Is there an ideal structure for treasury teams?
How should treasury teams best structure themselves to ensure they can cover each critical task? Sally Percy finds out
Steve Jobs, the late founder of technology giant Apple, once said: “Great things in business are never done by one person. They’re done by a team of people.” That principle applies just as much to treasury as it does to any other business function, perhaps even more so given the need for treasuries to maintain segregation of duties or the so-called ‘four eyes’ principle. Segregation of duties is the notion that no employee should be in a position both to commit and conceal fraud or errors – whether deliberately or accidentally – in the usual course of their duties.