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The Chief Financial Officers (CFO) Act of 1990 (Public Law 101–576) signed into law by President George H. W. Bush on November 15, 1990, is a United States federal law intended to improve the government's financial management, outlining standards of financial performance and disclosure.
The Act does not impose any specific regulations regarding the compensation of a Chief Financial Officer (CFO), unless they serve on the Board of Directors or hold additional managerial responsibilities alongside their role as CFO. Additionally, the Act does not outline any specific qualifications required for the appointment of a CFO.
Performance of functions related to the position of Chief Financial Officer are as required per the Chief Financial Officers Act of 1990. The Assistant Secretary is also responsible for the management of the Department of Commerce headquarters in the Herbert C. Hoover Building in Washington, D.C.
Good morning. Finance chiefs are on the move: In just the first quarter, a total of 82 new CFOs were appointed at public companies—matching the record turnover seen in Q1 2021, according to ...
Good morning. It pays to be a CFO. Fortune reviewed compensation numbers collected by data company Equilar for the pay ratios between CEOs and other C-suite executives at S&P 500 companies in 2022 ...
The chief financial officer explained how the way Citigroup was founded is contributing to problems complying with regulatory requirements. ... or $1.51 per diluted share, on revenues of $20.3 ...
The 2004 update to Circular A-123 is a re-examination of the existing internal control requirements for Federal agencies and was initiated in light of the new internal control requirements for publicly traded companies contained in the Sarbanes-Oxley Act of 2002. The circular and the statute it implements, the Federal Managers’ Financial ...
During the first six months of 2023 (Jan. 1-July 16) there have been 103 CFO changes in the Fortune 1000, representing a 30% increase when compared to the same period in 2022, where there were 79 ...