Question treasuryXL Panel #3 | Should treasury always report to the CFO?

02-11-2021| treasuryXL | TreasurerSearch  | LinkedIn

treasuryXL is the community platform for all your relevant treasury questions.

We received the following question from one of our followers…

 

QUESTION

“Should treasury always report to the CFO and what causes that this sometimes is not the case?” 

ANSWER

We asked for the assistance of our highly valued partners to answer the question: Pieter de Kiewit, Owner and Consultant at TreasurerSearch.

With his expertise, he could help out our contact perfectly!

 

Pieter de Kiewit

Pieter de Kiewit responds:

“In my opinion, treasury should in 95% of the cases report to the CFO. In my work with group treasurers and CFOs it is exceptional to find an organisation in which cash & liquidity, FX % interest risk and/or funding does not have a strategic value. Still, I see treasurers who do not report into their CFO. Sometimes just so, for example when the treasurer works in a completely different time zone and reports into a local MD. Very often not just so because the CFO considers him/herself too busy, decreases the span of control and delegates. A lack in treasury expertise of the CFO and/or the treasurer personally not being able to claim a prominent spot are, in my opinion, reasons for this..”

 

 

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