Boards and the Expanding Role of the CFOKaren D. Quint and T. Christopher Butler
Spencer Stuart recently conducted a study to learn how chief financial officers see their roles which revealed that the duties of CFOs have changed dramatically in the post-Sarbanes-Oxley/market-meltdown world. As a result, boards need to adjust their views of the CFO function and should be pushing for succession planning for CFOs as much as they do for CEOs. Here is what directors should be thinking about vis-à-vis the changing role of the CFO.
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