Change and Development – Are We Ready?

by Jean-Marc Servat, Chairman, The European Association of Corporate Treasurers (EACT)

When we think about the professional development of treasurers, we naturally think about continuous learning and excellent training that is provided by some national treasury associations. We must be at the leading edge of our technical expertise, but we must also look ahead at trends that are reorganising the environment, affecting our companies and our treasury world. The forces that bring change may impact our profession directly but also indirectly through the non- financial world.

How can we be prepared for foreseeable changes? And how can we prepare even for the ‘unknown’ unknown?

To identify areas of development, in the broad sense, we must first clarify the scope of our profession. It may seem obvious at first sight, but what is a treasurer? It varies according to geographies, to industries, and according to cultures as well. Some organisations use the term ‘treasury’ in a narrow sense, some more widely, and we are aware that our job will depend on the industry in which our company operates.

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