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Mentoring provides a forum for the exchange of ideas, best practice and open discussion. The ACT’s Mentoring Scheme provides an opportunity for more experienced members to help other members. It provides a forum for the exchange of ideas, best practice and open discussion. To find out more about the scheme visit treasurers.org/mentoring The mentoring scheme provides useful documents and information about how to get the best out of your mentoring relationship. The role of the mentor The role of a mentor is to contribute towards your mentee’s career aspirations through careful guidance and support. The mentor uses their experience, expertise,
We understand that it can be quite a daunting thing to attend an event, particularly if it’s your first time coming to one, so here is a handy list of dos and don’ts that we think will help you make a good impression at the ACT Smart Cash conference in London on 8-9 February 2017. DO wear your name badge at all times. It’s for security – yours. Name badges help delegates to identify people at six paces that they’d rather avoid. DO NOT look at or hold up your own name badge when introducing yourself to people. It makes
The 2016 joint annual poll conducted by financial cloud software provider Kyriba and the ACT found that 62% of respondents had been targets of either internal or external fraud over the past year – up from 43% in the previous survey. But while fraud prevention would, on that basis, appear to be a priority area for improvement, respondents indicated they were far more focused on honing their skills in other areas, such as: cash and liquidity management; cash-flow forecasting; treasury automation; and risk management. The survey revealed that resource-strapped treasurers face the concurrent issues of growing operational complexity, more onerous
Pretty much since the dawn of time there has been a simple fact about business: if you haven’t got any cash, you won’t have a business. The overwhelming reason for business failure is running out of money. And that means real money, not hoped for money, not might be money and certainly not ‘the cheque’s in the post’ or, ‘will next week do?’ money! What has changed though is the way in which the people responsible for making sure business survives -that’s us as treasurers – have used the tools and techniques of finance to ensure survival. That’s equally true
We sit in London looking out on the office blocks of the financial services community and that does give a bias to be drawn to read the Brexit blurb in the press but 2017 will raise issues which transcend the UK’s self-imposed uncertainty of stepping out of one trade bloc in the hope of creating its own. Brexit has yet to formally commence although we now know how to do that. We will continue to watch and worry over its development for several years. The themes we can expect to develop to some tangible outcome during 2017 are bank regulation
A huge shout out for all of you who have supported the ACT during 2016. You have all really made the difference. Thank you. Believe me you needn’t have tried so hard to create the political and economic conditions that reminds everyone just why they need an ACT qualified treasurer in their midst to make sense of what lies ahead of us and thus deliver an honest crust for your business. Naturally I’m thrilled to report that the ACT team has done all it can to give you the very best support. It’s a startling statistic, but I can confidently
I recently attended a roundtable to discuss the forthcoming UK Money Markets Code (which ironically will not cover MMFs). The opening sentence uttered by a banker who was co-hosting the meeting was “this is not regulation by the back door”. I listened, argued, tried to believe it, but don’t. If bankers want to impose ‘soft regulation’’ on themselves that is fine (and arguably laudable) but my real concern is that old saw of ‘unintended consequences’… Basically any corporate who is “regularly active” in placing money on deposit, investing in repos or borrowing and lending securities will be caught by the
He had huge charm, a wicked sense of humour and great backbone.” Mike Northeast Peter was one of the ACT ‘Pioneers’ and was instrumental in the formation of the ACT in 1979 and the early development of the treasury profession. He was a member of the very first Council and Chairman of Council from 1982-84. His professional career was shaped by the first ever B.Com course at Birmingham University. Following the war, where he served as an infantryman in the Royal Warwickshire Regiment, he qualified as a Chartered Accountant and quickly established a taste for business turnarounds. Looking beyond