From CFO to CEO: Do you think finance departments are the best place to train future CEOs?

In my opinion, promoting the headland Financial officer ( chief(prenominal) fiscal officer) to the Chief Executive Officer (chief operating officer) can be a risky move. I pass on first develop the pros and then the cons of moving the CFO to CEO, and wherefore I would be against this move most both time. The duties of the CEO ar he /she should communicate well, be level-headed at managing his managers, stick leadership skills, examine the companion?s harvest-time and operations, provide a goal and train the orderion the company need to move towards. There are many much things a CEO moldiness apply such as people skills, how to gets his plan off account and into the hearts and minds of the employees. all(prenominal) over time the CEO has modify these skills as he has climbed up the corporate ladder on his way to the top. The CEO must have vision, be a decision maker, risk taker, and constantly on the pulse of every head managers department. The CFO?s primary rol e in the company depart be to examine the day-to-day monetary outlook of the company. He will have knowledge of the mostly accepted placarding principles, and must know the security exchange delegation regulations. The CFO should be able to handle the capital financial backing and operational financing with ease. The duties of the CFO vary widely.

They wield all financial and account functions and formulate and administer the musical arrangement?s overall financial plans and policies. The CFO manages all former(a) financial managers? department heads of their perspectives duties. The CFO manages the controlle rs, cash managers, insurance managers, reli! ance managers, and many other lying-in under there direct supervision. ?A competent chief executive must have an understanding of number, that doesn?t concoct that an understanding of the numbers is all it takes to make a good CEO. If finance is the only skill... If you compulsion to get a in effect(p) essay, order it on our website: OrderCustomPaper.com

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