Shenzhen Finance Institute
School of Management and Economics, CUHK-Shenzhen
Director, Global Business Process of Senior Finance, Philips
Lu Qi is currently the Director of Global Business Process of Senior Finance at Philips. Her primary responsibilities include: designing and implementing global financial processes and controls, developing and maintaining process documentation, identifying process improvement opportunities and implementing best practices.
Prior to that, Lu Qi held various senior management positions, including Senior Finance Director of Global Collections and Credit at Philips and Finance Director of Accounting Operations for Greater China at Philips (China) Investment Co., Ltd. Before joining Philips, Lu worked for Beckman Coulter China, PricewaterhouseCoopers and Bank of Communications.
Lu Qi has over 20 years of experience in corporate finance management, focusing on financial taxation and working capital management of multinational enterprises. She has a solid theoretical foundation and extensive practical experience in corporate financial planning and analysis, tax planning, working capital management, corporate internal control construction and financial reporting. Ms. Lu specializes in corporate finance, corporate cash management, tax planning and financial management training. She has provided training for ICBC, Bank of China, Bank of Communications and other well-known companies on financial capital management and other related topics. She was an Adjunct Lecturer at Shenzhen Finance Institute, The Chinese University of Hong Kong, Shenzhen.
Lu Qi holds a Bachelor's degree in Economic Management from the Department of Investment and Finance of Shanghai University of Finance and Economics and a Master's degree in Business Administration from China Europe International Business School. She also holds the qualifications of FCCA (Fellowship of Chartered Certified Accountants), CICPA (Certified Public Accountant of China) and PCC (Professional Certified Coach of International Coach Federation).
Corporate Sustainability Reporting Directive (CSRD)
Are you aware of the new EU's latest Corporate Sustainability Reporting Directive (CSRD)?
CSRD goes into effect on January 5, 2023, and is a revolutionary reporting directive. The Directive requires companies that meet specific requirements and operate in Europe to disclose important non-financial sustainability information about their environmental, social and governance principles to investors, customers and governments. The promulgation of this Directive, which involves about 50,000 EU-registered companies and nearly 10,000 foreign companies operating in the EU, will profoundly impact global business activities.
In this sharing, we will delve into the key features of the CSRD and its implications and dissect the fundamental changes introduced by the Directive, including the scope of reporting requirements, essential elements, reporting timelines, and best practice examples. We will also focus on the implementation and compliance requirements of the Directive, as well as the impact of the Directive on companies' reputations, financing costs and information markets.