Latest news with #RRA
Business Standard
16-07-2025
- Business
- Business Standard
Zydus' Matoda facility completes Remote Regulatory Assessment of USFDA
Zydus Lifesciences announced that the USFDA conducted a Remote Regulatory Assessment (RRA) at Zydus' formulations manufacturing facility at Matoda in Gujarat for the Prior Approval Supplement (PAS) of Atorvastatin Calcium Tablets USP, 10 mg, 20 mg, 40 mg and 80 mg. At the closure, there were no observations noted, and the site was recommended for approval.
Yahoo
17-06-2025
- Business
- Yahoo
Russell Reynolds Associates Introduces Strategy Decode and Activation to Address the Leadership Gap in Business Transformation
New advisory offering focuses on leadership-led solutions to solve transformation challenges NEW YORK, June 17, 2025 /PRNewswire/ -- Russell Reynolds Associates (RRA), the leading global leadership advisory firm, today announced the launch of Strategy Decode and Activation, a distinctive advisory capability that positions CEO and C-suite leadership as the central driver of successful business transformation. The new capability addresses a critical market need, as research shows 75% of business transformation efforts fail, primarily due to leadership execution gaps rather than strategic design flaws. This launch comes at a time of unprecedented urgency, as organizations grapple with rapid technological shifts, evolving market dynamics and the imperative to transform faster than ever before. "RRA has been at the forefront of helping the world's largest organizations solve their most pressing leadership issues for decades," said Constantine Alexandrakis, CEO of RRA. "Today, transformation is at the forefront of those challenges. Strategy Decode and Activation is our direct response, providing the hands-on, leadership-centric guidance our clients need to navigate and succeed in this era of constant change." The strategy execution divide Organizations consistently face the same fundamental dilemma: understanding the "why" and "what" of strategic change while struggling with the "how" and "who" of implementation. Below are five key challenges identified in detail by RRA's H1 2025 Global Leadership Monitor: Adapting to continuous change: Only 47% of CEOs proactively anticipate change and strategically plan transformation with long-term outcomes Strategy and strategic leadership disconnect: Organizations separate strategy-making from strategy-doing Evolution of leadership practice: Traditional command-and-control leadership no longer works in today's pace of change Gen AI readiness: While 82% of leaders agree Gen AI skills are essential for C-suite success, only 41% feel confident implementing it effectively Shifting to enterprise leadership: Moving beyond hub-and-spoke systems to collaborative, cross-functional leadership models RRA's Strategy Decode and Activation approach recognizes that even the most comprehensive transformation vision fails without leaders who can decode complex change, align teams around new directions, and sustain momentum through inevitable resistance. "Great strategy requires clear choices that realistically connect enterprise aspirations and capabilities," said Bob Marcus, a transformation advisor at RRA. "We work alongside executive teams to transform and expand the leadership and organizational capabilities required for their strategy to produce the intended results." RRA helps organizations develop the leadership capabilities needed to drive successful transformation and answer critical questions that determine transformation success, including: Which leaders have the transformation capabilities needed, and where are the critical gaps? How do leaders ensure their teams can navigate significant change? What leadership behaviors and decision-making processes accelerate transformation progress? How do organizations create alignment around their transformation vision without losing momentum? Expert leadership team The Strategy Decode and Activation is led by eight key transformation advisors with decades of combined experience in developing efficient change strategies for leading global organizations: David Lange, Global Development Capability Lead, Chicago: Brings 25+ years of experience in global executive development and culture transformation Bob Marcus, Managing Director, New York: Specializes in working with first-time CEOs and emerging leaders on change strategies and culture evolution David Mills, Managing Director, London: Focuses on leadership transformation for communications and technology companies Hetty Pye, Managing Director, London: Advises multi-national clients through leadership-led transformation and co-leads RRA Artemis, a CEO leadership accelerator program Sean Dineen, Managing Director, Boston: Partners with organizations to increase executive team potential and performance, with particular focus on financial services Alain Ishak, Managing Director, Montreal: Leads transformation advisory projects for multi-nationals across the globe Marie-Osmonde de Lanauze, Paris: Develops leadership-led transformation initiatives for clients with a focus on CEO leadership development. Nicholas Anderson, Hong Kong: Partners with CEOs globally to accelerate strategy execution and transformation leveraging leadership, teams and culture. Market impact and availability The Strategy Decode and Activation capability is available immediately to organizations across all industries and geographies. RRA's collaborative approach ensures transformations succeed because leaders truly own and can execute them, creating lasting change that becomes part of organizational DNA. RRA equips leaders to drive the urgent, impactful transformations essential for thriving in today's dynamic landscape. About Russell Reynolds Associates Russell Reynolds Associates is a global leadership advisory firm that helps organizations build adaptive leadership capabilities and unlock their potential for growth. We use our global network and deep insights to provide executive search, leadership assessment, and development advisory services across all industries and geographies. For more information about Strategy Decode and Activation, visit Media Contact Russell Reynolds Associates Amy Scissons Chief Marketing & Communications Officer View original content to download multimedia: SOURCE Russell Reynolds Associates Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
01-06-2025
