Talent and Leadership CFOs' Top Concerns

(from Accounting Today) Nearly half of surveyed CFOs say they are "mostly" or "extensively" concerned about their organization's ability to manage leadership and talent needs, according to a new report from the American Institute of CPAs and North Carolina State University's Enterprise Risk Management Initiative. Other top concerns include the impact of the economy (42 percent), disruptive innovations (40 percent), shifts in consumer/social demographics (34 percent) and social media harming their organization's brand (30 percent). The poll surveyed 445 CFOs and other senior finance leaders.

Other findings:

• 59 percent of respndents agree that the volume and complexity of corporate risks have largely changed in the last five years.
• Respondents cited a growing demand for chief risk officers.
• 65 percent of organizations have management-level risk committees, up from 22 percent in 2009.
• Less than 20 percent of respondents view their risk management processes as providing "important strategic advantage."

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