Should the CFO role have a title change to CVO (V for Value)? To signify the much broader role of what a CFO is now (and not like a COO). The shareholder/organizational value creation is what the role has evolved into (adding in items like ESG etc.)
Sort By:
Oldest
India Head and Director of Global Finance Shared Services in Hardwarea year ago
The title of the CFO signifies the position's primary responsibility for overseeing financial operations and providing strategic financial guidance. While there is no inherent need to change the CFO title to Chief Value Officer, some companies have chosen to adopt alternative titles to reflect the evolving responsibilities and strategic focus of the role.The concept of a Chief Value Officer (CVO) typically implies a broader scope beyond traditional financial management. A CVO may be responsible for not only financial matters but also strategic planning, business development, and identifying opportunities to create value for the organization. This expanded role may involve assessing investment decisions, evaluating market opportunities, and driving innovation initiatives that contribute to the company's overall value creation.
So, CFOs role definitely involves direct value creation for the company and its stakeholders and companies can decide to change its title to Chief Value Officer, if they deem fit.
CIOa year ago
First thoughts....A change in title may likely add more confusion than less. By nature, the CFO functional oversight of fiscal matters allows/enables the broader role that has evolved. The organizational/stakeholder value may be better recognized by further molding the CFO persona away from perception as 'bean counter.'
But it doesn't entail change in the title to create confusion to the role. CFO is what the primary recognized globally accepted role and it does not entail to change to CVO for the purpose of adding new evolved regulations.