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CFOs need to project themselves as big-picture thinkers: VS Parthasarathy

July 01 , 2022

Source: Economictimes:

The CFO-turned Board Vice-Chair says a CFO as a board member has a bigger role to play than acting as a number-cruncher or discharging the fiduciary duties. Board directorship gives CFOs an opportunity to assert their viewpoints in high-level decision-making processes or strategy-developing phases in the company.

Finance leader VS Parthasarathy shares top learnings from his journey to becoming Board Vice-Chair of Allcargo Logistics. He also discusses his thoughts on the valuation and profitability of current startups as well as his experience mentoring Chief Finance Officers.Parthasarathy has over 35 years of rich experience. He has served as the Group CFO & Group CIO at Mahindra Group earlier. Below are the edited excerpts from the interaction.

Q: Let us begin by asking you about the significance of the Board Directorship to a CFO? You are Vice-Chairman at logistics company Allcargo. Prior to this, you were a Board member at Mahindra

VS Parthasarathy: Well, a CFO as a board member has a bigger role to play than acting as a number-cruncher or discharging the fiduciary duties. Board directorship gives CFOs an opportunity to assert their viewpoints in high-level decision-making processes or strategy-developing phases in the company.