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

In my opinion, promoting the pass Financial officer ( chief(prenominal) pecuniary officer) to the Chief Executive Officer (chief operating officer) can be a risky move. I pass on first excuse the pros and then the cons of moving the CFO to CEO, and wherefore I would be against this move most either time. The duties of the CEO atomic number 18 he /she should communicate well, be level-headed at managing his managers, start leadership skills, ascertain the companion?s harvest-time and operations, provide a goal and cross out the demandion the company need to move towards. There are many much things a CEO moldiness feature such as people skills, how to gets his plan off newsprint and into the hearts and minds of the employees. totally over time the CEO has ameliorate 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 primary role in the company depart be to examine the day-to-day monetary outlook of the company. He will have knowledge of the mainly accepted placarding principles, and must know the security exchange focus 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 bring off all financial and account functions and formulate and administer the nerve?s overall financial plans and policies. The CFO manages all some other financial managers? department heads of their perspectives duties. The CFO manages the controllers, cash managers, insurance manage! rs, point of reference 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 wish to get a in effect(p) essay, order it on our website: OrderCustomPaper.com

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