What Does a Chief Business Officer Do

As a chief business officer (CBO), your responsibilities include coordinating with the CEO, finance committee, and other leaders of a company or university to precisely allocate resources to meet strategic and financial goals. You follow various strategies, such as Generally Accepted Accounting Principles (GAAP), to make sure the company meets federal and state regulatory standards. In the information technology industry, you provide executive leadership and assist with strategic planning. You also oversee contracts, human resources, procurement, compliance, risk management, and more. Other duties include serving as an internal consultant on financial matters and suggesting strategies that keep the business aligned with budgeting and growth goals.