FEW UK CFOs think their company is effective at managing investments across markets with significantly different growth rates according to a report from Ernst & Young
In a survey of over 750 CFOs world-wide two thirds of UK CFOs replied that they do not believe their organisation is good at balancing resource allocation between developed and rapid-growth markets.
The report added that most UK CFOs also lack confidence in communicating this investment balance across divergent markets to the investor community.
Les Clifford, partner and chair of E&Y’s CFO Programme in the UK and Ireland, said that CFOs need “to manage a very difficult and complex equilibrium across markets which are very different in terms of their characteristics, risk/return profile and performance horizons.
“This balancing act, at a time when competition for capital is so fierce, also requires the CFO to focus on a communication strategy that gives the investor comfort that management are in control of what they are doing in these diverse markets.”
Businesses will have to think more strategically about where they can source those non-audit services in the future
Powell, who recently stepped down as chairman and senior partner at PwC, is set to join FTSE 100 firm Capita
The FD's of two highly respected British businesses have added their signature to a letter formed by the Remain campaign
The regulations, which come into force today, force large companies to tender their statutory audit at least every ten years, and change their auditor every 20 years