MTI to roll out new CFO and CEO survey results

Wednesday, 4 September 2013 00:00 - - {{hitsCtrl.values.hits}}

Subsequent forum to question “Should CFOs directly report to the board?”

The MTI CFO Survey currently underway in preparation for the MTI CFO Forum to be held on 30 September will be probing some of the contemporary challenges encountered businesses in the area of corporate finance.

While MTI Corporate Finance will be presenting the findings of the MTI CFO and CEO Surveys, six of Sri Lanka’s top CFOs will be taking part in the panel deliberations. The panels will be led by MTI Corporate Finance Associate Consultant Mano Tittawella and MTI CEO Hilmy Cader. “A close look at major corporate scandals around the world has its roots in corporate finance, compliance and/or governance. This is despite the ever tightening compliance and reporting protocols. It is here that the CFO has a much bigger role to play than the conventional treasury and reporting functions” said Associate Consultant of MTI Corporate Finance Mano Tittawella. MTI CEO Hilmy Cader poses the question; should CFOs directly report to the board, at least in public quoted companies, so that there can be a neutral challenging and check on how share holder wealth is being managed by the business? This will be one the key areas to be probed as part of the MTI CFO Survey 2013, which will also look at international best practices in corporate finance. MTI Corporate Finance provides a comprehensive range of services to help organisations such as incorporating a new business; from due diligence to feasibility studies, fund a new business or capitalise an existing one, from IPOs to private placement facilitation, M&A facilitation, ensure governance, compliances and risk management, provide advisory and out-sourced business support services in areas such as taxation, company secretarial and commercial legal.