Ten Qualities Of An Effective CFO
Source: Bank of America
An effective chief financial officer is critical to the success of any organization; an ineffective one may be the reason for its failure. Bad CFOs are easy to spot, but what about the average ones, with some good qualities but also some key limitations? A failure to replace or supplement the work of an average CFO can have far-reaching negative economic and organizational consequences. On the other hand, even an average CFO can be useful. If a CFO averages between 50 and 60 but scores well in integrity, business and financial knowledge, work ethic and reliability, retaining the person but hiring an interim financial manager might be the answer.