The changing role of the Chief Financial Officer
The changing role of the Chief Financial Officer
Globally, the role of the Chief Financial Officer (CFO), sometimes referred to as the Finance Director, has transformed over the past decade due to the global financial crisis, rise of big data and the impact of social and digital media.
Traditionally, the CFO role entailed supervising,managing and engaging the work of the financialcontroller, credit manager and insurance manager,and duties including managing investments,analysing expenses and tracking regulatory trends.All pretty challenging tasks in themselves but theexpectations of the Chief Executive Officer (CEO)and indeed the Board of Directors (“Board”) of theCFOs require that the focus of the role will need tochange.
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