(from FEI Daily) The role of all financial leaders continues to expand, as does the CFO position specifically, as organizations rely on finance to manage or run additional core business functions. According to a recent survey by McKinsey & Company, on average five functions other than finance report to the CFO. That often also includes a company's risk, regulatory compliance and IT staffs.
That’s why when boards of directors search for a CFO or financial leader, they often cast a wide net to capture the unique personal and technical skills required to run a modern finance function, said Leslie Seidman, currently a board member at Moody's Corporation and General Electric and the former chairman of the Financial Accounting Standards Board. Seidman explained that boards often seek leaders with a combination of “EQ and IQ,” saying that EQ is defined as someone’s “emotional intelligence quotient.” “Technical skills are often table stakes today. You won’t even get to the interview unless you possess them,” Seidman added.
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