Share Buybacks and Treasury Roles and Responsibilities Top Agenda for T30 Meeting
Treasurers’ Group of Thirty meeting gets underway on November 29 at host Avaya’s Santa Clara, CA headquarters.
As T30 meets for the group’s 13th year, the treasurer members are keen to discuss their top-of-mind issues. Using pre-meeting surveys and benchmarking, members decide what they wish to discuss, a hallmark of NeuGroup peer group knowledge exchange process.
After a round-robin of each member’s projects and priorities, meeting sponsor Standard Chartered will give the group an overview of the new thinking in keeping borrowing costs down in an era of rising interest rates. The bank will also present on share buyback trends and practices. As many companies have decided that repatriated funds will go toward share repurchases, members will discuss the strategy trends including whether buybacks drive management away from value-accretive projects or induce more efficiency and rigor in decision-making.
During a roundtable session, members will discuss rethinking the art and science of capital allocation decisions and metrics, including on what basis capital allocations are determined: WAAC, NPV, RaROC or risk-adjusted NPV. Member companies who have made substantial changes to their capital allocations approach because of US tax reform will share their experiences.
In a member-lead presentation, the topic of reevaluating treasury roles and responsibilities and how they fit within organizational structures will be addressed. Treasury professionals are continually asked to do more with the same, or fewer, resources. Meanwhile, roles and responsibilities for those charged with performing treasury duties continue to expand, often well beyond core treasury activities. Understanding how companies compare is also difficult due to the differing demands of businesses that have developed unique treasury structures.
Companies across the NeuGroup Network are routinely evaluating treasury roles, responsibilities and structures to best scale finance functions, prepare for growth, adapt to new technologies and proactively manage increased treasury scope. In this session, members will assess typical and atypical roles and responsibilities, compare them across organizations and examine how they fit within them. The goal is to help members better scale teams and maximize efficiencies and effectiveness.