Tackling cyber risks in treasury

On 14 January 2019, the Association of Corporate Treasurers (ACT) alongside the European Association of Corporate Treasurers Cyber Security Working Group hosted an event at Barclays’ head office to discuss current trends in the cyber security space and ways of mitigating cyber risks. The event featured a panel session with a line-up of speakers from companies including the City of London Police, Standard Chartered, Global Cyber Alliance, Steelcase and Barclays.   The source of many headaches As companies continue to evolve digitally, they also become increasingly more vulnerable to cybercriminals deploying more sophisticated attack methods. Daniel Piper, Detective Inspector from

ACT’s Charity of the Year

We would like to give a huge thank you to all our members who recently helped raise an impressive £65,000 in aid of countering poverty in Kenya. Proceeds have provided funding towards creating more than 275 new microbusinesses and 350 new jobs. Dorothea Arndt, Hand in Hand CEO, Said: We are truly delighted by the ACT board and membership’s generosity (raising 20 per cent above target). On behalf of hundreds of future Hand in Hand entrepreneurs, the team in London and our colleagues in Kenya, thank you. “When the ACT selected Hand in Hand as its Charity of the Year, we

Cyber Advice for Corporate Treasurers

How treasurers can stay safe in the face of sophisticated cyber-crime. The most popular mechanisms for cyber-attacks consist of phishing, whaling and CEO fraud. Treasurers have many systems in place to combat these and their IT departments will provide basic technological protection measures to combat known threats, but it is worth considering these attacks and their impact in more detail. Zero day Zero day is the term used when a unique cyber attack first manifests itself and has no known defence. It is vital in the event of a zero day attack that the information around the attack is shared

ACT Cash Management Conference speaker Q&A: Austin Matthews, Assistant Treasurer, Sky

On 12 February the ACT will be running the ACT Cash Management Conference in London. This flagship conference provides a unique opportunity to share best practice, hear practical case studies from leading corporates and network with fellow cash management and treasury professionals. We conducted a short Q&A with one of this year’s speakers, Austin Matthews, Assistant Treasurer at Sky and this is what he said; 1. Tell us a little about yourself – how did you first get involved in treasury? After graduating I started working at a telecoms company called Energis in the cash team – performing bank reconciliations

Latest ACT Annual Conference news

KEYNOTE ANNOUNCED | 40TH ANNIVESARY | COMPETITION WINNERS | BEST RATES | YOUR GUIDE All the latest news on this year’s ACT Annual Conference…   For more details about the ACT Annual Conference, including how to book, visit treasurers.org/annualconference today. You can also follow the latest conference news @actupdate #actac19    

Celebrating our 40th Anniversary – Fellowship and Honorary Fellowship Awards

In 2019 we will celebrate our 40th Anniversary! We are very proud of all that we have achieved over the years, none of which would have been possible without the significant contribution of our members, other treasury professionals and the wider financial community. To celebrate and to recognise this support, Council has invited a small and select group of individuals to become either Fellows (for the most senior and experienced practicing treasurers) or Honorary Fellows (for those no longer practicing treasury or non-treasurers) with effect from 1 January 2019. Of the 15 admitted to Fellowship in this way, 12 are

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

ACT Annual Dinner 2018 – Thank you for supporting us

A huge thank you to all those who came to the ACT Annual Dinner yesterday at the Grosvenor House Hotel, London – it was a huge success and we hope that you all enjoyed the night! The Dinner provided a fantastic opportunity to network with treasury and finance peers whilst enjoying a superb 3-course meal, fine wine and entertainment in one of the most prestigious venues in London. As the night evolved guests welcomed the after dinner speaker, Sandi Toksvig, who received a fantastic reception. With 1500+ guests, the event raised over £60,000 for the Hand in Hand international charity,