Ernst & Young Monthly News November 2007
Media
(Media Release HTML, English, German, French)
Zurich and Basel, October 25, 2007 – Professional services firm Ernst & Young grew by 9.3% in Switzerland in the financial year 2006/2007, earning
fee income of CHF 527 million. The group has published its full annual financial statements for the first time, thus setting new standards
of reporting in the sector.
(Media Release HTML, English, German, French)
Zurich, 25 October 2007 – In an Ernst & Young survey, 100 managers of Swiss companies with 500 or more employees gave their assessment of the
significance of socio-economic megatrends and strategic drivers of business growth against the backdrop of the uncertain market environment. Those
surveyed tended to give preference to management strategies that can be quickly implemented over longer-term strategies. A clear majority (72%) are
focusing their strategies on shortterm efficiency gains in view of the cost situation.
(Media Release HTML, English, German, French)
Zurich, October 5, 2007 – At a gala to celebrate the tenth anniversary of the renowned prize for entrepreneurs, Ernst & Young Switzerland presented
its awards to this year’s Entrepreneurs Of The Year® 2007. In addition, the jury simultaneously presented the special «Master Entrepreneur Of
The Year Award» this year to a two-man team.
(PDF, French, 256 kB)
Source: AGEFI MAGAZINe, 11/07
Authors: Olivier Dunant, Bernard Fishman, Ernst & Young
From 2008 onwards, Boards of Directors of all banks and trading companies will be obliged to assess their own performance. How are they to derive
the most benefit from this?
(HTML, German)
On 17 October 2007, the Swiss Federal Council approved the wide-ranging revision of company law, which modernises the law on limited companies,
imposes new auditing rules on all businesses and will enter into force on 1 January 2008. The provisions governing the internal control
system will therefore apply for the financial year beginning from that date.
(PDF French, 572 kB)
Source: l'agéfi, Spécial Assurances et Prévoyance, 01.10.2007
Authors: Marcel Stalder, Florian Magnollay, Ernst & Young
The abundance of regulations in the insurance industry today is causing the emergence of many new functions, which are not always properly coordinated
with each other. What is called for is a simplified approach favouring the convergence of risks.
(PDF, German, 307 kB)
Source: Der Schweizer Treuhänder 2007/10
Author: Heiko Kubaile, Ernst & Young
This essay focuses on the main changes affecting companies in the 2008 reform of corporation tax. The complex new rules on interest limits and favourable
treatment for profit retention will further enhance the German tendency, in fiscal affairs, towards insufficient transparency and security for forward planning.
(PDF, German, French, 1.32 MB)
Source: SVC-Forum, Autumn/Winter 2007/2008
Authors: Milan Sheth, Markus T. Schweizer, Ernst & Young
Swiss SMEs are increasingly concluding selective outsourcing contracts. Despite growing competition, India is still an attractive partner.
(PDF, German, French, 3.69 MB)
Source: SVC-Forum, Autumn/Winter 2007/2008
Authors: Various
Complete Publication. Contains the article: “Outsourcing: India remains attractive – Swiss SMEs are increasingly concluding selective outsourcing contracts.
Despite growing competition, India is still an attractive partner.”