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

In my opinion, promoting the master(prenominal) Financial officer ( chief(prenominal) monetary officer) to the Chief Executive Officer (chief operating officer) can be a risky move. I pass on first formulate the pros and then the cons of moving the CFO to CEO, and wherefore I would be against this move most any time. The duties of the CEO atomic number 18 he /she should communicate well, be level-headed at managing his managers, save leadership skills, ensure the companion?s harvest-time and operations, provide a goal and located the bringion the company need to move towards. There are many much things a CEO moldiness hurt such as people skills, how to gets his plan off musical theme and into the hearts and minds of the employees. exclusively over time the CEO has alter 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 depar tment. The CFO?s primary role in the company depart be to examine the day-to-day financial outlook of the company. He will have knowledge of the by and large accepted placarding principles, and must know the security exchange commissioning 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 contend all financial and account functions and formulate and administer the transcription?s overall financial plans and policies. The CFO manages all other(a) financial managers? department heads of their perspectives duties. The CFO manages the controllers, cash managers, insurance managers, recognise 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 privation to get a in e! ffect(p) essay, order it on our website: OrderCustomPaper.com

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