The dynamic between General Counsels (GCs) and Chief Financial Officers (CFOs) has been characterized as a “tug of war,” according to new research. This study indicates that the relationship is often fraught with tension, potentially hindering corporate decision-making and complicating operational workflows. Susan Hackett, CEO of Legal Executive Leadership, asserts, “It is part of the uniquely arrogant nature of the legal profession that we often argue that what we do is more important than what others do.”
These findings highlight how crucial it is for companies to understand and address the inherent friction between GCs and CFOs to promote better collaboration and efficiency. For more details on the research, you can read the original report here.