion now about the policies and practices that will enable and encourage women to continue to progress in the workplace.”

The IBR suggests that offering flexible working could help reverse this trend in emerging markets. Nearly two thirds of businesses in the EU (65%), where the proportion of women in senior management roles is increasing, currently offer flexible working. This is well ahead of Latin America (49%), the BRIC economies (36%) and Asia Pacific (32%).
April Mackenzie said: “Businesses in the emerging economies are lagging behind on the flexible working front. Greater adoption of this might allow a greater proportion of women to make senior positions in the future, reversing the current decline.”

Biggest winners and losers

Of the 40 economies surveyed, businesses in Russia employ the most women in senior management (46%), ahead of Botswana, Thailand and the Philippines (all 39%), whilst Italy ranks highest in Europe (36%).
Bottom of the table is Japan, where only 5% of senior management positions are filled by women, below Germany (13%), India (14%) and Denmark (15%).

The biggest risers over the past 12 months include Turkey (25% to 31%), and the United Arab Emirates (8% to 15%), results that suggest that the wave of economic liberalisation in the Middle East as a result of the Arab Spring could have boosted the chances of women in the region reaching the top.

1  The Economist; from 25 February 2012 edition
2  United Nations’ Population Division

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For further information please contact:
Tom Yazdi/Jo Nussbaum/Keith Brookbank
Linstock Communications
T +44 207 089 2080

Notes to editors
The Grant Thornton International Business Report (IBR) provides insight into the views and expectations of 12,000 businesses per year across 40 economies. This unique survey draws upon 20 years of trend data for most European participants and nine years for many non-European economies. For more information or to consult the report, please visit: www.internationalbusinessreport.com.