A version of this blog was originally published by GTNews.
Today’s treasurer has a strategic role with board-level accountability and the responsibility to manage enterprise-wide risk. The treasurer therefore has a critical role in an organization: to measure and manage the risks inherent in the business which are affected by day-to-day movements in the financial markets and the external and internal environment.
Recent volatile times have highlighted the need for comprehensive and forward-looking measures of risk that allow a business to avoid and, if need be, respond to any aberrations in a timely and effective manner. This has placed additional demands on the treasurer to ensure that policies and procedures are optimized and that all enterprise-related risks are well-managed.
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