Board members are elected by the shareholders, and may be either senior officers in the company or people independent of the company. The most common C-suite titles are chief executive officer (CEO), chief financial officer (CFO), and chief operating officer (COO). Analysis The duties of CFO mostly set by the CEO, and it’s mostly overseeing the entire company’s financial activities. The members of the board are generally elected by the shareholders and their duties are to monitor the company's management team and ensure the shareholders' interests are being served. The CEO will usually report directly to the board of directors and will implement any decisions made by the board. CEO reports to the board of directors. A Chief Financial Officer or CFO oversees a company's financial operations. Oversees the operations of the departments and overall performance of a company. CEO of the organization is appointed by the board of directors and report to them. The CFO reports to the CEO except in extraordinary cases — it’s the single most important relationship CFOs must get right from the outset. ALL RIGHTS RESERVED. The CEO position is overseen by the board of directors, while the CFO position reports to the CEO. Let discuss this two CFO vs CEO positions in detail. The CEO is sometimes also the president of the company and so will sit as chairman of the board of directors. In the COO role, you will not be completely separated from the world of CFO, given the size of the firm you describe, my guess is there is a controller, so there will be a need for the CFO-type analysis. Duties involve overseeing financial activites and are set by the CEO. Development: CFO role is to develop personnel within the finance and accounting areas. While there are many different ways a corporate structure is set up, the basic corporation is headed by a board of directors. The CEO’s role is to think outside the box, lead the company forward, and set an example. CFO connects with investors, bankers, regulators, and lenders. CEO defined strategy and CFO figure out how to fund it. CFO is responsible for a company’s financial strategy and to support CEO strategy or vision, ensuring sufficient cash with the organization. The CEO, or Chief Executive Officer, oversees the overall business operations of a company and reports to the board of directors. This has been a guide to the top difference between CFO vs CEO. They will make recommendations to the CEO and board of directors and implement financial decisions to strengthen the company's financial strength. The CFO oversees the financial aspects of a company and so is responsible for all finance-related departments. No, HR should report to the CEO, not the CFO. 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The Chief Financial Officer, or CFO, holds the highest-ranking financial position in a company and oversees the financial operations, budgeting, and financial reporting of the company. He works together with the CEO and sits on the senior management team. CEO did not do any analysis of the organization. CFO reports directly to the CEO and has substantial inputs into organization investment, capital structure, and money management. Comes from a finance or accounting background. With bonuses, the figure balloons to $1,281,700. Table 4 reports the regression results that replace CEO/CFO option incentives with the abnormal level of CEO/CFO option incentives (i.e., ABINCENTIVE_OPT_CEO and ABINCENTIVE_OPT_CFO). However, in order to maintain the independence and authority of the chairperson, the CEO position should be held by a different person. 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