As a CFO, the primary responsibility is managing financial risk in a corporation. Some of these financial risk management include managing cash flow, smart investment and financing decisions, analyzing corporate performance and budget management. " GOD chose the foolish things of the world to shame the wise; GOD chose the weak things of the world to shame the strong" (1 Corinthians 1:27, New King James Bible).
Stockholders expect their returns to be maximized , and CFOs need the counsel of GOD to make the shareholders happy. A firm may run out of cash for operational activities which might lead to financing strategies.
Again, CFOs should b honest with stockholders concerning the financial site of the firm (Perego & Verbeeten, 2015). Thus, corporate officers and directors owe a fiduciary duty of honesty to the firm's stockholders. CFOs should be complete honest to the stockholders about cash flow state, return on investments, accurate and true profits as well as the true debt of the firm.
"Kings take pleasure in honest lips; they value the one who speaks what is right" (Proverbs 16:13, New Kings James Bible).
More importantly, CFOs should not be quarrelsome with the corporation's stockholders (Naicker, 2010). CFOs should handle the firm's financial activities in the best interest of the stockholders. They should also lay aside all internal conflicts, and work collaboratively to achieve the success of the firm.