88% of Senior Financial Executives Believe Positions of CEO and Chairman of the Board Should Be Separate.CHICAGO -- In a national survey of U.S. CFOs and senior comptrollers COMPTROLLERS. There are officers who bear this name, in the treasury depart @ment of the United States. 2. There are two comptrollers. It is the duty of the first to examine all accounts settled by the first and fifth auditors, and certify the balances arising conducted by Grant Thornton LLP  This article or section is written like an .Please help [ rewrite this article] from a neutral point of view. Mark blatant advertising for , using . , the U.S. member firm of Grant Thornton International Ltd, the vast majority (88%) believe that the positions of CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and chairman of the board should be separate and more than half (52%) report that they would like to be CEO of a company one day. Regarding CEO pay (including total pay and benefits package), the majority (63%) believe that the average CEO is overpaid o·ver·pay v. o·ver·paid , o·ver·pay·ing, o·ver·pays v.tr. 1. To pay (a party) too much. 2. To pay an amount in excess of (a sum due). v.intr. To pay too much. ; however, nearly the same amount (59%) believe that their own CEO is appropriately paid. Eighty-four percent of CFOs do not believe that it is the auditor's responsibility to detect any and all fraud and nearly three-quarters (72%) believe it is reasonably possible for a CFO See Chief Financial Officer. to intentionally and materially misstate mis·state tr.v. mis·stat·ed, mis·stat·ing, mis·states To state wrongly or falsely. mis·state  ment n. a company's financial
statements without being detected in a timely manner by internal or
external auditors The examples and perspective in this article or section may not represent a worldwide view of the subject.Please [ improve this article] or discuss the issue on the talk page. . Do you believe that the positions of CEO and chairman of the board should be separate? < < < < Yes 88% < < < < No 12% < < < < Would you like to be CEO of a company one day? < < < < Yes 52% < < < < No 48% < < < < Considering total pay and benefits package, do you feel the average CEO is: < < < < Overpaid 63% < < < < Appropriately paid 34% < < < < Underpaid 4% < < < < Considering total pay and benefits package, do you feel your CEO is: < < < < Overpaid 27% < < < < Appropriately paid 59% < < < < Underpaid 14% < < < < Should it be the auditor's responsibility to detect any and all fraud? < < < < Yes 16% < < < < No 84% < < < < Do you believe it is reasonably possible for a CFO to intentionally and materially misstate a company's financial statements without being detected in a timely manner by internal or external auditors? < < < < Yes 72% < < < < No 28% About the Survey Grant Thornton LLP conducted the biannual bi·an·nu·al adj. 1. Happening twice each year; semiannual. 2. Occurring every two years; biennial. bi·an national survey from Sept. 21 through Oct. 2, 2009, with 846 U.S. CFOs and senior comptrollers participating. For more information about the survey, please go to www.GrantThornton.com/cfosurvey. About Grant Thornton LLP The people in the independent firms of Grant Thornton International Ltd provide personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. attention and the highest quality service to public and private clients in more than 100 countries. Grant Thornton LLP is the U.S. member firm of Grant Thornton International Ltd, one of the six global audit, tax and advisory organizations. Grant Thornton International Ltd and its member firms are not a worldwide partnership, as each member firm is a separate and distinct legal entity. In the U.S., visit Grant Thornton LLP at www.GrantThornton.com. |
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