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Activities and Responsibilities for SayProRoyal-12 SayPro Royal Board Finance and Treasury Committee
| Financial Strategy and Planning |
| Financial Strategy Development: Formulate and oversee the organization’s financial strategy to align with overall business goals |
| Strategic Planning: Integrate financial planning into the organization’s strategic planning process |
| Budgeting: Develop and approve annual budgets, including revenue forecasts, expense allocations, and capital expenditures |
| Financial Reporting and Analysis |
| Financial Statements: Review and approve financial statements, including balance sheets, income statements, and cash flow statements |
| Performance Metrics: Analyse financial performance metrics and variances from budgeted figures |
| Financial Analysis: Conduct financial analysis to assess profitability, liquidity, and financial health |
| Treasury Management |
| Cash Management: Oversee cash management practices, including cash flow forecasting and liquidity management |
| Bank Relations: Manage relationships with banks and financial institutions |
| Investment Management: Oversee the management of investments, including short term and long term investments |
| Debt Management: Monitor and manage the organization’s debt portfolio, including loan agreements and repayments |
| Risk Management and Financial Controls |
| Risk Assessment: Identify and assess financial risks, including credit, market, and operational risks |
| Financial Controls: Develop and implement financial controls to safeguard assets and ensure accurate financial reporting |
| Internal Audits: Oversee internal audits related to financial and treasury operations |
| Capital Management |
| Capital Structure: Review and manage the organization’s capital structure, including equity and debt financing |
| Capital Allocation: Evaluate and approve capital allocation decisions for investments, projects, and acquisitions |
| Funding Strategies: Develop and oversee strategies for raising capital and managing financial resources |
| Financial Policies and Procedures |
| Policy Development: Develop and maintain financial policies and procedures, including those related to accounting, treasury, and financial reporting |
| Policy Review: Regularly review and update financial policies to reflect changes in regulations and best practices |
| Compliance: Ensure adherence to financial policies and regulatory requirements |
| Financial Forecasting and Modelling |
| Forecasting: Develop financial forecasts, including revenue projections, expense estimates, and cash flow predictions |
| Modelling: Create financial models to support decision making and strategic planning |
| Scenario Analysis: Perform scenario analysis to evaluate the impact of different financial strategies and market conditions |
| Investment Oversight |
| Investment Strategy: Develop and oversee the organization’s investment strategy, including asset allocation and investment selection |
| Performance Review: Monitor and review the performance of investments and make adjustments as needed |
| Investment Policies: Establish and maintain policies related to investment management and risk |
| Financial Reporting to Stakeholders |
| Stakeholder Reporting: Prepare and present financial reports to stakeholders, including the board, shareholders, and regulators |
| Transparency: Ensure transparency in financial reporting and communication |
| Regulatory Reporting: Ensure compliance with regulatory reporting requirements and deadlines |
| Budgetary Controls and Management |
| Budget Monitoring: Monitor budget performance and variances, and recommend corrective actions |
| Expense Management: Oversee expense management and control measures |
| Cost Control: Implement cost control measures to manage operational expenses effectively |
| Mergers and Acquisitions (M&A) |
| M&A Strategy: Evaluate and oversee mergers, acquisitions, and divestitures |
| Due Diligence: Conduct financial due diligence for potential M&A transactions |
| Integration: Oversee the integration of acquired entities and assets |
| Financial Systems and Technology |
| System Evaluation: Evaluate and oversee financial systems and technologies |
| System Implementation: Support the implementation of new financial systems and technologies |
| Data Security: Ensure the security and integrity of financial data and systems |
| Tax Planning and Compliance |
| Tax Strategy: Develop and oversee tax planning strategies to optimize tax position and compliance |
| Tax Compliance: Ensure compliance with tax regulations and manage tax reporting |
| Tax Risk Management: Identify and manage tax risks and liabilities |
| Strategic Investments and Strategic Partnerships |
| Investment Opportunities: Evaluate strategic investment opportunities and Strategic Partnerships |
| Strategic Partnerships Management: Oversee financial aspects of strategic Partnerships and joint ventures |
| Return on Investment (ROI): Assess and monitor the ROI of strategic investments and Strategic Partnerships |
| Financial Health and Sustainability |
| Financial Stability: Monitor and ensure the financial stability and sustainability of the organization |
| Long Term Planning: Develop long term financial plans to support the organization’s growth and sustainability |
| Sustainability Reporting: Oversee sustainability reporting related to financial performance and environmental, social, and governance (ESG) factors |
| Financing and Credit Facilities |
| Credit Facilities: Manage and oversee the organization’s credit facilities and lines of credit |
| Financing Options: Evaluate and recommend financing options to support business needs |
| Loan Agreements: Review and negotiate loan agreements and terms |
| Financial Performance Monitoring |
| Performance Dashboards: Develop and monitor financial performance dashboards and reports |
| Benchmarking: Benchmark financial performance against industry standards and competitors |
| Variance Analysis: Conduct variance analysis to understand deviations from financial plans |
| Financial Communication and Reporting |
| Internal Communication: Communicate financial information and updates to internal stakeholders |
| External Communication: Manage external communication related to financial performance and issues |
| Investor Relations: Oversee investor relations and communication with shareholders |
| Contingency Planning |
| Contingency Plans: Develop and implement financial contingency plans to address potential financial disruptions |
| Stress Testing: Conduct stress testing to assess the impact of adverse financial scenarios |
| Plan Review: Regularly review and update contingency plans to ensure effectiveness |
| Committee Governance |
| Charter Development: Develop and maintain the Finance and Treasury Committee’s charter, defining its roles and responsibilities |
| Committee Evaluation: Regularly assess the performance and effectiveness of the Finance and Treasury Committee |
| Meeting Management: Schedule and manage committee meetings, ensuring effective discussions and decision making |