CHIEF FINANCIAL officers are being held back by the relationship between finance and other groups within their company, according to a report by KPMG.
The report, based on interviews with 18 CFOs, found that almost all of the participants cite some form of people challenges as blockages to their success.
CFOs do, at least, recognise that they need to address the issue, with one respondent commenting that the toughest chore finance faces is in communication.
“Their willingness to continually evolve not only adds value to their business; it also fills the missing link in many organisations by improving relationships with other corporate support functions,” said Patrick Fenton, partner and UK head of financial management consulting at KPMG.
The report added that FDs are struggling to assemble and retain finance staff with the right skills to reflect the new demands being placed on the finance function.
A joint report revealed that a large chunk of FTSE 100 firms are painting “an inaccurate picture” for shareholders in company reports
The People’s Operator FD Matt lea has stepped down from his role due to personal reasons
Sports leaders recognise the value of engagement, and finance leaders should recognise that engagement delivers measurable business performance. Our KPIs should reflect that