The report finds that there is no uniform definition of value. Value relates to the relative importance of an item or service that might, or might not, be measured in financial terms. What one individual may perceive as the value of an item or service may be different from another’s view.
To determine whether the CVO role is an evolution of the CFO role, or of the finance and accountancy profession, we need to examine two aspects. Firstly, what we might consider in line with the concept of value and, secondly, how the CFO role is itself developing. If there is a CVO role, what is the value that the role is managing?
This report looks into the concept of value and the processes by which organizations enable and convert value for the benefit of its stakeholders.