CFOs Say Split the CEO and Chairman Job

More than three-quarters (79 percent) of chief financial officers surveyed by Grant Thornton believe that the roles of chief executive officer and chairman should be held by different people.

In addition, three-quarters of the respondents think that the Securities and Exchange Commission (SEC) should revise the 8-k rules to require reasons for all company dismissals to auditors, for all auditor resignations and for all instances in which the auditor chooses not to stand for reappointment.

Do you believe the roles of CEO and chairman of the board should be independent of each other?

• Yes 78.73 %
• No 20.81 %

Should the SEC revise 8-K rules to require reasons for all company dismissals of auditors, for all auditor resignations and for all instances in which the auditor chooses not to stand for reappointment?

• Yes 75.57 %
• No 21.72 %

Do you believe shareholders in public companies should have greater access to the proxy?

• Yes 66.06 %
• No 29.86 %

Do you believe that small cap companies who test internal controls (according to Sarbanes-Oxley) will be looked upon more favorably by investors than those who do not test internal controls?

• Yes 68.78 %
• No 29.41 %

Do you consider the newly issued guidance (AS 5) from the SEC on internal controls and the new audit standard for auditing internal controls to be a significant improvement over previous rules?

• Yes 43.89 %
• No 47.96 %