
CFO MasterClass
Duration: 3 Days
Overview
Outline
A CFO’s mastery of the financial skill is a given; however, such a skill alone is not enough to become a successful corporate leader. The finance function is a core component of the operational structure.
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It serves as a guardian of the shareholder’s resources by providing financial stewardship, making effective value-creation decisions, managing the financial risk and practicing good corporate governance. Consequently, a successful leader in this area needs to be armed with a variety of additional skills, including: an awareness of organisational and personal psychology, ability to manage a variety of stakeholders, a strong and effective communication skill, adapt to innovation regulatory changes, and possess an astuteness akin to politics.
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This course is designed to develop and fortify the CFO’s skills and acts as a primer for the attendee to become a more visionary and charismatic leader.
The Evolving Role of Finance
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Historical perspective
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Current trends
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Possible future role
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How Finance is viewed by others
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Board presence and participation
Corporate & Finance Strategy
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Understanding the corporate strategy
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Developing the finance strategy
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Aligning the two strategies
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Focusing on goal congruence
Fostering Financial Leadership
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Identifying and optimising individual leadership style
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Developing the right mindset and skillsets
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Leading by facilitating and guiding
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Importance of expertise and integrity
Building Trust and Partnership
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Insight into organisational psychology
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Fostering management links and communication channels
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Projecting a partnership mentality
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Finding a balance between maintaining confidentiality and providing information
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Use of diplomacy and politics
Developing the Right Team
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What is the right team?
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What kind of factors make a finance team successful?
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Acquiring a balance of skills
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Leading and guiding the team
Viewing Finance as a Service Provider
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Identifying stakeholders
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Understanding the needs of users and customers
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Customising service and information according to customer needs
Importance of Communication
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What is the right team?
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What kind of factors make a finance team successful?
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Acquiring a balance of skills
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Leading and guiding the team
Dealing with Change & Business Dynamics
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Instilling awareness of commercial and economic factors
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Helping the Executive management understand and evaluate opportunities
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Driving performance improvement across the organisation
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Managing innovation and cultural changes