Falling commodity prices might have put a dent in its quarterly payments to shareholders, but Shell still distributes around $1.9 billion to approximately 600,000 recipients every three months.
Improving dividend distribution is not an obvious focus area for corporate treasurers, even in an organization as large as Shell, which has hundreds of people across various departments reporting into its group treasurer. But even a cursory knowledge of the process would reveal that it can create sizeable credit and FX exposures and significant cash management issues.
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