Why today's CFO's are not afraid to get their hands dirty
Bob Roy, ERA AdvisorA recent Ernst & Young/Greenbiz Group Report notes that CFOs are taking a bigger role in Corporate Sustainability programs because of the financial impact on cost reduction and risk management programs.  A significant 74% of survey respondents said that cost reduction was a "key driver" to their sustainability plans; 61% responded that managing risks was the leading factor. Several trends were identified as key trends in sustainability, including: - The growth of sustainability reporting.
- The rise in the role of CFO's.
- The emergence of key stakeholders within the organization responsible for programs and reporting.
- The rise of awareness of scarcity of business resources and their effect on core business objectives.
Click here to read more, including supporting findings from the second annual Sustainability & Innovation Global Executive Study by the MIT Sloan Management Review and The Boston Consulting Group. |
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More CFO's switch jobs in 1Q 2012
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In case you missed it, recruiting firm Heidrick & Struggles recently reported that the 11.5% turnover rate among large company CFO's remains well below the 2008 pre-Great Recession peak of 18%.
As reported in CFO, turnover among finance chiefs (defined as the number of positions that open up at Fortune 1000 companies during the year) tends to be higher when the economy is performing well.
Certain sectors showed noticeable swings in both directions.
Upward. In the financial-services industry, for example, the turnover rate climbed from 12% to 17%; and tech companies went from 7% to 12%.
Downward. Industries with lowered turnover included the industrial sector, down from 29% to 24%; and life sciences, down from 9% to 3%.
Click here to read the full article in CFO. |
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