Problem 1 Touten Plc is a UK registered multinational company with 14 subsidiaries in Europe, Asia and Africa. The subsidiaries have traditionally been allowed a large amount of autonomy, but Touten plc is now proposing to centralise most of the group treasury management operations. Required Acting as a consultant to Touten ple prepare a memo suitable for distribution from the group finance director to the senior management of each of the subsidiaries explaining a) The potential benefits of treasury centralisation and b) how the company proposes to minimise any potential problems for the subsidiaries that may arise as a result of the treasury centralisation. Problem 1 Touten Plc is a UK registered multinational company with 14 subsidiaries in Europe, Asia and Africa. The subsidiaries have traditionally been allowed a large amount of autonomy, but Touten plc is now proposing to centralise most of the group treasury management operations. Required Acting as a consultant to Touten ple prepare a memo suitable for distribution from the group finance director to the senior management of each of the subsidiaries explaining a) The potential benefits of treasury centralisation and b) how the company proposes to minimise any potential problems for the subsidiaries that may arise as a result of the treasury centralisation