Ben Heineman Jr. has an important message for general counsel: Don’t neglect your company’s chief financial officer. In a recent article for the Harvard Business Review, the former General Electric GC argues that a “powerful partnership” between the GC and CFO is crucially important to having an exemplary company—one that is both profitable and compliant.
“What the corporation can and cannot do across the globe is affected directly not just by financial and commercial issues which the CFO analyzes but, increasingly, by evolving ‘business and society’ issues which the general counsel and the corporate law department must address,” Heineman wrote. A strong alliance between the GC and CFO, Heineman argues, has “become an imperative, helping global corporations to be more responsive, resilient and effective in a fast-changing and ever more complicated world where commercial and societal issues are intertwined.”
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