A new study finds some surprising benefits associated with CFOs who serve on their own companies' boards.
Alix Stuart, CFO.com | US
May 6, 2010
Here's a better question: Should CFOs and CEOs of other company's serve on boards at all? I would argue that this forms a cozy rubber stamping club of senior management with an invested interesst to support the spiralling executive pay and grow,baby,grow mentality proposed by a company's management. Besides, how can a full time CEO or CFO really dedicate the time required to review financials and detailed information that a board SHOULD be reviewing? Instead, look for retired management or experts from academia or consulting who have the time and expertise and are not as vulnerable to charges of crony capitalism.
Posted by William Allen | May 07, 2010 09:53 am© CFO Publishing Corporation 2009. All rights reserved.