Role of CFO Rapidly Evolving to Strategic Executive

June 13, 2011

By Vince Molinaro, Managing Director, Leadership Solutions
The role of the chief financial officer in Canada is rapidly evolving from traditional technician to strategic executive, according to a study by the Canadian Financial Executives Research Foundation (CFERF) and Knightsbridge Human Solutions.

An increasingly important aspect of their role now is to support executive decision-making and to act as a strategic leader, found Beyond the Numbers: The Evolving Leadership Role of the CFO. This means CFOs would benefit from broadening and developing key skills such as communication, relationship-building and team investment in addition to their traditional areas of expertise.