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Tag Archives: Professional CFO

The new-age CFO and his many avatars

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Many avatars of the new age CFO

The one key element that has changed the way of doing business is the flow of information. The new-age CFO must now realise that he is no longer expected to linger in the background and surface every time the results are to be announced.

As the one person in the organisation who has intimate knowledge of both the past performance and the expected future growth, it becomes his responsibility not only to steer the company towards a better future but also be able to provide a transparent, big picture view of the future, to internal stakeholders, customers and investors. Continue reading

Family Owned vs MNC: How does it impact a CFO’s life?

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With over 90% of the businesses run in India promoted, owned or managed by families, is it possible for an ‘outside professional’ to play the role of CFO?

Do such businesses require a ‘professional CFO’ in the first place? Is it possible for a CFO to operate independently and yet win the trust of family promoters? How can a CFO from a structured corporate environment make a tangible difference to family managed companies?

Soumitra Bose, an ex-Lever Finance Director, shares his experience of having made the transition from a leading Professionally Managed Global Consumer Goods major to India’s largest Family Owned/ Managed Flavour and Fragrance Company as their Group CFO.

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