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.
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.
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