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Five Things You Should Read

June 29, 2020

How you can be an ally to the LGTBQ community.

Will a Post-COVID World Have More Female Leaders?

HBR

Countries with women in leadership have suffered six times fewer confirmed deaths from Covid-19 than countries with governments led by men. Numerous pieces have dug into individual strengths, celebrating Angela Merkel’s data-driven trustworthiness, Jacinda Ardern’s empathetic rationality, and Tsai Ing-wen’s quiet resilience. Will these positive outcomes influence our collective readiness to elect and promote more women into power?

Golden's Legacy

WSJ - Paywall

Russell Golden leaves FASB as many companies grapple with fallout from the coronavirus pandemic, and in some cases, have yet to adopt the rules he helped put in place. Also, the effectiveness of some of Mr. Golden’s rules are being tested during the pandemic, as economic uncertainty has made it tough for many companies to get a handle on reporting going-concern issues and forecasting credit losses as FASB requires.

Germany to Cut Ties With Accounting Watchdog After Wirecard Scandal

Yahoo News

The German government plans to terminate its contract with the country's accounting watchdog, the Financial Reporting Enforcement Panel (FREP), after payments company Wirecard filed for insolvency last week in one of Germany's biggest fraud scandals. The scandal has put the spotlight on Germany's financial regulator BaFin, whose investigations into misconduct partly rely on FREP and is facing accusations of failing to supervise the financial technology company.

Chuck E. Cheese Parent Files for Bankruptcy

WLNS.com

Chuck E. Cheese’s parent company, CEC Entertainment, has announced it is filing for Chapter 11 bankruptcy protection, citing the “financial strain” of mass restaurant closures due to the coronavirus pandemic. “The Chapter 11 process will allow us to strengthen our financial structure as we recover from what has undoubtedly been the most challenging event in our company’s history," David McKillips, the chief executive of CEC, said in the statement.

How You Can Be an Ally to the LGTBQ Community

LinkedIn

An LGTBQ ally says "I believe in equality" and “I want my LGTBQ colleagues to be able to be out and feel comfortable at work"—and they take action on it. Get to know and understand the issues. Don’t worry about saying the wrong thing—ask. At the same time, don’t make assumptions. Listen for cues. Finally, make your commitment visible to others.