Odgers Berndtson: Developing The CFO Of The Future
The role of the Chief Financial Officer (CFO) is changing, and increasingly companies are looking for a broader set of skills and leadership abilities when appointing their CFO. This study, by Odgers Berndtson, takes a careful look at the changing role of the CFO, combining statistical evidence from the last decade with insights on current expectations and responsibilities gained from interviews with directors and senior executives from some of Canada’s leading corporations.
The study confirms that in today’s dynamic business environment much is expected of the CFO, going far beyond traditional accounting skills. Increasingly the CFO is seen as an invaluable business partner for the Chief Executive Officer and an influential member of the leadership team – as concerned with facilitating the company’s growth and capacity for innovation, as with protecting its financial integrity.
Results of the study served as a catalyst for the Rotman School of Management, in partnership with a team from Odgers Berndtson, to create a unique leadership development program designed specifically for Chief Financial Officers and those aspiring to the role. The program, “Business Leadership for Finance Executives,” focuses on those strategic and leadership competencies which are now so important for success in this crucial role.
It provides an opportunity for finance executives to step outside of their day-to-day responsibilities and think deeply about the experiences, skills and capabilities essential to enhancing their effectiveness as senior finance leaders and members of the C-suite.
It is the hope of both Rotman and Odgers Berndtson that this study will provide companies with insights into how to identify and develop truly exceptional financial executives for their organizations.