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Outline the priorities affecting the future role of Chief Finance Officer.

Outline the priorities affecting the future role of Chief Finance Officer.

Answers

Martin
i. Regulator: regulations requirement are increasing and CFOs have an increasingly personal stake in regulatory adherence.

ii. Globalization: the challenge of globalization is creating need for finance leaders to develop a finance function that works effectively on the global stage and that embraces diversity.

iii. Technology: it is evolving very quickly, providing the potential for CFOs to reconfigure finance processes and drive business insight through „big data? and analytics.

iv. Risk: the nature of the risks that organizations face is changing, requiring more effective risk management approaches and increasingly CFOs have a role to play in ensuring an appropriate corporate ethos.
v. Transformation: there will be more pressure on CFOs to transform their finance functions to drive better services to the business at zero cost impact.

vi. Stakeholder management: stake holder management and relationships will become important as increasingly CFOs become the face of the corporate brand.

vii. Stakeholder management: stakeholder management and relationships will become important as increasingly CFOs become the face of the corporate brand.

viii. Strategy: there will be a greater rate to play in strategy validation and execution, because the environment is more complex and quick changing, calling on the analytical skill CFOs can bring.

ix. Reporting: reporting requirement will broader and continue to be burdensome for CFOs.

x. Talent & Credibility: a brighter spotlight will shine on talent, capability and behaviours in the top finance rate.
marto answered the question on March 4, 2019 at 10:14

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