Do you think finance departments are the best place to train future CEOs?

I believe that the finance department is the best coif to train future CEOs of wide corporation. In todays society everything is ran by money and how well you know and spend personnel in a corporation. In a large corporation, the Chief Financial Officers (CFO) are the experts in the corporations financial situations. genius of the best reasons to send executives who are being groomed to manufacture Chief Executive Officers (CEO) to the financial department is they will manufacture aware of all the financial situations the corporation has. Now with that said, thither are legion(predicate) other areas of particular interest when recommending a CFO to become a CEO.
There are pros and cons of hiring a CFO to be a CEO. One of the pros of hiring a precedent CFO to become the CEO as stated higher up is that in a down economy when the market is non doing well investors look much to a greater extent critically at the business performance and management strengths and weaknesses of their companies. As stated in CFO.com, With rock-solid accounting now a high priority for many companies and a lightning rod for shareholders and regulators, financial expertise has become a much sought after skill in bodied boardrooms. Indeed, some boards appear to be specifically seeking by experienced finance executives to help lead their companies in the post-Sarbanes-Oxley world.



Shareholders loss to ensure they will not lose any more money in the ever-unstable market of the last few years. Although it is somewhat a gamble with investing, having someone that can maintain a company financially and keep accurate records of the companys day-to-day business is a priority.
Another pro of a CEO coming out of the finance department is that in many companies CFOs are expected to interact with analysts and stockholders. Often, the CFO moldiness accompany the CEO on conference calls with analysts and on lane shows, where analysts want the financial details most logically communicate by the CFO. This requires the finance chief to not...If you want to get a full essay, order it on our website: Orderessay



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