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Programme video Note: Please make sure you have Windows Media Player installed on your computer to view the videos.Go to the download page. |
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Description |
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With increasing competition, limited resources, pressure for sustainable growth, and so much more, CEOs need access to accurate information, especially from their CFOs. The requirements of a CFO have and will continue to evolve. Increasingly, CFOs are playing a more proactive and important role in strategy development and implementation. To be readily equipped for these demands, CFOs must have an array of management and communication skills, as well as experience in strategic decision-making. |
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Objective |
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The programme aims at:
- helping participants with their company's strategy development and communication
- developing necessary competency and capabilities to be a real strategic partner to the CEO
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Participants |
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The programme is exclusively tailor-made for CFOs, Finance Directors, and senior-level Finance Managers with at least 8 years management experience, who are taking the role of strategic partner to the CEO or other top decision-makers in the corporations. It will also provide value to board members who are intended to enhance their finance knowledge so as to make better decisions. |
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Benefits |
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Participants in the programme will:
- broaden business vision and develop strategic thinking capability
- enhance financial analysis and planning skills
- become a real value-creator for the company by implementing value-based management
- help the company earn credibility, especially among investors and shareholders
- better leverage resources to maximise financial performance
- be able to design a proper performance measurement system for strategic implementation
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Coverage |
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Module 1: Assessing Business Environment and Formulating Strategy (June 19-21, 2008) CFOs are increasingly participating in corporate strategic decision-making, which require them to break the boundary of traditional financial arena. It becomes a must for CFOs to understand the implications of changes in macro-economy and government policies, and possess strategic perspectives. This module includes the following topics:
- Interpretation of macro-economic trends and government policy
- Strategy formulation and implementation
Module 2: Leading Corporate Growth through Value Creation (July 23-26, 2008) The pace of China’s financial sector reform accelerated during recent years: the implementation of a more flexible floating exchange rate system, marketisation of interest rates, allowance of stock repurchases, and the introduction of important new financial instruments and hedge tools such as swaps, forwards, financial futures and options. In addition, the stock market reform of free-floating shares, the inflow of foreign financial capital and industrial capital, and the need of internationalisation of Chinese enterprises promise to bring a new wave of M&A. These new developments present new risks, opportunities and challenges to CFOs. At the same time, they provide CFOs with more choices and instruments to manage the firm’s financing, and risks. The following aspects shall be discussed in this module:
- Mergers and acquisitions and its financing
- Leverage buyouts and structured financing
- Dividend and share repurchase
- Stock options
- Risk management (especially currency risk measurement and management)
Module 3: Enhancing Professional Skills in Analysis and Communications (September 18-21, 2008) Sun Zi said: “Knowing the other and knowing oneself, in one hundred battles no danger”. To be an effective CFO, on one hand, it is essential to identify within the firm the major accounting fields where the ambiguity means both danger and opportunity; on the other hand, it is important to master powerful tools in order to decipher the competitors’ financial situation. After a series of financial scandals in China and around the world in the past several years, strengthening the financial information disclosure and corporate governance mechanism is becoming a major battlefield of capital market watchdogs. In this context, CFOs should be aware of the consequences of these new regulations of their firms. This module covers the following issues:
- Accounting rules evolution
- Grey areas in accounting
- Insights into financial statement analysis
- Corporate governance
- Financial information disclosure and investor relationship
Module 4: Implementing Strategic Cost Control and Performance Measurement (November 7-10, 2008) CFOs should fully utilise and integrate management tools such as balanced scorecard, budgeting and action-based costing. This module introduces and discusses the tools from a strategic angle, hence promoting CFOs’ cost control and performance measurement capabilities. The following aspects shall be discussed in this module:
- Cost structure, profitability of the firm, and risk management
- Cost allocation and strategic cost management
- Relevant cost analysis
- Budgeting, standard costing and variance analysis
- Optimal transfer pricing
- Performance evaluation, performance metrics, and management compensation
Module 5: Enhancing CFOs' Leadership Nowadays, CEOs want CFOs to lead and perform highly visible roles that draw on a broad skill set. Being able to step beyond the traditional job parameters and lead is essential for an excellent CFO. We offer various leadership programmes. Participants of CFO programme can make a choice among them according to their own specific need and time and venue convenience. As a reference, we include the programmes that are available in 2008.
- Leadership and Change Management
- Leadership Programme for High Potentials
- Women in Leadership Programme
In addition to the above five core modules, several evening talks on some critical issues in the finance area will be arranged to enrich the programme content and increase the practical aspect of the programme. Speeches will be given by experienced practitioners and the topics include: legal issues, EVA, Mergers & Acquisitions, MIS and Tax in practice. Finalised topics will be announced during the programme. |
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Faculty |
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Professor Zhao Xinge - Programme Director
Professor Xu Bin
Professor Terence Tsai
Professor Chang Chun
Professor Xu Dingbo
Professor Ding Yuan
Professor Katherine Xin
Professor Howard Ward
Professor Jean Lee |
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Venue |
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This programme will be conducted at CEIBS campus at 699 Hongfeng Road, Pudong, Shanghai. |
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Admissions |
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- Fill out and submit the application form
- CEIBS interview (incumbent CFOs and Finance Directors may be exempted from interview)
- Eligible candidates will receive admission notices
If a confirmed booking is cancelled within 15 working days of the start of the programme, or if the applicant fails to attend the programme, a cancellation fee equaling to 20 percent of the total programme fee will be charged. If an applicant is unable to attend the programme, the applicant may transfer to another CEIBS Executive Education Programme within the same calendar year. When a request to substitute participant(s) for the same programme is made less than 15 working days prior to the start of the programme, the seat(s) will not be guaranteed.
Contact Information Ms. Emily Zhang Tel: (86 21) 2890 5186 Mobile: 13651716612 Fax: (86 21) 2890 5183 E-mail: zemily@ceibs.edu Ms. Joanne Wu Tel: (86 21) 2890 5192 Fax: (86 21) 2890 5183 E-mail: wjoanne@ceibs.edu |
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* CEIBS reserves the right to amend information on this programme including price, date, location, faculty, daily schedule and other details. |
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