Ludzula Mukhuwana

From News24: The National Arts Council (NAC), which was at the centre of corruption allegations in the disbursement of R300 million meant for artists and creatives, says it has charged its suspended CEO Rosemary Mangope and CFO Clifton Changfoot. According to the forensic report, they received irregular payments of R511 452 for performing the work …

Covid-19: NAC CEO, CFO charged over disbursement of R300m Read More »

From CFO.COM: Walmart’s longtime corporate finance executive Brett Biggs is stepping down from his position as the company’s CFO. As CFO, Biggs was responsible for accounting and controls, corporate strategy and development, business planning and analysis, global procurement, internal audit, treasury, tax, and investor relations. Biggs, who has held the top finance post since 2015, …

Walmart CFO Brett Biggs Is Stepping Down Read More »

From CFO.COM: Chief financial officers, known for demonstrating strong professional ethics, must play a leading role in navigating these challenging times. CFOs must support their CEOs, cross-functional partners, boards, and owners by shining light on the ethical blind spots and helping protect against potentially severe errors in judgment. CFOs and their teams of finance and …

Small business CFOs must build ethical awareness Read More »

Companies seeking CFOs, or even CFOs recruiting financial analysts, are also encountering a fast-evolving hiring landscape. That new dynamic is reflected in the fact that some searches, once begun, have been postponed—and even cancelled; months-long hiring processes have been compressed into days; and succession planning has sometimes been abandoned, in favour of luring former CFOs …

Finding CFO: How executive search has evolved during the pandemic Read More »

CEOs have turned the CFO into their advisor and second-in-command. The CFO is like the Hand of the King in Game of Thrones, the one person who has the courage and knowledge to question the ruler. Recent opinion pieces seem to take the MBA’s side more often than the accountants. The degree and certification, of …

Do MBAs or accountants make better CFOs? Read More »

Unlike a mid-level accountant who can take the time to learn the business and systems, a new CFO is expected to hit the ground running and quickly ascertain how effectively the company is delivering on its business objectives. An industry-experienced CFO can quickly serve as a strategic partner to both the C-level team and non-financial …

How Much Industry Experience Does Your New CFO Need? Read More »

We present evidence that although individuals with accounting expertise bring key skills to the financial reporting responsibilities of the chief financial officer (CFO) position, they tend to lack educational and career experiences relevant to nonaccounting responsibilities (e.g., operations and strategy) Read more here.

The Chief Financial Officer (CFO) is an important role – and one that continues to expand and transform. As growing uncertainty and risk permeate every organization, and businesses begin to think about value beyond a shareholders’ perspective, the CFO role is an increasingly central one. These changes beg an important question: should the CFO be …

Revisiting the Question “Should a CFO be an Accountant?” Read More »

Over the past five years, 12% of companies have changed their CFOs each year on average, although there was a spike at nearly 20% in 2018. Despite the apparent urgency with which companies are seeking to increase the diversity among their senior executive ranks, the number of women in senior finance roles remains alarmingly low: …

European CFO Route to the Top Read More »