An Empirical Research on the Status and Role of Listed Companies’ CFO in Corporate Governance

Hua-lun ZHANG, Tao GAO


Based on the related information disclosed in the annual report of SSE A-share, this paper makes an empirical analysis of the status and role of CFO in corporate governance. The result indicates that the status of CFO is low in corporate governance, and CFO still plays a traditional role. The result also demonstrates the main factors that determine the status and role of CFO are personal status and seniority. As a result, effective measures must be adopted to enhance the status and role of CFO from the perspective of corporate governance.
Key words: CFO, corporate governance, listed companies
Résumé: A partir des informations révélées dans le rapport annuel de l’action-A de la SSE( Shanghai Stock Exchange/Bourse des valeurs de Shanghai), l’article présent procède à une analyse empirique du statut et du rôle du CFO(Chief Financial Officer) dans la gouvernance de la société. Le résultat montre que le CFO jouit d’un statut bas dans la gouvernance de la société et joue encore un rôle traditionnel, et que les facteurs déterminant son statut et rôle sont ses statut personnel et ancienneté. A cet effet, des mesures effectives doivent être adoptées pour hausser le statut et le rôle du CFO dans la perspective de la gouvernance de la société.
Mots-Clés: CFO, gouvernance de la société, sociétés cotées

Full Text:




  • There are currently no refbacks.

Copyright (c)

Share us to:   


  • How to do online submission to another Journal?
  • If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:

1. Register yourself in Journal B as an Author

  • Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.

2. Submission

  • Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.
  • We only use three mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases:;;

 Articles published in Canadian Social Science are licensed under Creative Commons Attribution 4.0 (CC-BY).


Address1020 Bouvier Street, Suite 400, Quebec City, Quebec, G2K 0K9, Canada.

Website: Http:// Http://,

Copyright © Canadian Academy of Oriental and Occidental Culture