Harvard Business Review

DECEMBER 1, 2017

The answer involves radically reframing one of the mainstays of the C-suite — the role of the CFO. It’s no longer adequate or acceptable for CFOs to simply focus on managing the financial risks of a company. Be accountable for cyber risk. or Target, and protect our shareholder value?

CFO 9

CFO CIO Budgeting Long-term 9

Harvard Business Review

JULY 19, 2012

Who Owns Risk Management? Compared with metropolitan competition like London, Moscow, New York, Sydney, and Tokyo, the hub of the Canadian pacific offers a deep discount on the cost of housing, and is, on balance, competitive on other key indicators like a cup of coffee, a movie ticket, and an international newspaper.

CFO 20

CFO Discount Price Cost 20

Harvard Business Review

JULY 19, 2012

Who Owns Risk Management? Compared with metropolitan competition like London, Moscow, New York, Sydney, and Tokyo, the hub of the Canadian pacific offers a deep discount on the cost of housing, and is, on balance, competitive on other key indicators like a cup of coffee, a movie ticket, and an international newspaper.

CFO 10

CFO Discount Price Cost 10

Harvard Business Review

JUNE 20, 2016

This is not surprising: Growing regulation, increased investor focus on governance issues, and scary new categories of corporate risk (e.g. But in an era where governance and risk agendas are driving board conservatism, there is real risk that these data sets will be used to drive conformity, not evaluate strategy.

Benchmarking 10

Benchmarking Company Short-term Long-term 10

Harvard Business Review

MAY 26, 2017

A cybercriminal might impersonate a CFO or CEO, and then send an email to accounts payable asking for a wire transfer, or to HR requesting a dump of employee tax information. Integrate email security into your organization’s risk management program. Security is a business problem more than an IT problem.

Supply Chain 8

Supply Chain System CFO Operations 8

Harvard Business Review

DECEMBER 8, 2016

Listening, Derek Melis, his friend and CFO, was relieved. Rogier hadn’t once mentioned holacracy or self-managed teams, even though the executive team and the board had been talking for months about transitioning to just such a system at the global construction company. Please don’t let that cloud your judgment as CFO.

Case Study 8

Case Study Decentralization CFO Construction 8

Harvard Business Review

JANUARY 24, 2013

And unfortunately, they suggest that, in our huge, complex financial institutions, major failures of organizational discipline and major losses are likely to recur, despite greater attention to risk management. The risk limits set were too vague and broad. And, the Value at Risk (VaR) model was badly flawed, understating risk.

Report 8

Report CIO Crisis Committee 8

Harvard Business Review

NOVEMBER 9, 2012

A recent study (also from IBM) indicates that more than 70% of CMOs feel they are underprepared to manage the explosion of data and "lack true insight.". Gene Morphis, former CFO of CVS and David's Bridal suggests: "There is an interesting intersection between risk management and innovation that emerges in the CMO-CIO interface."

CIO 8

CIO Chief Information Officer Norton Technology 8

Harvard Business Review

JUNE 28, 2013

Surprisingly, many people say it was "how to have the IT risk conversation.". As one CFO told me, the phrase "IT Risk" contains two dirty words. The word risk makes him feel uncomfortable. Fortunately, there is a way to talk about IT risk — and understand risk — in terms that make sense to every manager.

Agility 8

Agility How To Incentives CFO 8

Harvard Business Review

OCTOBER 22, 2013

She kicked off her October management team meeting, which I was attending, by reading the following passage from my book: The dangers of taking too much risk are very clear. I felt that Walter had just given the management team a well-deserved kick in the pants—and they summarily dismissed it without letting it sink in.

COO 8

COO Short-term CFO Pharmaceuticals 8

Harvard Business Review

MAY 14, 2012

We began by lining up the biggest sponsor to champion the project, identifying the most powerful naysayers to help us mitigate the risks we were about to introduce, and then systematically recruiting our general management structure to do the real legwork. We collaborated with our CFO to think through the budget and prize strategy.

Innovation 11

Innovation CFO Learning-by-Doing Brainstorming 11

Harvard Business Review

AUGUST 23, 2012

The risks and penalties are real. Just ask Gene Morphis, ex-CFO of clothing retailer Francesca's. The latest enterprise social media management systems, offered by companies like Radian 6 , Hearsay Social , and my company, HootSuite , allow firms to assign limited permissions to certain employees.

Compliance 15

Compliance Media Compliance Officer Policies 15

Harvard Business Review

JUNE 16, 2015

And as an HBS white paper points out, even some of today’s most mainstream executives — from the CTO to even the CFO — were once just new positions created to deal with “significant opportunities and risks emerging from technological or social disruptions.” Insight Center. The Future of Operations.

Constraint 8

Constraint Supply Chain Resources Operations 8

Harvard Business Review

MAY 8, 2013

Later that afternoon Annabel Howard, Beacon''s CFO and Henry''s boss, leaned back in her chair. "I''m Managing multiple brands, running separate IT systems, setting different price structures — it would be a mess.". Think about it from a risk management perspective, Annabel. A Third Opinion.

Case Study 8

Case Study Brand How To Beyer 8