Qualitative Review of Stories Told: Anecdotes of CFO – CEO Relationships


  • Theodore Brown Sr. Oakwood University




Board Governance, CEO (Chief Executive Officer/President), CFO (Chief Financial Officer/Treasurer), Executive Board Members, General Conference (GC), leadership, North American Division (NAD), perceptions, CFO-CEO relationships, Sarbanes-Oxley Act, Sevent


The basis of this qualitative examination was incited by the notion that the perceptions of Seventh-day Adventist (SDA) Local Conference leadership substantially effects how the relationships of Chief Financial Officers (CFOs/Treasurers) and Chief Executive Officers (CEOs/Presidents) are viewed and function as members of their conference leadership team .  In the past, Chief Financial Officers (CFOs) and Chief Executive Officers (CEOs) have historically functioned in their own professional executive compartments within their organizations rather than partnering together as cooperative teammates.  The 21st Century’s, however, has forever changed how CFOs and CEOs relate to each other in the workplace due to the inception of governmental regulations called the Sarbanes-Oxley Act which was passed to address major corruption in large USA businesses and organizations, major non-compliance in accounting practices, extensive financial reporting fraud, institutional mis-management, board governance, CFO and CEO accountability.   The impact of Sarbanes-Oxley has also influenced the relational practices of CFOs and CEOs in Seventh-day Adventist (SDA) conferences.   A Mixed-Methods sequential exploratory research design was used with primary data for this study purposefully selected, collected and analyzed (coding, patterns, trends and themes) from qualitative focus group interviews with four local conference CFOs and CEOs, N=8, located in the United Stated of America (USA).   Discussion and Conclusion are explored and disclosed, and the Implications of CFO and CEO relationship on organizational effectiveness, efficiency, and climate are presented. 


Author Biography

Theodore Brown Sr., Oakwood University

Dr. Theodore Brown Sr., PhD

Professor of Management and Leadership

Department of Business and Information Systems

School of Business and Adult and Continuing Education


Adventist World – NAD (2013, June). Treasurer says north american tithe up 1 percent, 4.4 percent in other regions. p. 5.

Al-Amin, M., Makarem, S. and Rosko, M. (2016, October - December). Efficiency and hospital effectiveness in improving hospital consumer assessment of healthcare providers and systems ratings. Health Care Management Review; Frederick. 41.4:296.

Apenko, S. and Chernobaeva, G. (2016, April). The influence of complex adaptive leadership on the efficiency of business management. International Conference on Management, Leadership & Governance; Kidmore End. 17-24. Kidmore end: Academic Conferences International Limited.

Aquillio, M. (2016, February). Sarbanes-Oxley and the fishing expedition. ASBBS Proceedings. 23.1: 31-40. San Diego: San Diego American Society of Business and Behavioral Sciences.

Baker, C. (2016). CEOs adapt to a brave new world. Credit Control. 37.1/2:6-7.

Bartlett, R. (2016, February). Corporate treasury. Accountancy SA. 42-45.

Buckingham, M. and Coffman, C. (1999). First break all the rules: What the world’s greatest managers do differently. New York: Simon & Schuster.

Butcher, L. (2011, July). Building a great cfo. Charter. 82.6:48.

Caruso, J. (2015, Spring). Business & industry. Pennsylvania CPA Journal. 86.1:10-11.

Creswell, J. (2003). Research design: Qualitative, quantitative, and mixed methods approaches (2nd ed.). Thousand Oaks, CA: Sage. p. 210.

Creswell, J. (2014). Research design: Qualitative, quantitative, and mixed methods approaches (4th ed.). Thousand Oaks, CA: Sage.

Dembowski, F.L. (2013, January). The roles of benchmarking, best practices & innovation in organizational effectiveness. International Journal of Organizational Innovation (Online); Hobe Sound. 5.3: 6-20.

Elsbach, K.D. and Bechky, B.A. (2009). Qualitative Organizational Research (Vol. 2). Charlotte, NC. Information Age Publishing, Inc.

Epure, S. and Lupu, L. (2012). Achieving analysis submodels of organizational structure functionality and efficiency. Calitatea, suppl. Access to success Quality: Access is Success: Bucharest. 13.5:141-145.

Eriksson P. and Kovalainen, A. (2008). Qualitative Methods in Business Research. Thousand Oaks, CA: Sage.

Franklin, M. (2016, July). Sarbanes-Oxley section 404: A historical analysis. Journal of Accounting and Finance. 16.4: 56-59.

Glamuzina, M. (2015, May). Levels of leadership development and top management’s effectiveness: Is there a clear-cut relationship?*. Management: Journal of Contemporary Management Issues, suppl. The Life and Work of Professor Emeritus Marin, Split. 20:89.

