Role of the Chief Financial Officer Riordan & Associates and Chung & Associates

Liennette Chung, CPA UCLA PwC, Los Angeles & Hong Kong Credit Suisse, Asia Pacific Renaissance Investments, SE Asia Global Imaging / Xerox Chung and Associates R&A and CAA 2

Chief Financial Office What is a Chief Financial Office CFOs in Public and Private Sector Role of the: –Chief Financial Office –VP of Finance –Director of Finance R&A and CAA 3

Definition of CFO Senior most-executive responsible for managing the financial risks of the corporation. This officer is responsible for financial planning, regulatory compliance, credit controls, record-keeping, and financial reporting to higher management. In addition, many CFOs also oversee operations, proper controls and strategy. R&A and CAA 4

The CFO Full authority in to make decisions in the best interest of the company Highly intelligent and influential Holds a higher degree such as an MBA or CPA Understands all aspects of the business and industry at both the micro and macro level Uncompromising morals and ethics R&A and CAA 5

A Few of our Current CFOs Kathryn Mikells CFO for Xerox Luca Maestri CFO for Apple Richard Galanti CFO for Costco Bob Shanks CFO for Ford R&A and CAA 6 Ruth Porat CFO for Morgan Stanley

CFO of the Public Sector Fiduciary Responsibilities to the Corp Accountable for proper conduct and operations of the company –Held personally and professionally for the Company’s wrongdoing Frequently the second man from the top Reports to the CEO and BOD R&A and CAA 7

CFO Reports to the CEO & BOD R&A and CAA 8

CFO in the Private Sector President is the BOD, Stakeholder and owner Reports to a single body who holds absolute control Responsibilities can extend into personal boundaries such as loyalty, health and well being R&A and CAA 9

Office Tech Dealership What is the role of Head of Admin Who is this individual(s); CFO or COO or Ops Manager? What’s the difference between a CFO, VP of Finance, Dr of Finance and Controller? At what point do you need a CFO, if at all? R&A and CAA 10

Controller Day-to-day accounts payable, HR, admin, receivable and cash management Safeguarding of assets through timely & accurate reporting and budgeting Skills focused within accounting and admin Prefer responsibilities to not extend other disciplines R&A and CAA 11

Director of Finance Responsible for the overall finance and accounting function (all that’s included in the Controller’s role) Takes direction from the CEO or CFO to effectively manage the finance discipline Supportive role to the Leadership Team R&A and CAA 12

VP of Finance R&A and CAA13 Responsible for the overall finance and accounting function Assess risks, oversees compliance, advice & supports Responsible for treasury, planning and strategies Team builder

Chief Financial Officer Responsible for the overall finance and accounting function Assess risks, oversees compliance, advices & supports Responsible for treasury, planning & strategies Team builder Also a visionary, deep thinker and sees beyond the obvious Worldly, understand differences in people, places and time Business partner to the CEO R&A and CAA 14

Scope of the CFO R&A and CAA 15 Steward – Protect the vital assets of the company Operator –P rovide direction on the execution of key processes Strategist – Take an influential seat at the planning table Catalyst – Use the power of finance and resources to direct initiatives

At What Point Do We (the Private Sector) Need a CFO? R&A and CAA 16 An active member of the Executive Team Not there to be Dr ‘No’ They can come with baggage

Varying Behavior Components of Each Role Assume the CFO candidate has the ‘Can Do’ – Skills Will Do – Attitude & Behavioral Components Aggressiveness Sociability Behavioral Energy R&A and CAA 17

Differentiating Components Versatility and creativeness R&A and CAA 18

Questions?