g.t.(tom) gunn, cfa, icd.d chair, ridgewood capital
TRANSCRIPT
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G.T.(Tom) Gunn, CFA, ICD.D Chair, Ridgewood Capital Advisory Board
Presentation to the Vancouver Chapter
Financial Executives International March 8 2012
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What is a great CFO? Who decides what great means What the Judges thought important Balancing various interests Career management: where are they now? Real world issues
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1. The Chief Accountant 2. The Cash Manager 3. The Finance Specialist 4. The Capital Markets Specialist 5. The General Manager to whom the
Chief Accountant reports
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Where do you fit: inside the box or outside?
What did you think the job was about when you took it?
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More than just numbers but what?
What is your relationship with... 1. The CEO 2. The Board 3. The bank 4. The shareholder(s)
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Initially members of the Toronto Chapter
Subsequently included Sponsor reps – they brought different perspective Diversity: only a minority of judges had been/currently were a CFO
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How long does it take to produce a Great CFO? Is a CFO a financial officer or something else? Do great CFOs come from a finance or accounting track? Is there a real difference between a large and small company experience?
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Is a great CFO more than a senior professional?
How much of a general Manager?
Can a parachute CFO be a great CFO?
How much growing on the job?
..
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Career achievements? Creativity and innovation? Has there been internal recognition? Does the staff do all the work?
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Are there blots on the record? a) Have past results been restated?
b) Have past results at a previous company been restated?
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Professional standards and corporate interest
Professional standards and the CEO objectives
Balancing shareholder interests
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Caesar’s Wife or Caesar’s Henchman?
CEO and CFO relationship
Regulated company issues: is the regulator the boss?
Your investment banker and you
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Job tenure and the CFO
The hidden secret: the professional unemployment rate
What’s next: up or up and out?
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Peter Currie – CFO RBC First winner. Retired Peter Rubenovitch CFO Manulife Retired Claude Mongeau CFO CN Promoted to President Karen Maidment CFO BMO Retired
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Professionalism and integrity Changemaker skill The Strategic leader
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New rivals in the executive suite
Caesar’s wife issues
More visibility means more scrutiny if something goes wrong
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The CFO with integrity
The internal reorganization
The international reorganization
The technology change
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The great CFOs are also great general managers
Great CFOs are great tightrope walkers
Promotable CFOs have more than financial skills
Nothing is worse than great ideas carried to extremes
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