CFO

CFO, or Chief Financial Officer, is senior corporate officer with full financial authority. In general terms, the main responsibility of a CFO is to oversee financial appropriations and expenditures of an organization. Hence, the CFO is in charge of disseminating financial data, directing budget and spending, as well as monitoring a number of other financial activities. A CFO is also required to frequently report to the board of directors on the overall financial condition of the company. Additionally, a CFO is charged with insuring financial transparency with respect to both the shareholders and regulatory boards, such as the SEC. In many corporations a CFO is routinely referred to as senior vice president. A CFO is often considered the second most notable management figure, next to the Chief Executive Officer (CEO). Thus, many investors consider the professional track record of a CFO, as well as his or her integrity and conduct.