Quest for balance: CFO Drive, Support and Comply Robin Fieth, ICAEW Executive Director, Finance & Operations National Conference 2011, Institute of Chartered Accountants of Sri Lanka
BUSINESS WITH CONFIDENCE icaew.com Copyright © ICAEW All rights reserved. Quest for balance The CFO – human or superhuman? Robin Fieth, ICAEW Executive Director, Finance & Operations National Conference, Institute of Chartered Accountants of Sri Lanka, 2011
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BUSINESS WITH CONFIDENCE icaew.com Copyright © ICAEW All rights reserved. We expect a finance manager in an operating company….to wear three hats…… the second as an active (not a non-playing) member of the management team… S.R. Harding, FCA, Deputy Controller, Royal Dutch Shell Group, 1963
BUSINESS WITH CONFIDENCE icaew.com Copyright © ICAEW All rights reserved. The FD’s role is becoming more complex and more demanding …. Board of Chartered Accountants in Business, 1993
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BUSINESS WITH CONFIDENCE icaew.com Copyright © ICAEW All rights reserved. A framework of finance activities………. …..and the drivers that shape their implementation
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BUSINESS WITH CONFIDENCE icaew.com Copyright © ICAEW All rights reserved. Show consistency Promote community interests Achievements Qualities Commitments Motives Moral values Be honest and truthful Be fair Comply with laws Be open and adaptable Take corrective action Behavioural characteristics of integrity
BUSINESS WITH CONFIDENCE icaew.com Copyright © ICAEW All rights reserved. “You start off your career thinking that there are all these gods in the boardroom who are all powerful …….. ….. and you realise fairly early on that they’re just human beings with quite a lot of the frailties that we all have.” Richard Pennycook, Group FD William Morrison Supermarkets
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Quest for balance: CFO Drive, Support and Comply Panel Session