Institute issues guidance for CFOs.
Corporate boards need to oversee strategy, performance and risk effectively to ensure that their organisations remain successful in the long term, according to a new report from the institute.
Based on the conclusions of a discussion held at a recent CIMA event, "The role of the CFO on the modern board" identifies four key tasks for CFOs: financial security; compliance and control; strategic direction; and building capability.
It states: "The CFO is the guardian of the integrity and rigour of all management information, both financial and non-financial, from inside and outside the organisation, across different time frames."
The report, which can be downloaded from bit.ly/CIMAroleOfCFO, explores the CFO's key relationships throughout the organisation and also offers advice on how to make the optimum use of a board's time.
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|Title Annotation:||The institute: Insights for CFOs; AGM voting reminder; changes on social media|
|Publication:||Financial Management (UK)|
|Date:||Feb 1, 2015|
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