“ The CFO function has developed into a practical business partner for operations , bringing the position closer into line with the rest of the company ”
Hanadi Khalife Senior Director , Middle East , Africa , and India Operations at Institute of Management Accountants ( IMA ) experience due to increased regulatory requirements , particularly relating to reporting and accounting standards . The CFO function has developed into a practical business partner for operations , bringing the position closer into line with the rest of the company .
Just as the demands on CFOs have expanded , the CEO skills gap has shrunk becoming easier to close over the past 10 years . However , the transition from CFO to CEO — from inward-looking to outwardfacing — will not always be simple . By nature , the CEO position is one of the most demanding in the business .
Tomorrow ’ s CFOs will need to play a role in preventing overly onerous and burdensome regulation . They will need to lobby on behalf of the business , put in place business processes and protocols that negate the need for more regulation , and influence relevant policy development . They will also need to ensure that the finance function has specialist expertise to resolve regulatory challenges .
For CFOs who aspire to become CEOs , they must possess the will to steer their business in a clear direction while still maintaining an open mind , as well as an intense desire to learn . Even though these traits can be learned via experience , if they are not already present , they should immediately be integrated into the CFO current toolkit .
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