One way companies can raise immediate capital or mitigate the risk of being able to collect on their accounts receivable is to sell them off to a third party -- otherwise known as “factoring.” What is it, how does it work, and under what circumstances should a company factor?

Board governance has changed in recent years, with transparency and visibility into the role increasing just as the pendulum swings between the demands of regulatory compliance and the strategic needs of companies. In this podcast, McKinsey’s Bill Huyett joins Werner Rehm to talk about how board governance has changed—and how CEOs and CFOs can work together to improve a company’s performance.

Managers at most companies understand the value of re-allocating resources from unproductive investments into more productive ones, but in practice they seldom do. In this podcast, McKinsey’s Yuval Atsmon and Werner Rehm examine how managers can overcome some of the obstacles that get in the way of more nimble reallocation. Yuval is a principal in McKinsey’s London office and Werner is an Equity Partner in the New York office.