Do you think finance departments are the best place to train future CEOs?

I believe that the finance surgical incision is the best ready to train future CEOs of wide corporation. In todays society everything is ran by money and how rise up you know and set down personnel in a corporation. In a biggish corporation, the Chief Financial Officers (chief financial officer) are the experts in the corporations financial situations. star of the best reasons to send executives who are being groomed to retrace Chief Executive Officers (CEO) to the financial department is they will reconstruct aware of all the financial situations the corporation has. Now with that said, in that location are legion(predicate) other areas of particular interest when recommending a chief financial officer to break a CEO. There are professional persons and cons of hiring a chief financial officer to be a CEO. One of the pros of hiring a precedent chief financial officer to become the CEO as say higher up is that in a down economy when the market is non doing well investors look much to a greater extent critically at the business performance and management strengths and weaknesses of their companies. As stated in CFO.com, With rock-solid accounting now a high priority for m any companies and a lightning rod for shareholders and regulators, financial expertise has become a much sought after skill in bodied boardrooms. Indeed, some boards appear to be specifically desire by experienced finance executives to help lead their companies in the post-Sarbanes-Oxley world.

Shareholders loss to ensure they will not lose any more money in the ever-unstable market of the last few er years. Although it is somewhat a gamble ! with investing, having someone that can aver a attach to financially and keep accurate records of the companys day-to-day business is a priority. Another pro of a CEO coming out of the finance department is that in many companies CFOs are expected to interact with analysts and stockholders. Often, the CFO moldiness accompany the CEO on conference calls with analysts and on lane shows, where analysts want the financial details most logically communicate by the CFO. This requires the finance chief to not...If you want to aspire a full essay, order it on our website: BestEssayCheap.com

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