The benefit of volunteering

In the spirit of International Volunteering Day on 5 December, you might be interested in the results of the recent NED and volunteering snap poll. The poll was part of a wider initiative looking at how members volunteer and followed a discussion at a recent volunteering member evening. As qualified treasurers, ACT members have a unique mix of experience and knowledge, underpinned by their ACT membership. Finance and treasury skills are in high demand from boards of both corporates and not-for-profits. Snap poll: The NED and volunteering snap poll was completed by 70 members and showed: Overall, there is a

Neuroscience and Resilience

Are you resilient or not? Resilience is our ability to bounce back when things don’t go as planned. It’s a quality that we all possess to some degree, but some of us can draw on it more easily than others can. Resilience is important because it keeps us on track until we reach our goals, it allows us to deal with difficult situations, and it helps us to grow by encouraging us to look at the positives and to manage stress. Neuroscience helps us to understand that the level of resilience we have is depended on our experiences and the

Non-executive directorships

Non-executive directors are essentially guardians of good corporate governance. They need to be aware of legal and regulatory issues, culture and business ethics, disclosure and transparency, risk management, monitoring, communication and trust as well as understanding and appointing the board of directors and committees. Being an NED is not a linear process, but a dynamic one. You need to be involved in all areas and focus on the strategy and direction of the company while not getting too focussed in the mechanics. Your role is to act as a sense check to the Board. The boardroom framework is made up

How treasury makes a difference

I have been a member of the ACT almost since inception having joined in 1980. It is remarkable to see the strides taken by treasury since that time. In those days, the treasury function was regarded very much as the back-office accountants who dealt with investing large sums or making borrowing arrangements. In the eighties I always thought that there was a certain mystery behind the really big “treasury” departments! In practice, big or small, these departments, and the people who ran them, had a significant role to play. In my opinion there are three key areas and I have

ACT Middle East Prizewinners

As the ACT Middle East network grows, so does the number of professionals in the region looking to expand their skill set and ensure they meet global benchmark treasury standards. ACT qualifications are rooted in the ACT Competency Framework. The framework defines the competencies treasurers need to operate successfully in global business today. Whether you are looking to take your first steps into treasury, are heading up a global treasury department, providing banking, financial or consultancy services or need to recruit or train a treasury team, the competency framework offers you guidance on what the global standards are for successful

Time management for the digital age

What makes you more productive and are there any golden rules to ensuring you maximise your time? Everyone wants to be better at managing their time. There are occasions when things feel out of control or un-manageable, but some simple techniques can help you to feel more in control. Time management is a skill. And because it is a skill it can be developed and improved. By practising good time management, you can ingrain this as a new behaviour and make a permanent change. The holiday phenomenon. People are more productive in the run up to their holiday. The day

New Direct Entry route to qualification

Are you someone who has worked in treasury for a number of years, but have not had the chance or opportunity to study for ACT qualifications? If so, and you wish to gain one of our top-level qualifications with the highly desirable membership letters, AMCT or FCT, we may have a route in for you called the Direct Entry route. The ACT direct entry route to qualifying and becoming either an AMCT member or FCT member recognises experience. It offers an opportunity for senior practitioners to demonstrate their experience in order to gain exemption from either the Certificate in Treasury

360° treasury challenges

Until the global financial crisis in 2008, corporate treasurers were often considered solely the custodians of cash. In many cases – particularly in the ‘third sector’ – that’s the role ascribed to ‘the treasurer’ today. Of course, that wasn’t ever true in many leading businesses in the UK and internationally, but it’s taken time to address the stereotype. Indeed, in many developing markets the role remains less understood and practised. Most surveys of corporate treasury tend to focus on functional activities and product use but as a Chartered professional body, the ACT has bucked this trend with our annual research