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What to expect from a CFO?
 

What to expect from a CFO?

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What to expect from a CFO? By Ian Durant

What to expect from a CFO? By Ian Durant

www.cfoevent.com

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    What to expect from a CFO? What to expect from a CFO? Presentation Transcript

    • What to expect from a CFO?Discussion thought provokers:
      Who are the stakeholders?
      CFO roles – building blocks
      Typical roadblocks
      CFO personal characteristics
      Discussion
    • Who are the stakeholders?
      How do you wish to be perceived by all of these?
      Chief Executive
      Headhunters
      Shareholders
      Divisional Directors/Peers
      Analysts
      Brokers/Advisers
      Auditors
      Debt providers
      Finance & IT Teams
      External Business Partners
      NEDs
      Other Functions
      Audit Committee Chair
      Chairman
      Media
    • CFO Roles: career building blocks?
      Analyst and chief interpretation officer
      Treasury/funding ... Chief banking relationship manager
      Performance evaluator and arbiter
      Priority setter for the board/business
      Co-pilot CE and business partner to divisions
      Business Partner to divisions
      Presentation external and internal
      Chief shareholder manager ... Who owns the broker, analyst and investor relationships?
      Strategist ... and tactician
      International business
    • CFO Roles: career building blocks?
      Capital expenditure allocator (Cont’d)
      Financial control and risk management
      Tax
      M & A – lead or support?
      Team development and management – motivation and leadership
      Procurement?
      Cost reduction leader
      Operational management and troubleshooting
      Company’s conscience?
      Publications function
    • CFO RolesPossible discussion topics
      1.How does the role of the CFO change if your company becomes financially stressed?
      2.How do you handle conflict with your CE?
      3.How broad is your role/do you think a CFO’s role should be?
      4.How far ahead do CFOs plan their careers?
      5.How can CFOs best prepare for their chosen career path?
    • Typical Roadblocks for CFOs
      • CE who interferes
      • CE who lacks follow through/support
      • Pulling in different directions to CE (or the directors)
      • CE wants the FD to have focus you don’t agree with
      • Audit Committee/Board which won’t listen or act
      • The needs of the business may determine a narrower role for the FD
      • Legacy finance team inadequacies
      • Hiring talent from weakness
      • Turf warfare with divisional directors
      • Relationship with auditors
      • Poor quality information – “I believe/you believe”
      • Downgrading performance expectations
      • External business partners have different agendas
      • Unethical behaviour
      • Finance team corpus – designing and managing dotted lines
      • Reputational risk is a function of many factors – some uncontrollable
    • Typical RoadblocksPossible Discussion Topics
      1.Do you recognise any of these roadblocks?
      2. How have you/might you address them?
      3. When to resign?
      4. How do you deal with unethical behaviour?
    • CFO Personal Characteristics
      Adaptable/ style flex
      Inspirational
      Challenging & Supportive
      Engaging
      Consistent
      Persuasive
      Tenacious
      Principled
      Clear
      Gravitas
      Ego-less
      Human
      Strategic
      Commercial
      Numerate
      ?
      Team Orientation
      Apolitical
    • Personal CharacteristicsPossible Discussion Topics
      Do you agree with my choice of descriptors?
      What is ‘gravitas’ and how do you achieve it?
      What personal characteristics have I forgotten?