Survey Results: Delegation of Authority


1. Who is responsible for managing your company's delegation of approval authority process? (Total responses: n=40)
(select only one)
n=10 (25.00%) Corporate secretary's office
n=11 (27.50%) Legal department
n=5 (12.50%) Individual business units are responsible for managing their own process
n=12 (30.00%) Finance
n=2 (5.00%) Other

2. On what does your company base its delegation of authority structure? (Total responses: n=40)
(select all that apply, may total more than 100%)
n=36 (90.00%) Monetary thresholds
n=28 (70.00%) Transaction type (e.g. acquisition, capital expenditure, procurement, etc.)
n=0 (0.00%) Strategic impact
n=6 (15.00%) Business risk
n=1 (2.50%) Time/resource commitment
n=3 (7.50%) Other non-monetary considerations

3. Which best describes your company's approach to delegation of authority? (Total responses: n=40)
(select only one)
n=23 (57.50%) We have a single policy that uniformly applies to the parent company and subsidiaries
n=10 (25.00%) We have a single policy with unique thresholds for the parent and/or particular subsidiaries
n=4 (10.00%) We do not have a single policy and separately address delegation of authority at each subsidiary
n=2 (5.00%) Not applicable as our company isn't structured into parent and subsidiaries
n=1 (2.50%) Other

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