In simple terms,the CEOis the top senior executive over management while the board chairperson is the head of the board of directors. ... By contrast, the board chairperson of a company is the head of its board of directors. Do CEOs report to board directors? Commonly CEOs provide a more...
A CFO serving as board secretary enhances the efficiency of communication between a company and outsiders, and managers can take advantage of this to issue better financial statements. However, the literature does not consider the effect of a CFO serving as board secretary on financial statement ...
The CFO, CIO and other C-level executives report to the CEO. However, businesses can all have their own structure. In some cases, for example, the CFO may be of equal rank to the CEO, reporting directly to the board. Company presidents may report to the CEO or to the board. All ...
This paper explores whether duality in the chief financial officer's (CFO's) job role (i.e. also serving as board secretary) reduces information asymmetry through higher levels of information transparency, focusing on Chinese publicly listed companies from 2001 to 2018. Our findings reveal that ...
This study investigates the association between audit committees’ (ACs) financial expertise and the implementation of accretive repurchases as a strategic method for real earnings management (REM). The study also examines empirical data about the influe
A strong No. 2 — whether a COO, CFO, or otherwise dynamic direct report to a No. 1 — can potentially be your next great leader. “No. 2 leaders who truly aspire to be a CEO, and who possess the grit, determination, and drive as well as a demonstrated track record of leadership...
In aPwC studythat analyzed 1,640 companies, only 20 percent did not have a CSO or similar figure. Moreover, more than 80 percent of CSOs reported directly to the CEO or the executive board. Many aspire to take up this position, envisioning it as the ultimate destination on their career ...
However, it can be challenging to assess your CFO’s contributions. McKinsey’s 2018 report,The New CFO Mandate, finds that CFOs and their peers have different views on where finance leaders add the most value: Some CEOs also see shortcomings in theCFO skill set. According to KPMG’s 2016...
COOs manage other execs and managers: The COO reports to the CEO, but everyone else ― mid-level managers like sales managers, marketing managers, product managers and other C-level executives like the CFO and the CTO ― report to the COO. COOs handle a company’s nuts and bolts: In Hay...
The quality of the audit report is closely linked to the interests of investors, shareholders, regulators, and even the stability of the financial market (Financial Stability Board (FSB),2012). Given its importance, many studies have analyzed the reasons behind the demand for high audit quality....