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Financial Directions - CFOs talk of their fear and loathing.
(From Financial Director)
Protecting Value 2003, a US study by Financial Executives Research Foundation, FM Global and the National Association of Corporate Treasurers, asked global CFOs and risk managers to identify the top hazards to earnings drivers and the disruption the hazards would cause.
Nearly two-thirds of CFOs cited personnel and customer support as the top earnings driver for their companies, compared with just 22% of risk managers. Only one-fifth of CFOs view IT and telecommunications as the most important, compared with 44% of risk managers.
Less than 10% of CFOs view property-related hazards, such as fire/explosion and mechanical breakdown, ...
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