How important is the chief financial officer? What would happen if there were no chief financial officer?© BrainMass Inc. brainmass.com March 4, 2021, 8:07 pm ad1c9bdddf
The key dilemma for companies is that whether or not the firm should incur additional financial burden by hiring a costly Chief Financial Officer.If the firm has been doing quite well, the management might feel that the cost of CFO will be an unnecessary expense.
However, A CFO brings many benefits to the company and justifies the salary being paid to him. Especially for a profitable and large scale business, the role of CFO is of ...
How important is the chief financial officer? What would happen if there were no chief financial officer?