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Finance chiefs say their capital allocation strategy needs an overhaul, new EY study shows
- Eighty percent of CFOs say their capital allocation process needs to be improved, and more than half (56%) say their strategy needs to be completely rethought.
- Only 47% say their capital allocation process effectively meets total shareholder return goals.
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NEW YORK, March 11, 2021 /PRNewswire/ Chief financial officers (CFOs) agree that the COVID-19 pandemic s effects on companies have catalyzed a major shift in capital allocation strategy. According to the 2021 Global Capital Allocation Survey by Ernst & Young LLP (EY US), in partnership with Oxford Economics, more than half (56%) of CFOs say their capital allocation strategy needs to be completely rethought, and 80% concede their existing capital allocation process needs improvement. The survey, which fielded sentiment from 1,050 global CFOs, found that, to improve long-term bu