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Roles and Responsibilities of Management - page 5 / 26

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Corporate officers

CEO.  

    CEO faces some challenges, including:

(1)

fiduciary duties (including duty of loyalty and duty of care)  

(2)

self-serving and self-dealing,

(3)

succession planning,

(4)

Duality (please refer to chapter 4),

(5)

financial knowledge and understanding.

   The role of the CFO consists of both strategic performance and reporting compliance activities.

   Corporate development officer’s position is especially important for the companies which are actively involved in merger’s and acquisitions process.

CEO

CFO

CDO

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