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Magazine Article
Financial executives as leadership stewards
2013
Overview
To help their organizations navigate the challenges and complexities of today's business environment, financial executives must become leadership stewards. Financial executives are uniquely positioned to go beyond their functional roles and become leadership stewards, providing the active checks and balances the enterprise needs to be its best, guarding the organization's values, monitoring its ethics and evaluating both short- and long-term considerations. Leadership stewards model the desired behavior of the enterprise. They work on the business, not just in it. Financial executives are the essential co-pilots of the firm with the CEO. The CFO needs to be the CEO's best friend and worst critic. To fulfill these stewardship responsibilities, even as they discharge their responsibilities of financial management and reporting, financial executives should employ these three advanced leadership practices: 1. steel and velvet, 2. head and heart, and 3. alignment. Financial executives can deliver even greater value to their enterprises by embracing a larger responsibility beyond financial strategy, innovation and mechanics.
Publisher
Financial Executives International
Subject
