Singapore CFOs inexperienced

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Asean Affairs 22 October 2011

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A significant number of Singapore's chief financial officers (CFOs) have relatively little relevant experience, a new study released on Friday has found.

Half of them have spent less than three years in their roles, and a significant proportion do not even have a background in audit.

But continuing professional development opportunities would help these finance chiefs perform their jobs better, added audit giant KPMG, which conducted the poll among 461 CFOs of Singapore-listed firms.

"What is clear is that executives in Singapore need more professional development opportunities."-Mr Tham Sai Choy, managing partner of KPMG in Singapore The study showed that 50 percent of the CFOs have spent less than three years in the role, with about 20 percent having been in the position for less than one year.

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ASEAN ANALYSIS

This year in Thailand-what next?

AseanAffairs 04 January 2011
By David Swartzentruber

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

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