Sunday, April 22, 2007

CFOs, this is your job description.

P/S - a painting

Keith Stephenson, the advisory partner of PricewaterhouseCoopers and Asia Pacific leader of performance improvement came up with the list in an article written by Sonia Kolesnikov-Jessop of A&B.
  1. Complying with reporting requirements.
  2. Ensure no surprises.
  3. Getting the audit committee to give you a thumb up on your general standard of corporate governance.
  4. Get yourself to move from being a guardian of numbers to the frontline of generating shareholder value.
  5. Managing movement offshore.
There is a need for a CFO to move up the value chain, staying relevant and keeping pace with business development as rallied by Lim Yen Suan, executive director of KPMG's Risk Advisory Service.

Is the general lack of such movement giving rise t0 a trend of non-accountants taking on the role of CFOs?

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