PKF Carr & Stanton, Hastings, New Zealand
The Secret of Absolute Value
04 Mar 2016
We all know that running a business always has some sort of financial risk attached. The companies that do well are the ones that put in place proactive steps to monitor, evaluate, and manage their risk exposure. Some do this on their own, others with the help of their business advisor (such as PKF Carr & Stanton).We have noticed that some organisations feel this is the responsibility of their CFO or Financial Controller, but we believe that financial risk management is also very much a strategic issue which needs input from the board.
The following three areas require more attention at a governing board level:
Talk to us to understand how you can identify these and other financial risks. We can assist you with putting specific financial tracking measures in place, so you can measure and manage your business. The key is to ensure your board is involved and are equipped to have these discussions with you.
Governing a company’s financial performance is only part of a board’s responsibility.
For more information on how our services can help your business get in touch.