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February 2007
By Hugh Lindsay, FCA, CIP Being a Chief Financial Officer has seldom been more challenging. Shareholders expect companies to have a management team that can deliver results in a competitive, volatile, litigious and constantly changing business environment. At the same time, rigorous securities legislation and regulations related to governance and corporate disclosure are placing increased demands on boards of directors, CEOs and management teams. To meet board and shareholder expectations, CEOs must have a strong executive team that includes a CFO who understands the business and has vision, technical competence, the ability to communicate and exceptional interpersonal and management skills. This document addresses the realities facing CFOs and offers suggestions on how they can adapt to meet the challenges. The material is presented in four sections. The first: The Roles of CFOs describes what CFOs are expected to be. The next three explore the resources CFOs need to be able to meet expectations: Relationships, Skills and Knowledge, and The Finance Function. Purchase a hard copy Download a soft copy |
