Fewer CFOs hold seats on corporate boards-AICPA

  Fewer CFOs hold seats on corporate boards
The number of chief financial officers sitting on corporate boards has
decreased over the past year, recruiting firm Crist|Kolder Associates
reports. That's despite expectations that the Sarbanes-Oxley Act would
encourage more companies to seek directors with finance backgrounds.
The reasons include a dearth of opportunities and a lack of support
from employers who want their CFOs focused on their primary role.
However, having CFOs on a corporation's board can bring advantages
such as better compliance and tax decisions, and strengthening a
company's ability to develop finance talent, executives say.