FOREX NEW YORK COMPANIES

Charity finance directors could be ideally placed to lead their organisations in an age of social bonds and performance-related-contracts, said Paul Palmer director of the Centre for Charity Effectiveness, last week.

Speaking at the Charity Finance Group's annual conference, he also suggested that finance directors who wanted the top roles in charities should try to change their job title to something other than finance director, take on special projects, broaden their focus from just finance and become a trustee: 51% of chief executives in the FTSE 100 were previously finance directors; it doesn't seem to be the same at charities, said Palmer.

But the director told several hundred delegates that a new financial landscape could pave the way for finance directors to step up. Palmer said: "As charities move away from grants to contracts and loans, leaders might require very different skills. If your charity is going down this route, there's a clear leadership role for the finance director. The move to chief executive can be an exciting journey, but you need to overcome some perceptions. And it's not an easy ride."

One piece of advice for finance directors was to look at changing their job title. "The title might be detrimental – there are perception issues with it. Trustees want the finance director to be a safe comfort blanket; they want you to conform to your role, so the title might not help you break out of that role. Change it and they might see you in a different light," said Palmer.

In the session 'How financial directors get to lead and be involved in strategic planning', Palmer also pointed out that most chief executives still came from outside the sector. "Charities still primarily import CEOs rather than export, which gives some idea of how trustees see people in the sector. But your knowledge and experience of the organisation should give you a competitive advantage. Trustees think you can understand the sector by reading a book, but it takes years," he explained.

Other advice was to be a trustee of another charity. "Two thirds of CEOs are also trustees at other charities. Resist being pigeon-holed as treasurer – take on another position."

In addition, he said chief executives should have vision, sharp people skills, a constructive relationship with the chair, be a good leader and communicator, and should understand marketing and fundraising.

"Think about your personal development. Work on your weaknesses rather than further developing your strengths. Get a coach if needed," Palmer told delegates.

Mark Watts, the recently retired chief executive of the RSPCA, told how he was offered the role when he retired from a finance director's position. On leaving, he sent a detailed document to trustees about how he thought the charity could be strengthened. It was well-received and they asked him to stay on as chief executive.

"I'd worked at the RSPCA for 28 years and saw six CEOs come and go. I had thought about going for the job but I wasn't confident enough," said Watts. "Most finance directors are very reserved and self-effacing, and trustees want to keep a good finance director in position." His advice was to "not be passive; express your opinions".

Watts added that finance directors should be the chief executive's "right hand man" and aware of drivers across the whole charity. "Have a good idea of how the organisation is performing, not just financially. Have clarity of vision and be able to communicate that. Have passion for the cause and make the impossible possible. And, don't be scared to ask questions because you think you'll look foolish," he told the audience.

Watts concluded by saying that finance directors should not underestimate the importance of their contribution at a time when financial recovery will be slow. "Maybe sometime you'll take on the reins, I promise you won't regret it," he said.

Other sessions focused on good leadership in general. Dr Robina Chatham, a training consultant and neuroscientist, said that in the current financial climate it was tempting for an organisation to just "try to survive", but it was important that the chief executive managed the future at the same time.

Chatham said that research she'd conducted with Cranfield University had found that long-term success for leaders came from understanding the world they work in. She discussed how important it was to understand covert and non-covert agendas at the office and who holds power and influence. "It could be those who are smokers who get together outside, it could be people who are fun to be with," she explained.

She also highlighted the importance of networking. "Lunchtimes are not for sitting at your desk with a sandwich if you want to be a leader," she said. "They're for networking. This is where people will share covert agendas in a less formal environment.

"And, innovative ideas come from making connections with people we don't know very well. If we stick to our friends in our team, you just get renovation, not innovation. Sparks of ideas come from conversation with someone from a totally different background. If you're not networking, you're not allowing the opportunity for really innovative ideas and you'll have no vision to inspire the organisation: 75% of your time should be spent on communication, innovating and networking," said Chatham.

She concluded that the top five traits leaders needed were high integrity, empathy, passion for motivation, courage to take risks and vision for the future.

Speaking on skills development for staff, Helen Simmons, finance director at London Diocesan Fund, offered a number of insights. She said that finance teams learn better when "doing" a task rather than reading about it or watching a demonstration.

Job swaps and shadowing also helped staff understand more about how a charity works, increasing empathy and allowing staff to cover for each other during times of sickness because they knew more about different roles.

Simmons said that at the beginning of every new job she had a meeting with all the staff: "Even if it's just for 10 minutes, find out if the job description matches the role and whether they have all the tools for the job.

"Staff need to have their needs met to do a good job. They need to feel biologically and physically safe, a sense of belonging and self-esteem. And, if they have personal issues, you need to try to understand these.

"You also need to be fair and transparent with pay and benefits. There's no point in providing biscuits if you haven't got these basics right," said Simmons.

She added that finance directors who wanted to step up to the chief executive position should gradually expose themselves to office and organisational politics and should also use any opportunities to present to staff and join project groups.

This content is brought to you by Guardian Professional. To join the voluntary sector network, click here.

Adriana Allen found $1,800 worth of temptation sticking out of a drive-through ATM Sunday in Boynton Beach.

The bank was closed. No car in front of her. And there for the taking was a stack of money dangling from the deposit slot.

But for Allen, that was somebody else's money — not a windfall that could cover a mortgage payment or finance a shopping spree for the 46-year-old school crossing guard from Boca Raton.

"I drove up to the ATM and there was $1,800 waiting for me," Allen said Monday. "But it's just not right. … That's the way I was brought up. What you don't earn, you don't get."

So, she did the honest thing.

First, Allen tried to feed the money into the deposit slot, but it just wouldn't go, according to the police report.

So she took the money — helping the next ATM user avoid temptation — and called the police.

"They couldn't believe that I was calling for that," said Allen, who had just come from a mall shopping trip when she found the money.

A Boynton Beach police officer arrived at the Chase bank branch at 555 N. Congress Ave.

There with Allen, the officer counted the $1,800, all in $100 bills.

"It's a good story," Police Department spokeswoman Stephanie Slater said. "This woman is a great example of what you should do."

While giving back the money is the legal, and many would say moral, obligation, how many other people would turn away from the chance to pocket $1,800 during these tough economic times?

More people than you might think, according to ethics professor Robin Fiore, who serves on the Palm Beach County Ethics Commission.

People tend to do the right thing when others are watching, and most people know that a bank drive-through is under the watchful eye of security cameras, said Fiore, director of special ethics initiatives for the University of Miami Ethics Programs.

For example, studies show that more people wash their hands in the bathroom when other people are in there with them than when they are alone, Fiore said.

"If people think they are being watched, they are on their best behavior," Fiore said.

Economic need wouldn't necessarily be the driving force behind someone taking the money, Fiore said. Good character is more about habit, she says, choosing to do the right thing because that's what someone normally does.

Likewise, if someone has a history of unethical behavior or surrounds themselves with unethical people, they would be more likely to take the money, even if they didn't need it, Fiore said.

"They will rationalize it. People will make up stories so it's OK," Fiore said. "The longer they hold onto that cash, the more likely it's theirs."

Florida law requires people to turn in money that they find, whether it's sticking out of an ATM machine or piled up on the ground.