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Sarbanes-Oxley News & Developments
Do You Have A First Rate Finance DepartmentA great workplace for finance professionals are not necessarily what you would think.
> > How do you know you are running a first class finance department? It is easy to offer up obvious markers like low cost capital, accurate forecasts, and financial transparency. The pursuit for greater productivity can actually exhaust and eventually demoralize a workforce.
Settling on what constitutes a top-notch finance operation can stir up a heated debate. Our view of some experts said that a skilled finance chief does not necessarily make for a great finance department. The most dysfunctional finance department seen by Tom Casey, a partner in human-resources consultancy Buck Consultants, had probably the best CFO he had seen. The CFO was a numbers whiz, says Casey, but he did not have a clue about running a team of happy, harmonious, high-achieving workers.
CFOs, no matter how dazzling, are only as good as their cast of supporting characters.
Source: CFO
Published:2003-09-24
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