Grove, C. (2016, February). Growing investor confidence. Accountancy SA. 38-39.

Horne, J.R. (2016). The nine critical questions managers should ask – A proposal for evaluating organizational efficiency. Journal of Strategic Innovation and Sustainability; West Palm Beach. 11.1:20-32.

Howell, B. (2015, February). SEC accounting probes highlights compliance needs. Money Management Executive. 23.5.

Inkinen, H. (2016). Review of empirical research on knowledge management practices and firm performance. Journal of Knowledge Management; Kempston. 20.2:230-257.

Joseph, S.M. (2015, March). Board independence, corporate governance, and fraud: A review of the empirical research and direction for the future. Oil, Gas & Quarterly. 63.3:433.

Kerns, C.D. (2015, December). Results management: A core leadership dimension. Journal of Leadership, Accountancy and Ethics; Lighthouse Point. 12.5:9-23.

Lin (Jeffrey Frost), Y. and Orvis, B. Principles of management efficiency and organizational inefficiency. Kybernetes; London. 45.8: 1308-1322.

Mahadeva, M. (2015, July/August). Strategic communication. Today’s CPA. 43.1:10.

Malbasic, I. Marimon, F and Mas-Machuca, M. (2016). Is it worth having focused values? Management Decision; London. 54.10:2370-2392.

Moulton, D. (2016, August). Finance and it seen as stronger when sharing. Bottom Line. 32.9: 9, 19.

Nardi, P.M. (2003). Doing Survey Research: A Guide to Quantitative Methods. Boston, MA. Allyn and Bacon.

North American Division Working Policy (2015-2016). North American Division of the General Conference; Silver Springs, MD.

Ode, F. (2016, May/June). Who’s leading your company? Look for the chief problem officer. Construction Accounting & Taxation. 26.3:6-10.

Rangriz, H. and Soltanieh, F. (2015). Exploring the effects of organisational capabilities and managerial competencies on the organisational effectiveness. Journal of Strategic Human Resource Management; New Delhi. 4.2:n/a.

Sadeh, E. (2017). Interrelationships among quality enablers, service quality, patients’ satisfaction and loyalty in hospitals. TQM Journal; Bingley. 29.1: 101-117.

Salieh, L. and Abu-Doieh, J. (2015). The relationship between total quality management practices and their effects on bank’s technical efficiency. International Journal of Commerce and Management; Bingley. 25.2:173-182.

Schiff, J., and Schiff, A. (2016, April). Get in gear! Strategic Finance. 97.10:24-31.

Seventh-day Adventist Accounting Manual, (2011 Edition/January). General Conference of Seventh-day Adventists. Silver Spring, Maryland. p. 4 -7.

Shapiro, D. (2015, May/June). Treasurers under investigation. The Journal of Corporate Accounting & Finance. 26.4:37-41.

Shiri, S. (2012, June). Strategic role of hr audit in organizational effectiveness. Journal of Management and Public Policy; New Delhi. 3.2: 39-45.

Srivalli, P., Kota, N M K. (2016). Journal of Organization and Human Behaviour; New Delhi. 5.1:n/a.

Taylor, C. M., Cornelius, C.J. and Colvin, K. (2014). Visionary leadership and its relationship to organizational effectiveness. Leadership & Organization Development Journal; Bradford. 35.6:583-566.

Ullah, I, and Yasmin, R. (2013, August). The influence of human resource practices on internal customer satisfaction and organizational effectiveness. Journal of Internet Banking and Commerce; Ottawa. 18:1-28.

Van Niekerk, P. (2016, February). The evolving role of the cfo. Accountancy SA. 36-37.

Vercic, D. and Zerfass, A. (2016). A comparative excellence framework for communication management. Journal of Communication Management; London. 20.4: 270-288.

Verma, T. and Dhar, S. (2016, July). The impact of intellectual capital on organizational effectiveness: A comparative study of public and private sectors in india. IUP Journal of Knowledge Management; Hyderadad. 14.3:7-27.

Walter, J. (2014). Leadership styles and effectiveness in small, medium and large organizations. Capella University, ProQuest Dissertations Publishing, 3616067.

Westfall, C. (2015). CFO of the future: Strategy & substance. Financial Executives. 31.3:50-56.

Yildiz, E. (2014). A study on the relationship between organizational culture and organizational performance and a model suggestion. International Journal of Research in Business and Social Science; Istanbul. 3.4: 52-67.




How to Cite

Brown Sr., T. (2019). Qualitative Review of Stories Told: Anecdotes of CFO – CEO Relationships. Archives of Business Research, 7(1), 299–305. https://doi.org/10.14738/abr.11.6031