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Five reasons why you need a good FD
It ought to be the entrepreneurs' motto: 'When the going gets tough, the tough make sure they've got a great finance director.' Because all the innovation, marketing and production nous in the world isn't going to save a company - or keep its growth rate up - if the financials start to go wrong. We're not saying 2008 is definitely going to be tricky... but it could be.
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We recently revealed what private equity managers' think about their investee finance executives. That survey elicited some really interesting feedback... from FDs in PE-backed businesses. Seems they recognise the attitudes we uncovered – and they've given a few observations about life as a PE-backed finance leader, too.
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A new survey reveals what private equity backers look for in company finance functions.
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There aren't many finance directors who haven't at some point been first-class financial controllers. But just because you're a great FC, that doesn't mean you can automatically expect to step up to the board. Richard Young looks at what else you'll need to make the move.
