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April 2004
By Hugh Lindsay, FCA, CIP As a board of directors, you face a number of situations requiring particularly close consideration of the financial aspects of your governance responsibilities. To carry out these responsibilities, you need to understand your organization's strategies and the measures of business performance and key factors that can significantly influence its operating results. The Chief Financial Officer is in a unique position to help you gain that understanding. Financial Aspects of Governance: What Boards Should Expect from CFOs identifies seven situations in which the boards' oversight responsibilities encompass areas where the CFO has special knowledge and expertise. For the particular circumstances of each situation, it specifies and discusses what the responsibilities of directors are, what they need to know, and how the CFO can help them. Purchase a hard copy Download a soft copy |
