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We've spent a lot of time on the issues of streamlining Finance operations and the CFO's evolving role in developing strategy. Have "faster, better" financial information and models been translated to faster strategic decision-making by Boards of Directors? Or do we still go through the traditional "show and tell" presentations by management to boards, followed by the same old discussions and votes? Are the results "better"?
What potential might there be for bringing Boards more deeply into governance and risk assessment issues than in the past, all without adding significantly to a Director's required time commitment?
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