IAFEI Quarterly - 38th Issue

LETTER OF THE CHIEF EDITOR Dear Financial Executive, You receive the IAFEI Quarterly XXXVIII th Issue. This is another issue of the IAFEI Quarterly, the electronic professional journal of IAFEI, the International Association of Financial Executives Institutes. This journal, other than the IAFEI website, is the internal ongoing professional information tool of our association, destined to reach the desk of each financial executive, or reach him, her otherwise, at the discretion of the IAFEI member institutes. This issue is the eighth one under the regime of the New Start for the IAFEI Quarterly. This new start has been backed up by the IAFEI Board of Directors decision of October 13, 2015, to establish an Editorial Board consisting of now 11 IAFEI representatives from all continents. The IAFEI Global CFO Survey Quarter 3, 2017, included in this issue, reports that optimism remains strong all over the world, an encouraging situation. Globalisation and Free Trade are other important themes of this issue. Most articles of this Quarterly issue are from inside IAFEI sources. But still: More IAFEI member institutes should contribute articles. I repeat our ongoing invitation, to all IAFEI member institutes, and to each of their individual members, to send us articles for inclusion in future IAFEI Quarterlies. With best personal regards Helmut Schnabel Chief Editor 3