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Australian CFOs need to broaden their remit – Beyond monetary scrutiny
Nov 8, 2019 | 10 min
In 2020, CFOs need to rethink their vision for the financial growth and health of the company to include innovation, welfare, and collaboration.”
Traditionally, the role of the CFO is to keep a check on the financial health of a company. This includes cost optimisation, improving operating margins and profitability; and assessing and hedging financial risks.
Findings from the Banking Royal Commission report highlighted that Australian businesses, beyond FSI, need to bolster their governance practices and create more transparency in reporting.
This requires the CFO to take a wider perspective of their…