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The CFO position is generally mandated by law in most states, though it can be filled by another officer such as the CEO (i.e., it doesn't need to be its own po
by gamblor956 3y ago
The CFO position is generally mandated by law in most states, though it can be filled by another officer such as the CEO (i.e., it doesn't need to be its own position).
However, it is generally considered a red flag for a large company to have these positions filled by the same individual (unless the company is a subsidiary of an even bigger company, in which case the CFO role in the subsidiary may be a pro forma position).
- hiatus 3y ago> The CFO position is generally mandated by law in most states, though it can be filled by another officer such as the CEO (i.e., it doesn't need to be its own position). Only two states seem to mandate a CFO from https://www.harborcompliance.com/corporate-governance-by-state https://www.harborcompliance.com/corporate-governance-by-sta...