There are as many different types of chief executive officers (CEOs) and chief financial officers (CFOs) as there are companies. Every company is at different stage of its growth, ranging from start-up to blue chip. Every CEO and CFO has different views about where money should be spent and what goals their company is or should be taking steps toward achieving. Staying abreast of a company's financial condition, planning for growth, and managing public and internal expectations and developments are the key points of communication between CEOs and CFOs.

CEOs have the fiduciary duty to make sure that their companies perform thorough due diligence in regards to every part of their businesses. This includes all contracts companies enter and investments they make, as well as responsibilities to the stockholders. There can be instances when a CEO's fiduciary duty to stockholders may seem to conflict with fiduciary duty to employees or business partners. Good CEOs have the experience to manage these duties. Communicating the goals and financial needs of a company regularly with the CFO is essential for the proper function of any corporation.

CFOs have a fiduciary duty to report the financial condition of a company to the CEO, the board of directors, regulators and shareholders. Changes, especially abrupt or unexpected changes, to a company's finances may have an impact on the price of shares or debt in the open market. They may also influence the behavior of employees and business partners. A good CFO is constantly assessing and communicating key financial performance data to the CEO, so the CEO can manage the ramifications to the company as a whole.

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