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CFO And Board Face Time

 

"How does a Finance leader create the opportunity to report to the board directly if he/she is only mandated to report to the CEO?"

This question was asked at a recent webinar, now available on-demand:

"The Role Finance Plays in the Boardroom"

Please add your thoughts about it below. Thanks!

Answers

Topic Expert
Blair Cook
Title: Partner
Company: Executive Finance
LinkedIn Profile
(Partner, Executive Finance) |

I believe that the CFO rightfully belongs at the boardroom table. This should be a discussion you have with your CEO. Here are some reasons why:

1. The Board needs financial information to monitor the health, status, and performance of the organization. They should have access to not only the information, but someone who can answer their questions about this information.

2. The modern CFO role is evolving toward becoming a strategist and catalyst inside the organization. All significant initiatives begin at the boardroom table and the CFO should be present to hear and participate in those discussions.

3. The CFO needs to be in the loop. They can't be finding out about major initiatives after the fact. Often times, their perspective on the implications of financing, accounting, and tax structuring are invaluable contributions to the discussion.

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