From CFO to CEO: Do you think finance departments are the best place to train future CEOs?

In my opinion, promoting the promontory Financial officer ( chief(prenominal) fiscal officer) to the Chief Executive Officer (chief operating officer) can be a risky move. I pass on first apologize the pros and then the cons of moving the CFO to CEO, and wherefore I would be against this move most each time. The duties of the CEO are he /she should communicate well, be level-headed at managing his managers, expect leadership skills, clear the companion?s harvest-time and operations, provide a goal and restrict the repointion the company need to move towards. There are many much things a CEO moldiness energise such as people skills, how to gets his plan off report card and into the hearts and minds of the employees. whole over time the CEO has change these skills as he has climbed up the corporate ladder on his way to the top. The CEO must have vision, be a decision maker, risk taker, and constantly on the pulse of every head managers department. The CFO?s prima ry role in the company depart be to examine the day-to-day financial outlook of the company. He will have knowledge of the in the main accepted placarding principles, and must know the security exchange fit regulations. The CFO should be able to handle the capital financial backing and operational financing with ease. The duties of the CFO vary widely.

They wangle all financial and account functions and formulate and administer the fundamental law?s overall financial plans and policies. The CFO manages all another(prenominal) financial managers? department heads of their perspectives duties. The CFO manages the controllers, cash managers, insurance m! anagers, doctrine managers, and many other lying-in under there direct supervision. ?A competent chief executive must have an understanding of number, that doesn?t concoct that an understanding of the numbers is all it takes to make a good CEO. If finance is the only skill... If you require to get a in effect(p) essay, order it on our website: OrderCustomPaper.com

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