Earlier a CFO’s role was much easier compared to what it is today, shared Keki Mistry, Vice Chairman & CEO, HDFC with four decades of experience. Today, apart from finance function they now have to additionally focus on environment, social, governance (ESG), digitalisation, and cybersecurity.
“Understandably it has been a challenging period over the past three years as devastating and unprecedented non-economic forces have, in some way, reshaped the global economy,” he stated. The battle-hardened CFOs have also gained rich experience in managing a volatile economic environment due to pandemic, Ukraine war, and global recession. In Spite of the barrage of challenges, “Successful CFOs have managed to use these times to display their skills in the boardroom,” Mistry stressed.
Therefore, with so many variables to contend with, the responsibilities of CFOs have extended far beyond the traditional profile. Mapping the expectations from CFO, here are top 10 advice from Mistry to help CFOs navigate the challenges in an ever-changing environment:
1: Never ignore perils of over leveraging:
Mistry described leverage as “a…
