You have been approached by a Multinational Corporation that wants to begin hedging its foreign exchange exposure and is seeking your advice on how to best organise the hedging function within the corporation. Using the evidence in Jankensgård (Jankensgård, H., 2015, Does Centralisation of FX Derivative Usage Impact Firm Value?

European Financial Management 21, 309-332) to guide and inform you, Explain what advice you would give to the multinational and Explain why you would give that advice.