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Ranking the Rungs on the Corporate Ladder
With the recent proliferation of C-level executive titles—Chief Customer Officer, Chief Reputation Officer, and even Chief Innovation Officer—it would be instructive to know just how many chiefs are out there telling the Indians what to do.
Luckily, a recent survey by the National Association of Corporate Directors and the Center for Board Leadership provides some clues.
The 791 publicly traded companies that responded to the survey in July and August reported the following prevalence of executive officers in their ranks:
- Chief financial officer: 97.6 percent.
- Chief legal officer: 68.6 percent.
- Executive vice president: 58.8 percent.
- Chief information officer: 54.5 percent.
- Chief compliance officer: 34.9 percent.
- Chief risk officer: 18.2 percent.
- Chief governance officer: 10.4 percent.
- Other: 10.0 percent.
What's up with the 0.4 percent of companies—evidently three of the respondents—who do without a finance chief? What's their secret?
by Mark Stein
Laura Rich is a co-founder of Recessionwire, which provides news, advice, perspective and humor about the recession and the recovery.
