Suppose you are the Chief Executive Officer (CEO) of a multinational corporation headquartered in South Africa but has three other subsidiaries in Ghana, Nigeria, and the UK. The company has engaged a new treasurer to manage the company's treasury d

As CEO, it is important to ensure that the new treasurer has a comprehensive understanding of their responsibilities, the company's financial objectives, and the unique considerations of operating in multiple countries. Here’s a checklist of six key points to cover during the orientation program: 1. **Understanding of the Company's Financial Strategy**: - Discuss the company's overall financial goals and strategies, including capital structure, liquidity management, and investment priorities across all subsidiaries. 2. **Treasury Operations and Responsibilities**: - Outline the core responsibilities of the treasury department, including cash management, risk management, financing activities, and compliance with financial regulations. 3. **Foreign Exchange and Currency Management**: - Emphasize the importance of managing foreign exchange risks due to the company's operations in multiple countries. Discuss strategies for hedging and currency exposure management in Ghana, Nigeria, and the UK. 4. **Regulatory Compliance and Reporting**: - Provide an overview of the regulatory environment in each of the countries where the company operates, especially in relation to treasury activities, taxation, and reporting requirements. 5. **Collaboration with Other Departments**: - Highlight the importance of collaboration with other departments, such as accounting, finance, and operations, to ensure cohesive financial management and effective decision-making. 6. **Risk Assessment and Management**: - Discuss the identification and management of various financial risks, including credit risk, market risk, and operational risk, and the role of the treasury department in mitigating these risks. This checklist serves as a foundation for the orientation, ensuring that the new treasurer is well-equipped to fulfill their role effectively within the multinational landscape of the company.