This document discusses the role of the Chief Operating Officer (COO) in an organization. It provides 7 business reasons for having a COO, such as to provide daily leadership in an operationally intensive business or to balance or complement the strengths of the CEO. The document also lists characteristics of a good COO, such as having a collaborative nature and resilience. Finally, it provides a checklist for determining whether bringing in a COO is right for an organization, including validating the need and assessing willingness to allow autonomy.