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Audit Committee Brief: June 2012

Finance and the War for Talent


For the past 20 years, there has been a talent war. Today, fresh from economic battles, domestic and global companies may face shortages in their finance leadership pipelines. As companies face greater business challenges in response to increased globalization and financial regulation, the skills required of finance executives continue to expand. In the years ahead, vigilant audit committees and finance organizations may need to focus on identifying and developing finance talent. In assessing the finance organization's ability to meet future challenges, it is essential for audit committees to understand how financial management has developed a talent strategy, defined what finance means to the organization, identified critical workforce segments, and established programs to develop leaders.

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