【正文】 Vision for the FutureQuilmes Industrial, Argentina..............................................3John Schmoll: Managing the Information FlowColes Myer, Australia .........................................................7Angela Holtham: Moving Away from TransactionsNabisco, Canada ...............................................................11HeinzJoachim Neub252。Frank Moers, University of Maastricht。 and? Assisting developing countries as they explore the benefits of management accounting.Finally, my thanks to those members of FMAC who anized this project to bring these leading interviews to our attention. This group consisted of:Bill Connell, Director of Risk Management, BOC Group plc。? To provide an international forum for exchange of information regarding current development and emerging issues that shape the management accounting profession.The FMAC weles any ments you have on this booklet. Comments should be sent to:Technical DirectorInternational Federation of Accountants3 / 42535 Fifth Avenue, 26th FloorNew York, New York 100173610 USAFax: +1 2122869570Email: Copies of this paper may be downloaded free of charge from the IFAC website at .Copyright 169。 and? Build public awareness, understanding and demand for their services。? Sharing of best practice in this field globally。Richard Mallett, Technical Director, Chartered Institute of Management Accountants。rger: Treasury Will Take PrioritySiemens, Germany .............................................................15Jan Hommen: Being the Process OwnerPhilips, Holland .................................................................19Norman Lyle: Part of the Team – But ApartJardine Matheson, Hong Kong .........................................23Sten Fornell: Chief Planning OfficerEricsson, Sweden ...............................................................27Tony Isaac: Strategic Changes to the Finance RoleBOC Group, United Kingdom ...........................................31Iain Lumsden: Concern About Global MarketsStandard Life, United Kingdom.........................................35John Connors: The Importance of CommunicationMicrosoft, United States ....................................................39A couple of insights from two of the Chief Financial Officers interviewed during this project sum up the scale of the change they expect across the next decade. John Connors is CFO of Microsoft. “People will have access to information in a way that they never had in the past,” he said, “which means the premium on municating financial information will be enormous.” Jan Hommen is global CFO of the electronic giant, Philips. His message was simpler but no less apocalyptic. “The speed at which you will have to do things will be mindboggling,” he said. The interviews with 10 of the greatest CFOs of our era around the world covered a wide range of issues. But it was always information, its uses and power, which lay at the heart of what they were saying. They also thought that the role of the CFO would move towards one where acting as guardian of that information and acting as a steward and pliance officer was the central responsibility. They thought that the position of the CFO as a pivotal role within a corporate structure would continue and the relationship with the CEO, whether as restraining influence, guardian of the corporate conscience, or as the real strategist behind the board’s plans, would be at the heart of that.They felt that the changes within the role of the CFO would reflect the way the finance function would bee a process system, with much of it outsourced or achieved through joint ventures. They felt that the finance function had to remain the bedrock but had to bee more strategyoriented. This would change the nature of the people who became CFOs. Out would go the figuresbased CFO and in would e leaders with strong personalities and a wide understanding of markets and cultural issues. The essence of the changes predicted was that the role of the CFO in the year 2022 would be shaped by their position on a global corporate stage.Norman Lyle, Group Finance Director of Jardine Matheson in Hong Kong, summed up the way CFOs would change. “The CFO,” he said, “needs to guard the information. The CFO is now often seen as the automatic deputy CEO and is the person who deals with the outside world’. John Schmoll, CFO of Coles Myer, Australia’s largest retail group, thought the CFOs of the year 2022 “will have to be experts at interpreting the information and municating it to the anization.” Sten Fornell, CFO of telemunications giant Ericsson, suggested that, as already happens in technology panies, “you are pretty deep in the operational side and you don’t work very much with pure finance.”“In the future,” said Tony Isaac, who progressed from CFO to CEO at BOC, the industrial gases giant based in the UK, “much of the CFO’s role will include strategic planning, financial planning and risk management.” Iain Lumsden, currently Finance Director of Standard Life, the giant Edinburghbased financial services group, is another who is about to bee CEO. But he provides a note of skepticism about the growth of information. “I haven’t seen a corresponding increase in useful information,” he said. “There has been a huge increase in useless information.”CFO2022 The CFO and the Role of InformationOverview by Robert Bruce2 / 42But it is the global which dominates. Angela Holtham, who recently stepped down as CFO of Nabisco in Canada, was clear on that. “It is all going to be global,” she said. “Everything about a business needs to be global and less and less specific to any given country.”These changes will, in their turn, change the responsibilities of the CFO. “The CFO will need the conviction and courage to stand up to their business colleagues,” said Norman Lyle. “For