Before you sign (TT Mar09 p22-24)

I was recently at a gathering of financial directors hosted by a private equity house when one proclaimed: “Now is the time that FDs really need to know what is in their facility documentation.” With hindsight, I will give these FDs the benefit of the doubt as they were mainly interims, had probably not originally been involved in the setting up of their facilities, and just had to live with what they had been given.