As CFOs take on more responsibility in the corporate structure, treasurers are taking a greater role in strategy, according to a survey by recruiting firm Crist Associates.
The survey of Fortune 500 and S&P 500 companies in the US found that CFOs are increasingly considered the number two reporting slot for publicly traded companies, with responsibility for IT and HR on top of their normal finance duties. As a result, treasurers are being asked to work with operating executives to understand how financing affects the company’s bottom line, and how legislation such as Sarbanes-Oxley affects controls.
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