Generally, the CFO (Chief Financial Officer) and CCO (Chief Compliance Officer) are considered to be at the same level within an organization's C-suite. They both report directly to the CEO.
Here's a breakdown:
- Reporting Structure: Both the CFO and CCO are typically one level below the CEO, placing them at the same hierarchical level. The reference document confirms that the CFO, COO and other C-suite positions are one level below the CEO.
- Responsibilities:
- CFO: Responsible for managing the company's financial risks, financial planning, record-keeping, and financial reporting.
- CCO: Responsible for overseeing and managing compliance within the organization, ensuring it adheres to regulations and ethical standards.
- Influence: While they hold different responsibilities, their influence within the company is generally comparable.
Therefore, neither the CFO nor the CCO is definitively "higher" than the other; they are lateral positions within the C-suite, each crucial for different aspects of the company's operations.
