ICAP seminar on role of CFOMarch 13, 2014
Karachi : The Southern Regional Committee of the Institute of Chartered Accountants of Pakistan (ICAP) organized seminar in collaboration with the Institute of Business Strategy, New Jersey on the topic “The CFO: Becoming a Strategic Partner” today at a local hotel. Saleem Sufi, Strategist based in the U.S & Executive Director at the Institute of Business Strategy was the speaker.
Saleem Sufi emphasized on Changes and Challenges for the CFOs who are fulfilling the role of a strategic partner to the CEOs. In today’s organizational challenges CFO’s role is transformational – leadership of change that is creating synergy and building teams. CFOs need to apply vision, determination and above all a steady and methodological pace to reap the benefits across the organization.
The workshop opened by Adnan Rizvi, CPD Convener SRC who shared few insights related to the topic with the participants. Saleem Sufi said that a CFO needs to be aware of the overall strategy to achieve the targets set by the CEO or Chairman of the organization. He highlighted how strategy is a controlling and regulating device for setting organizational direction. Relevant examples were shared of Global companies and how they are maneuvering their strategic direction as per the requirement and demands of the end user.
A brief closing ceremony was held where Riaz A. Rehman Chamdia, Vice President ICAP South, distributed the course completion certificates to the participants. Finally, Junaid Shekha, Chairman SRC presented the memento to Saleem Sufi and concluded the evening with comments and a vote of thanks.
The workshop was attended by CFOs of leading organizations of the country from a diverse range of sectors including Education, Financial Services, FMCG, Media, Oil & Gas, Pharma, Steel & Allied and Telecom.