Gartner Blog Network

CFO Resignation Exemplifies Data Stewardship

by Mike Rollings  |  October 27, 2010  |  2 Comments

In Loraine Lawson’s post “CFO Resigns After ‘Data Integration Glitch’” she reports that TUI Travel CFO Paul Bowtell resigned last week after the company announced it had overstated revenues. Loraine states that the press release and the UK articles all note this problem was “the accounting error in the integration of IT systems in its UK mainstream business”.

When Loraine tweeted the link to the article she asked “This company does have a CIO…Wonder how he got off?”  I think the answer is simple and much more than honor which is listed in the blog post.

I do not have any additional information beyond Loraine’s post, but I believe the reason the CFO resigned is because “the CFO” is the answer to the question “who is responsible?”

Yes, the data was flawed.  Yes, the systems were implemented by IT and the CIO was the data custodian.  But, ensuring that financial data is accurate is the responsibility of the CFO.  In this case the data may not have been stewarded, but the CFO is taking responsibility like a data steward.

If every business on the planet internalizes this lesson, stewardship may finally be noticed as a business priority.  The information environment (and the application portfolio) have been ignored for too long.  Businesspeople must become reacquainted with their stewardship responsibilities for the enabling technology environment, and IT departments must help them repatriate stewardship into the business.

Category: it-governance  management  

Tags: stewardship  

Mike Rollings
Research VP
5 years at Gartner
28 years IT industry

Mike Rollings is VP of Gartner Research within the Professional Effectiveness team. His research discusses what IT professionals need to know about transformation, innovation, human behavior, contextual strategy, collaborative organizational change, communication and influence, and cross-discipline effectiveness . His research can be read by IT professionals with access to Gartner for Technical Professionals (GTP) research. Read Full Bio

Thoughts on CFO Resignation Exemplifies Data Stewardship

  1. […] This post was mentioned on Twitter by Jovi Umawing, Uptime Devices. Uptime Devices said: CFO Resignation Exemplifies Data Stewardship […]

  2. Good point. I couldn’t find any explanation beyond that mentioned, either.

    This certainly helps explain why biz people aren’t lining up to be data stewards.

Comments are closed

Comments or opinions expressed on this blog are those of the individual contributors only, and do not necessarily represent the views of Gartner, Inc. or its management. Readers may copy and redistribute blog postings on other blogs, or otherwise for private, non-commercial or journalistic purposes, with attribution to Gartner. This content may not be used for any other purposes in any other formats or media. The content on this blog is provided on an "as-is" basis. Gartner shall not be liable for any damages whatsoever arising out of the content or use of this blog.