A recent report by EY confirms the growing relationship between the CFO and the CEO. The report summarizes findings from surveys with 652 CFOs.
“The CFO-CEO partnership is one of the defining characteristics of market-leading organizations. Over the last decade, the dynamics of this relationship have shifted as the CFO has taken an increasingly broad role within many organizations.”
Here are some other key findings:
“The majority (64%) of CFOs we surveyed say collaboration with their CEO has increased in the last three years.
"But they also highlight significant relationship barriers, including organizational boundaries, CFOs’ dominant focus on cost management and a perceived lack of demand from CEOs for insights from finance into strategic issues.
"CFOs also appear to underestimate the significance of the shift to digital, and their role within it. Only 50% consider a shift to digital will be a significant priority in the next three years, and only 49% consider they have a significant contribution to make.”