A Chief Financial Officer (CFO) is one of the few people in any organization who can balance financial conflicts between management teams and other interest groups best. This position serves as an objective sentinel, and can guide other functions when they draw excessively on resources to achieve narrow business goals. A CFO is not merely an accountant or a treasurer, and it takes years of experience, as well as broad exposure to play this role to the full.
Credit Suisse is a formidable member of the global financial fraternity. Its management systems can teach you more than semesters in business schools. Credit Suisse has a particularly good track record in dealing with a number of environmental challenges, diverse customer categories, and all systems of national governance. A professional accountant from this venerable institution is an invaluable resource for stock market investors.
A CFO from Credit Suisse could be precisely what any ‘business doctor’ would prescribe for the ambitious targets the Financial Corp. (POFN.F) management has set. We will probably see a whole new set of business structuring initiatives as the new CFO adjusts to sitting on the other side of the funding table, but the existing management as well as the rest of us only stand to gain by learning sound business management fundamentals.
Though Power Financial Corp. (POFN.F) is a significant player of financial services in Canada, it has cleverly spread its revenue nets well beyond the home country. The Power Group, which owns controlling stocks in (POFN.F), acts as a holding corporation with footprints in some key sectors of the world economy.
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