- Business
- Time of India
Telangana RERA to establish enforcement wing to ensure swift compliance
HYDERABAD : In a major move to strengthen regulatory framework in the real estate sector, the Telangana Real Estate Regulatory Authority ( TGRERA ) is set to establish its own enforcement mechanism to ensure swift compliance with its orders. Faced with mounting delays, especially from non-compliant builders and developers, TGRERA has been given more teeth with district collectors now empowered to invoke the Revenue Recovery Act (RRA) and exercise certain civil court powers for enforcement. This marks a decisive shift from passive regulation to active enforcement, sources said. An executive director, likely to be appointed from the revenue department in the coming days, will head the new enforcement wing. This officer will be supported by a dedicated team tasked exclusively with executing TGRERA's orders, sources said. "TGRERA is aligning with initiatives taken by other states such as Maharashtra, Gujarat, Haryana, Uttar Pradesh, and Tamil Nadu," TGRERA chairman N Satyanarayana told TOI on Saturday. "The Union ministry of housing and urban affairs has also laid down guidelines for such enforcement mechanisms," he said. Till now, the authority has depended on district collectors to implement its orders by invoking the RRA, particularly in cases where attachment of movable or immovable assets is required. However, enforcement has been slow, as collectors remain tied up with administrative responsibilities and the rollout of govt welfare schemes. Currently, when TGRERA or its appellate tribunal passes an order, the parties concerned are given 30 to 60 days to comply. If they fail to do so, the aggrieved party must return to the authority and file an 'execution petition', prompting the district administration to act. TGRERA officials disclosed that 96 such execution petitions are now pending, with cases involving property handovers, penalty payments, or completion of stalled projects. In some instances, even flat buyers are required to make payments to developers as per tribunal directions. To address these delays, the state govt has amended the Telangana Real Estate (Regulation and Development) Rules, 2017, empowering TGRERA directly with enforcement authority for recovery of dues, penalties, and enforcement of its orders. In addition to establishing the enforcement wing, the govt has also amended TGRERA rules to streamline the recovery of interest, penalties, and compensation amounts due to buyers or developers. Another significant change relates to the definition of 'ongoing projects'—developments where work is still in progress and occupancy or completion certificates have not been issued. Such projects, even if launched before 2017, will now fall under the regulatory purview. Previously, the govt had considered Jan 1, 2017, as the cut-off date for 'ongoing projects' in its initial govt order, while the official rules marked May 1, 2017, as the benchmark. The new amendment ensures that all relevant projects post-TGRERA implementation in 2016 are appropriately regulated, sources added.
Time of India
31-05-2025
- Business
- Time of India
As builders skirt compliance, TGRERA to crack the whip with enforcement wing
1 2 Hyderabad: In a major move to strengthen regulatory framework in the real estate sector, the Telangana Real Estate Regulatory Authority (TGRERA) is set to establish its own enforcement mechanism to ensure swift compliance with its orders. Faced with mounting delays, especially from non-compliant builders and developers, TGRERA has been given more teeth with district collectors now empowered to invoke the Revenue Recovery Act (RRA) and exercise certain civil court powers for enforcement. This marks a decisive shift from passive regulation to active enforcement, sources said. An executive director, likely to be appointed from the revenue department in the coming days, will head the new enforcement wing. This officer will be supported by a dedicated team tasked exclusively with executing TGRERA's orders, sources said. "TGRERA is aligning with initiatives taken by other states such as Maharashtra, Gujarat, Haryana, Uttar Pradesh, and Tamil Nadu," TGRERA chairman N Satyanarayana told TOI on Saturday. "The Union ministry of housing and urban affairs has also laid down guidelines for such enforcement mechanisms," he said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Click Here - This Might Save You From Losing Money Expertinspector Click Here Undo Till now, the authority has depended on district collectors to implement its orders by invoking the RRA, particularly in cases where attachment of movable or immovable assets is required. However, enforcement has been slow, as collectors remain tied up with administrative responsibilities and the rollout of govt welfare schemes. Currently, when TGRERA or its appellate tribunal passes an order, the parties concerned are given 30 to 60 days to comply. If they fail to do so, the aggrieved party must return to the authority and file an 'execution petition', prompting the district administration to act. TGRERA officials disclosed that 96 such execution petitions are now pending, with cases involving property handovers, penalty payments, or completion of stalled projects. In some instances, even flat buyers are required to make payments to developers as per tribunal directions. To address these delays, the state govt has amended the Telangana Real Estate (Regulation and Development) Rules, 2017, empowering TGRERA directly with enforcement authority for recovery of dues, penalties, and enforcement of its orders. In addition to establishing the enforcement wing, the govt has also amended TGRERA rules to streamline the recovery of interest, penalties, and compensation amounts due to buyers or developers. Another significant change relates to the definition of 'ongoing projects'—developments where work is still in progress and occupancy or completion certificates have not been issued. Such projects, even if launched before 2017, will now fall under the regulatory purview. Previously, the govt had considered Jan 1, 2017, as the cut-off date for 'ongoing projects' in its initial govt order, while the official rules marked May 1, 2017, as the benchmark. The new amendment ensures that all relevant projects post-TGRERA implementation in 2016 are appropriately regulated, sources added.
