The FENG Raleigh, NC Chapter

Next Meeting


07/10/2019 – 6:00 PM to 8:00 PM (Reserve a spot at this event)


Date: Wednesday, July 10, 2019
Time: 6:00 pm to 8:00 pm

Place: NEW LOCATION – Grant Thornton Offices

Grant Thornton, LLP
4140 ParkLake Ave., Suite 130
Raleigh, NC 27612
P: 919.881.2700

Host: Robert Half Management Resources, Don Plato, VP
Don always has a fully catered meal from Baby Moon Café so you don’t want to miss this meeting.


Topic: CFOs are worried about talent as companies monitor risks

Nearly half of the country's CFOs are spending their time worrying about managing their company talent, according to a new report.

North Carolina State University's Enterprise Risk Management Initiative released a joint report this week with the American Institute of CPAs, providing insight from 445 U.S. CFOs and other senior finance leaders regarding their concern about a number of potential risks.

What they found is that 48 percent of CFOs said the "mostly" to "extensively" concerned about their organization's ability to manage the talent and leadership needs.

Those challenges stack aside other risk, such as the impact of the economy – which 42 percent were worried about, innovations disrupting their organization’s business model – 40 percent, shifts in consumer and social demographics – 34 percent and social media harming the organization’s reputation and brand – 30 percent.

According to the report, what has these finance leaders worried is the evolving nature of challenges facing their organizations, and the lack of preparation in place for these new challenges.

Of those surveyed, 59 percent agreed that the volume and complexity of corporate risks have changed “mostly” or “extensively” over the last five years, yet 69 percent said their organizations do not have satisfactory risk management processes established. Only 23 percent rated their organization's overall risk management as "robust" or "mature".

“While most executives perceive that uncertainties in the business environment are leading to more complex risk challenges for their organizations, few executives describe their organization’s approach to risk management as mature or robust,” stated Mark Beasley, professor of enterprise risk management and accounting in NC State’s Poole College of Management and director of NC State’s ERM Initiative. “That may be changing, given the majority of organizations have external stakeholders and boards of directors who are calling for more extensive management involvement in risk oversight."

As proof of that growing concern, the report found in the last ten years, the number of organizations claiming to have complete risk management processes in place has risen from 9 percent to 31 percent. Additionally, the report found a growing demand for Chief Risk Officers, with the amount of company's designating one now up to 50 percent. In 2009, only 18 percent of company's reported a CRO. Companies are also increasingly putting together risk committees, with 65 percent of respondents reporting one.

Speaker: Bonnie Hancock
Professor of Practice and Executive
Director of the ERM Initiative
Poole College of Management, NC State University

Bonnie V. Hancock is the Executive Director of the ERM Initiative at NC State University where she also teaches graduate courses in the Poole College of Management. Her background includes various executive positions at Progress Energy where she has served as president of Progress Fuels (a Progress Energy subsidiary with more than $1 billion in assets), senior vice president of finance and information technology, vice president of strategy and vice president of accounting and controller.

She currently serves on the following corporate boards: AgFirst Farm Credit Bank where she chairs the risk policy committee, and Powell Industries, a publicly traded company based in Houston, Texas, where she serves on the compensation committee. In addition, she currently chairs the board of Girl Scouts-North Carolina Coastal Pines, and serves on the board of the Research Triangle Chapter of the National Association of Corporate Directors.


Driving Directions - From I-40

Take exit 280 towards Davis Drive
Turn south onto Davis Drive
Turn right onto NC 54
Turn right onto Park Offices Drive
The destination is on the right

About the Raleigh, NC Chapter

The Raleigh chapter has over 1,000 members and meets monthly, usually on the 2nd Wednesday of each month from 6:00 pm until 8:00 pm. Meeting locations vary so be sure to double check each month. Our hosts provide drinks and snacks to a fully catered buffet meal.

Guests and prospective FENG members are always welcome. First-timers and members who are recently in transition are given the opportunity to introduce themselves to the other chapter members. Most meetings include a speaker and a current topic of interest to our members.

We look forward to meeting you and getting to know each other.

Chapter Leadership

Ted Bachman
(919) 606-3477
A combat veteran who works diligently to provide valuable professional services in all aspects of C-suite needs for small to mid-sized businesses through Bachman & Associates. Turning Challenges into Success
Jack Finley
(919) 832-5130

Future Meetings

06:00 PM to 08:00 PM
Pay special attention to the date of our August meeting. It is NOT the 2nd Wednesday of the month. It is the FIRST Wednesday of August.

Also take note that the location is different from where the FENG meetings hosted by VACO are usually held.

Date: Wednesday, August 7, 2019

Time: 6:00 pm to 8:00 pm
Place: Cantina 18 in Cameron Village
433 Daniels St
Raleigh, NC 27605

Host: Dave Rhode
Vaco Raleigh, LLC
2501 Blue Ridge Road, Suite 400
Raleigh, NC 27607
Office: 919.719.6500

06:00 PM to 08:00 PM
Date: Wednesday, September 12, 2018
Time: 6:00 pm to 8:00 pm
Place: Smith Anderson Law Firm
150 Fayetteville Street - downtown Raleigh
23rd Floor (after 6 pm Smith Anderson people will escort you to the 23rd floor)
Wells Fargo Building
Raleigh, NC 27601

Host: Armand Perry, Partner - Smith Anderson Law Firm

Armand Perry, partner at Smith Anderson, the largest law firm in the Triangle, always has great hors d'oeuvres and a wonderful selection of beer and wine so you do not want to miss this meeting.

06:00 PM to 08:00 PM
Date: Wednesday, March 11, 2020
Time: 6:00 pm to 8:00 pm


The Frontier
800 Park Offices Drive
Durham, NC 27709
(The room is on the bottom floor to the left.)

Host: Robert Half Management Resources, Don Plato, VP

For Meeting Information, Please Contact:
Ted Bachman