BY LEAPROS® Finance & Accounting
For many CFOs, the idea of achieving a satisfying work-life balance is something of a fantasy. The hours are long, and the pressure to excel — making certain every big-picture strategy is sound, virtually every detail precisely right — is extreme.
Despite a trend toward internal CFO appointments, only a third of companies have succession plans in place, research shows. The corporate finance field is renowned for its discipline, but there’s one area where CFOs display what might appear to be an extraordinary degree of complacency.
Women account for 12.6% of CFO positions in leading businesses, according to analysis of C-suite volatility in more than 673 large companies, most of which are based in the United States, by executive search firm Crist | Kolder Associates. That’s nearly double the percentage from a decade ago.
Six CFOs from diverse industries reveal their top business objectives for 2018. Next year promises to be an exciting (and, possibly, very critical) year for many companies. Interest rates may finally head higher, workers may be tougher to find, valuations pricier, and consumer spending more robust. Or, as CFOs know all too well, none of that may happen.
What keeps corporate directors awake at night? Advances that could upend a successful business model, rapidly shifting global economies, and cyberattacks, to name a few.