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https://www.upcounsel.com/corporate-officer-definition#:~:text=Corporate%20officers%20are%20high-level%20management%20executives%20hired%20by,and%20directors%20but%20don%27t%20necessarily%20have%20to%20be.
https://corporatefinanceinstitute.com/resources/careers/jobs/what-does-a-cfo-do/
This group is responsible for ensuring all reporting is prepared in an accurate and timely manner. 2. Liquidity. The CFO needs to ensure the company is able to meet its financial commitments and manage cash flow in the most efficient way. These responsibilities are usually carried out by the treasury group.
https://www.investopedia.com/ask/answers/what-does-chief-financial-officer-cfo-do/
A CFO is responsible for a company's past and present financial situation, and is an integral part of a company's management and financial future. A …
https://www.stimmel-law.com/en/articles/corporate-officers-duties-and-fiduciary-responsibilities
The Three Basic Types of Fiduciary Duties. Most states, including California, maintain three basic fiduciary duties. 1) Duty of Care – directors and officers must use care and be diligent when making decisions on behalf of the corporation and its shareholders (who are the true owners of the corporation). Directors and officers meet their duty ...
https://www.upcounsel.com/corporate-officer-definition
https://corporatefinanceinstitute.com/resources/careers/designations/ceo-vs-cfo/
The CEO generally reports to the company’s board of directors, while the CFO reports to the CEO. As the chief financial officer, the CFO puts together the annual budgets of the company, analyzes financial data, and tracks expenses and revenues. The CFO may also sit on the board of directors, just like the CEO. 5. Analysis.
https://www.lawdepot.com/blog/understanding-the-roles-of-officers-in-a-corporation/
Chief financial officer (CFO): Also known as the company treasurer, a CFO coordinates the company’s finances, including doing financial risk management and reporting profits and losses. Chief operating officer (COO): Also known as the chief operations officer or chief administrative officer (CAO), a COO is responsible for assisting the CEO with the day-to …
https://www.robertschriebman.net/articles/an-officer-of-a-corporation-or-llc-is-a-statutory-employee/
Both California and federal law say you must be an employee. There are very rare exceptions wherein a corporate officer will have a very limited and specific job within the corporation and then service the corporation as an independent consultant in other areas.
https://www.score.org/blog/directors-and-officers-understanding-roles-corporate-management
Directors: appointed by shareholders to oversee the management of the corporation. Officers: appointed by directors to manage day-to-day activities of the company. In many companies, these three roles intersect so that you may have a Chief Executive Officer who also has a seat on the board of directors and owns shares of the company stock.
http://archives.cpajournal.com/2003/0703/features/f073603.htm
The Sarbanes-Oxley Act of 2002, section 302, “Corporate Responsibility for Financial Reports,” requires the CEO and CFO of publicly traded companies to certify the appropriateness of their financial statements and disclosures and to certify that they fairly present, in all material respects, the operations and financial condition of the company.
https://axislc.com/public/is-an-officer-of-a-corporation-an-employee/
For a corporation, including a C Corp. and an S Corp., generally, officers are considered employees of the corporation, if they’re being paid to provide services rendered. An officer of a corporation is the person who handles the day-to-day affairs of the organization. So for example, the president who oversees the staff and activities of the business, the secretary …
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