On Tuesday, December 15, 2009, Željko Kuvara, Corporate Treasury Director in Tisak d.d., delivered a guest lecture for students as part of International Financial Strategy course.He talked about Corporate Treasury department in the company. Tisak d.d., joint stock company, subsidiary of Agrokor Group, is the largest newsstand retail chain with more than 1200 sales points. It is the leading Croatian distributor of press, tabacco products, prepaid vouchers and other merchandise that are delivered to more than 4600 sales points.
The first job treasury faces is the basic one of conserving the comapany’s funds and ensuring the company has enough cash to operate, i.e. cash and liquidity management. From this definition stem all related jobs and responsibilities. Comtemporary corporate treasuries encompass much broader range than basic liqudity management. Following the lecture, students had an opportunity to analyze a hedging case.
