Durham, NC (PRWEB) January 23, 2013
Durham, NC (January 22, 2013). The role of the CFO will expand significantly in 2013, according to a recent report released by TBM Consulting Group in partnership with the CFO Alliance. The 2013 CFO Sentiment Study surveyed a diverse group of private and public-sector CFOs on topics that ranged from G&A spending and succession planning to unemployment and healthcare reform.
A New Leadership Role
The study makes it clear that while the challenges are significant—including economic headwinds and legislative uncertainties— CFOs anticipate taking on a greater strategic presence in the year ahead, with 72% of those surveyed citing an expectation of greater involvement in setting corporate direction and creating long-term shareholder value.
A Positive Outlook
The top three 2013 planning and budget-impact concerns of CFOs emerged as government policy and regulation, employee productivity and consumer confidence. Falling to the bottom of the list were corporate responsibility, sustainability and green initiatives. 66% of those surveyed expect 2013 revenues to grow, down from 67.5% in 2012, while 37% anticipate margin improvements in 2013, up from 35.5% in 2012.
Register to read the entire 2013 CFO Sentiment Study, or contact Angela Scenna, Marketing Director, TBM Consulting Group, Inc. at 800.438.5535 or Nick Araco, CEO and President of the CFO Alliance, 610.316.1660.