Many members of the boards of not-for-profit organisations seem to turn off when finance is mentioned. I can remember doing governor training at a college when a governor arrived late and said: “Oh, it’s finance training? If I’d known I would not have turned up”.
I have come across some wise words from Emmanual Faber (CFO at Danone) who noted:
Finance without strategy is just numbers, and strategy without finance is just dreaming.
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