This time we are looking on the crossword clue for: Boardroom bigwig.
it’s A 16 letters crossword puzzle definition. See the possibilities below.
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Possible Answers: CEO, CFO.
Random information on the term “CEO”:
CEO succession refers to the process by which boards of directors ensure that their organization has the ability to sustain excellence in CEO leadership over time, with transitions from one leader to the next. CEO succession is one of key functions of a board of directors. Changing the head of an enterprise impacts company culture, board/CEO relations, and perceptions from multiple constituencies inside and outside the business. The disruption that occurs can impact performance in a positive, neutral or negative manner. Successful companies manage this process well in advance with a concerted set of processes and milestones. Effective CEO succession requires a well-defined program that ensures a supply of highly capable candidates ready to assume the CEO position whether through an unexpected event or a planned transition. Success or failure of a CEO transition is influenced by a host of obvious and non-obvious factors, many of them of a social/psychological nature. How these factors are managed can have an enormous impact on the performance and status of the organization.
Random information on the term “CFO”:
Virtual CFO (or “vCFO” for short) stands for Virtual Chief Financial Officer. A Virtual CFO is an outsourced service provider offering high skill assistance in financial requirements of an organization, just like a chief financial officer does for large organizations. A Virtual CFO may be a single person or an entity.
The mushrooming of the startup ecosystem has generated specialized service providers which fit the requirement of startups. Virtual CFO is one such specialized service provider. Startups normally do not have the resources to hire a full-time CFO. “There have been studies claiming that among the top issues faced by Indian startup CEOs are hiring financial and legal experts,” according to a virtual CFO. Startups like to keep fixed costs low and having outsourced service provider provides them the flexibility of choosing services as and when required. A Virtual CFO provides strategic, value add services to a startup which cannot be provided by an accountant. In the United States, VCFO services are typically used by small to medium-businesses with annual sales in excess of $1 million.