What a time for the evolution of treasury. The financial crisis galvanized treasury's already steady rise in the corporate firmament from back-office operation to a strategic partner that's not only critical to the company's survival but key to creating value for the business as the world moves on. Nowhere is that more evident than in this year's strong field of contenders for the Alexander Hamilton Best Practices Awards. This marks the 14th year that Treasury & Risk has honored excellence in treasury management with the competition and our AHA Summit, where companies share their best practices with their peers. Our categories are evolving, too. Since technology will only play a greater role in treasury as the need to make decisions faster based on vast amounts of rapidly changing information becomes more acute, T&R has split this category into two awards. And we've added recognition for Best Green Strategy to the line-up as well. Many thanks to our judges, who brought a wealth of industry experience and knowledge to the panel: Mike Gallanis, partner at Treasury Strategies; Jean-Francois Heitz, former deputy CFO and treasurer at Microsoft; Marie Hollein, CEO of Financial Executives International; Craig Jeffery, managing director of Strategic Treasurer; and Edward Liebert, past chairman of the National Association of Corporate Treasurers and former treasurer of Rohm & Haas. Each committed hours to reading nearly 70 entries, selecting their three top picks in each category and engaging in a comprehensive discussion of the strengths and weaknesses of the selections to arrive at a consensus. The competition was fierce. Thank you all for your entries and congratulations to the winners. See you same time next year.
From the November 2009 issue of Treasury & Risk magazine