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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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