"Is it ever appropriate for the
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!
Is this backstabbing?
Answers
Ever? Yes. Normally? No.
Situations where you bypass the CEO:
1. You suspect fraud or a breach of the code of ethics by the CEO.
2. The boards request is a of a routine inquiry, say an explanation for a variance. However, you should still cc the CEO on your response.
3. The CFO and the Audit Committee chair should have an ongoing relationship to deal with any financial matters or audit issues that arise. This typically doesn't require the CEO involvement (but nor does this interaction extend to the whole board)
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FP&A