Security News > 2020 > December > CFOs taking strategic roles after overcoming COVID-19 challenges

CFOs are taking on greater strategic and enterprise-building roles after guiding their organizations through the challenges of COVID-19.

CFO Research of Argyle Advisory & Research Services and FTI Consulting surveyed 325 corporate finance executives to better understand how CFOs and the finance function drive enterprise value.

Five key themes The work of CFOs during the pandemic has earned them the right to be strategic leaders in their organizations, as the pandemic shined a spotlight on their ability to lead via corporate scenario modeling and planning.

"In the past year, particularly with the global impact of the COVID-19 pandemic, CFOs and finance leaders have shown greater resolve and strategic leadership than ever before," said Gina Gutzeit, Leader of the Office of the CFO Solutions practice at FTI Consulting.

"Going forward, CFOs will be employing 'purpose-built' interaction models, redefining their offices as a gathering spot for effective, in-person collaboration. This will require real estate decisions, compensation adjustments across geographies and focus on their employees' mental health and engagement," said David White, a Senior Managing Director in the Office of the CFO Solutions practice at FTI Consulting.

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