CSuite Financial Partners’ Post

Boardroom Disconnect and the Price of Poor Communication   The recent mass resignation of 23andMe's independent directors serves as a stark reminder: effective communication between the board and executive leadership isn’t just a “nice-to-have”—it’s essential to governance. As independent directors raised concerns over a lack of a fully financed proposal to take the company private, the communication breakdown became irreparable.   Leadership and boardrooms need to prioritize clear, proactive dialogue, especially when the stakes are high. It’s not enough to convene after the fact; anticipating disagreements and maintaining open, strategic conversations about long-term direction can prevent disruptions like this. CEOs and directors should continuously check the pulse of their relationship, making sure they are aligned before any major shift is proposed. When communication falters, so does trust—and in this case, the cost was the company’s entire board.    #BrioFinancial #FinancialAdvisory #cfowhisperer #spacwhisperer #accounting #auditprep #financialreporting #secfilings #ipo #briofinancial #iporeadiness #venturecapital #gopublic #transactionservices #technicalaccounting #startupacceleration #spac #microcap #Innovation #Leadership #Acquisition Brio Financial Group David Briones Ian Rhodes, CPA

Insights for #CFOs eyeing up the #CEO role 👇 ✅ Embrace Digital Transformation ✅ Continue to Upskill ✅ Collaborate Across Functions ✅ Take Calculated Risks #executiveleadership #leadershiproles #strategicthinking #transition

If the early years of a CFO’s tenure are about dousing any fires, scoping out the challenge, and pulling together the core team, midtenure is when the best finance leaders get bold. To understand how CFOs can find that higher gear, we interviewed eight former finance leaders about their midtenure moves. Here are the four midtenure priorities we identified: https://lnkd.in/dzCgyJ_Q #CFO #strategy #finance #CorporateFinance

Steven Gaven, our new Chief Growth Officer, and Christina Walsh, our incoming Chief Financial Officer, bring with them a wealth of experience and expertise that will undoubtedly fuel our continued success and growth. Thanks to Citywire for featuring these executive appointments. These pivotal additions to our leadership team represent our commitment to driving innovation and excellence in the financial services space. Welcome Christina and Steve! #SageViewAdvisoryGroup #SageView #ExecutiveAppointments #FinancialLeadership #WealthManagement #FinancialServices Click below to check out the full article!

If the early years of a CFO’s tenure are about dousing any fires, scoping out the challenge, and pulling together the core team, midtenure is when the best finance leaders get bold. To understand how CFOs can find that higher gear, we interviewed eight former finance leaders about their midtenure moves. Here are the four midtenure priorities we identified: https://mck.co/4boboxU #CFO #strategy #finance #CorporateFinance

In the last decade, we’ve seen new C-suite titles, #chiefdigitalofficer, #chiefrevenueofficer, and earlier this year, re-shaping the role of the #CFO into #chiefvalueofficer (described in a joint report by ACCA and BDO). On December 15th, the Impact Foundation is announcing the Chief Value Officer of the Year (the first ever prize of this kind).   “Is this a signal of a real #breakthrough in executive boards? Or does it risk that ownership for #valuecreation becomes associated with a single functional area or that it continues to be second to #valuecapturing?”.   In a conversation with Paul Verdin, one of our ELP Network founders, we discussed the importance of executive teams together taking ownership for value creation.    “Value creation for customers and society must go first in a company’s strategy, because you cannot capture value for shareholders, employees and re-investing into growth, if you are not creating value and getting paid for it.”    If the role of the CFO re-shaping into CVO is a sign of focusing firstly on value creation for customers and society, before value capturing for the company, let’s accelerate this transition.    If, however, it is simply a re-naming exercise, leading to delegating all value creation to the ownership of one executive (rather than the team) and becomes a shorthand for value capturing to continue to dominate decision making, it should be challenged.   Paul’s research (together with Koen Tackx) shows that companies who distinguish between value creation vs. value capturing experience longer term, sustainable growth. They generate a #movement and internal dynamic in their company to orient value capturing activities (how we make money) in service to the value created and brought to the outside world.      We typically see that value creation is not present enough in the decision making of executive teams, more often delegated to strategy and/or marketing, where it actually sits at the center of driving the #sustainablegrowth of a business.    How are you talking about value creation and for whom in your company? How is the role of CFO evolving? Which dilemmas do you experience when you distinguish between value creation vs. value capturing?   You can also read a short insight by Paul on value creation and capturing (see link in comments).

Do you have a CFO or CVO in your company and are you talking more about the ‘growth’ of your Financials or your Value?

I love Marjorie Lao's quote that the job of the CFO "is not to necessarily be the person who says no but to say, ‘Yes, as long as we do this’ or ‘Yes, under these conditions.’ That’s a mindset change from finance as resource guardian to finance as business enabler.” For more tips from former CFOs, see this compelling article on mid-tenure priorities...

If the early years of a CFO’s tenure are about dousing any fires, scoping out the challenge, and pulling together the core team, midtenure is when the best finance leaders get bold. To understand how CFOs can find that higher gear, we interviewed eight former finance leaders about their midtenure moves. Here are the four midtenure priorities we identified: https://lnkd.in/ey6_9WBF #CFO #strategy #finance #CorporateFinance

If the early years of a CFO’s tenure are about dousing any fires, scoping out the challenge, and pulling together the core team, midtenure is when the best finance leaders get bold. To understand how CFOs can find that higher gear, we interviewed eight former finance leaders about their midtenure moves. Here are the four midtenure priorities we identified: https://lnkd.in/gwVbBWr4 #CFO #strategy #finance #CorporateFinance