From Scorekeepers to Architects: CFOs asTransformational Leaders
While some things always stay the same, for better or for worse, other things keep changing (also for better or for worse). If you’re the CFO or financial head of a business, you are in a prime position to influence how change is handled. And in addition to the “usual” developments within a company, we are looking at quite a few bigger shifts coming at us: economic crises, profound transformation in regulatory environments, and the unpredictability of pandemics and other emergencies. Some of these challenges are handled by addressing environmental, social and governance (ESG) issues, both internally and externally. On the environmental side, there are new regulations like the E.U.’s Corporate Sustainability Reporting Directive (CSRD) coming up, with similar legislation in many countries in Asia and Latin America as well.
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