3.2.4.5 Corporate Action Department
(These also may be divided into Reorg and Dividends Departments.)
- • Handles consequences of corporate actions
- • Manages dividend payments
- • Changes the number of customers’ shares after a stock split
- • Mails proxy information
- • Transfers customers’ shares to new company after a merger
Within the back office, functions should be segregated so that no staff member can move cash or assets on their own and so that
