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In the financial industry, the CFO is the highest-ranking position. In other industries, the CFO is often seen as the second highest-ranking person in the company after the CEO.
The CFO’s duties include financial planning, managing financial risks, keeping track of cash flow and expenditures, handling investment and taxation issues, creating and enforcing internal accounting and financial policies collecting and managing financial data, reporting financial performance to the board, and helping develop the strategic direction of the company.
[See ‘Director’, ‘Chief Executive Officer’, ‘Chief Operating Officer’.]
A Chief Operating Officer (COO), is typically the second-highest-ranking executive in a company. A COO is in charge of day-to-day operations as well as executing the company’s long-term goals.
A COO very often has a dual role that combines the functions of chief executive and manager. Typically they design and implement policies to promote the culture and vision of a company, as well as overseeing operations to keep the business on track.
[See ‘Chief Executive Officer’, Chief Financial Officer’ and ‘Director’.]
The Corporate Insolvency and Governance Act 2020 (CIGA) came into force on 26 June restrictions linked to the pandemic 2020.
CIGA was introduced during the 2020 ‘lockdowns’ as a result of the Covid 19 pandemic and contained a range of temporary measures to support companies affected by trading response, as well as three permanent measures to help companies recover as the economy emerged, and for the longer term.
The three permanent measures were the Moratorium, Restructuring Plans and Restriction on Contractual Termination (Ipso Facto) Clauses.
