Don't distract CFOs with work beyond finance functions: Sias

A call has been made to allow multitasking chief financial officers (CFOs) to focus on company finances.

Speaking at the CFO Connect Symposium this morning, president and chief executive of the Securities Investors Association Singapore (Sias) David Gerald said CFOs should not be distracted by other tasks like investor relations or technology and risk management.

He noted that CFOs are increasingly being seen to be the face of the company.

But Mr Gerald stressed the CFO "has to strike the delicate balance of being the voice of reason and assuming a broader role in imparting sensitive competitive information".

His comments came as a research study on close to 700 Singapore-listed companies found that nearly a third of their CFOs are doubling up as investor relations officers.

The study was conducted by the Singapore CFO Institute, CPA Australia and KPMG.

Mr Gerald said that with CFOs juggling many roles, coupled with increased regulatory requirements on listed firms, "Sias observes a concentration risk," he added.

About 150 people attended the symposium held at the Marriott hotel on Thursday.