Yahoo
31-05-2025
- Business
- Yahoo
Companies vie for ‘tried-and-true' CFOs amid volatility: Russell Reynolds
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Companies seeking their next finance chief are on the hunt for 'tried and true' finance leaders that can help them navigate choppy economic seas, Jim Lawson, co-leader of executive search and leadership advisory firm Russell Reynolds Associates' CFO practice told CFO Dive, with the appointments of first-time CFOs inching downwards in the year's first quarter. Though most new CFO appointments in Q1 2025 (58%) were internal hires, of those that were external hires, 'experienced CFOs are increasingly favored,' Russell Reynolds' Q1 2025 CFO Turnover Index found. Experienced CFOs made up 80% of external hires, a quarterly high on par with results seen in 2021, 'as some organizations continue to navigate complex economic markets and succession plans fail to materialize,' the report found. 'If we don't think our bench is ready quite yet, we would love to bring in a super experienced CFO who has been successful a few times and can bring that seniority in some of these turbulent markets,' Lawson said in an interview of how companies are approaching their CFO hiring strategies. Businesses are putting a growing premium on experienced finance chiefs after CFO turnover reached a six-year high in 2024, RRA previously found. That trend has continued; for the year's first quarter, 95 CFOs were appointed, compared to 89 appointments in the prior year period, the leadership advisory firm found. Finance chiefs are also reporting shorter tenures; in Q1, the average stint in the top financial seat was 5.8 years, slightly below a six-year, full-year average of 6.2 years, RRA found. A top factor that has continued to drive CFO turnover is rising retirement rates, in keeping with trends seen in 2024, 60% of departing finance chiefs either retired or moved exclusively to board positions in Q1, with many choosing not to seek new CFO roles due to factors such as burnout or financial security, or simply because now seems like the right time for retirement, according to the report. However, that growing exodus represents a challenge for businesses today looking for their next finance leader. One of the most troubling trends is 'we don't see the same kind of pipeline that we used to see 10 years ago,' said Jenna Fisher, managing director, global financial officers practice for Russell Reynolds Associates. There's a narrowing number of new accounting and finance graduates — and moreover, many of the training programs or strategies companies may have historically put into place to hone future finance chiefs have since fallen out of common practice, Fisher said. For example, many companies previously tapped investor relation roles as a kind of 'breeding ground' for their next finance chiefs, a tactic that's become less commonplace today in favor of more specialization. 'Every company wants the best head of investor relations and the best treasurer and the best head of FP&A, and so that heterogeneity of experience, that toolkit building, is harder to come by for many aspiring CFOs than it was five, 10 years ago,' Fisher said. 'And so we see a continued struggle in terms of the supply, demand imbalance for CFOs.' Businesses on the hunt for their next finance chief aren't just searching for leaders with financial chops — though such skills are still key — but for CFOs with 'effective communication skills,' Lawson said. 'Effective communication with the board, with the CEO, with the street or investors, that ask has been amplified,' when it comes to firms seeking out their next finance leader, he said. As the demand for experienced finance chiefs becomes more acute, it's critical for companies to find ways to nurture upcoming talent as a way to bridge the supply, demand gap, Fisher said. Russell Reynolds offers a CFO mentor program which works to pair first-time CFOs with finance chiefs who have recently retired, she said. 'We really believe that there need to be more mechanisms for developing excellent CFOs, because we don't see CFOs fail generally, because of a lack of skill set,' Fisher said. 'Generally, it's because they're failing on some of the quote, unquote, softer dimensions. It's communication with the board and CEO. It's the ability to inspire and develop and retain their team.'
