ICAEW.com works better with JavaScript enabled.

Continue reading

The CFO and strategy

Rick Payne explores the CFO’s many roles in strategy, how to overcome barriers and define your approach

As one interviewee told me during our work on the CFO and strategy: “A CFO who does not take a leading role in strategy is not really a CFO.“

It is certainly an evergreen topic. Back in 1997, an Arthur Andersen report quoted the then-CFO of Philips: “The job here requires not just financial exposure, but it requires a management understanding. You must play a key role in strategy; you must play a role in every element of the company.” I must confess I get grumpy when commentators argue that the CFO’s strategic role is somehow new. But it does seem to be the case that some CFOs are not contributing as much to strategy as they could.