imported>Doug Williamson |
imported>Doug Williamson |
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| 1. ''Treasury organisation.''
| | #''UK.'' A corporation that is limited by shares. |
| | | #Similar arrangements in other countries. |
| Treasury organisation which retains control at the centre, contrasted with a decentralised approach.
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| As companies became larger, authority in treasury matters tends to become more centralised in the interests of financial efficiency and control.
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| However, greater centralisation, if badly handled, can result in local demotivation and poor alignment of treasury policy with local business needs. In particular, local cash management is sometimes considered to be better managed at subsidiary level.
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| In the largest organisations, 'dynamic balance' often applies. This involves the sharing of responsibility between the centre and subsidiaries. Authority moves between centre and subsidiaries on the basis of a continuing dialogue about which party is best suited to make particular decisions.
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| 2. ''Other organisations and structures.''
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| Having authority, activity, control or resources located in relatively fewer places, or a single place.
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| == See also == | | == See also == |
| *[[Central account]] | | * [[AG]] |
| *[[Central bank]] | | * [[Company]] |
| *[[Central clearing]] | | * [[GmbH]] |
| *[[Central counterparty]] | | * [[Plc]] |
| *[[Central Limit Order Book]] | | * [[SA]] |
| *[[Decentralised]] | | * [[Limited company]] |
| *[[In-house bank]]
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| *[[Profit centre]]
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| *[[Regional Treasury Centre]]
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| * [[Treasury organisation]]
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:The_business_context]]
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| [[Category:Corporate_finance]]
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| [[Category:Identify_and_assess_risks]]
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| [[Category:Manage_risks]]
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| [[Category:Risk_frameworks]]
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| [[Category:Risk_reporting]]
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| [[Category:Financial_products_and_markets]]
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| [[Category:Treasury_operations_infrastructure]]
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