Big firms could have 'late payment director' to pay suppliers on time https://t.co/2cTuopxST1— Emma Jones (@emmaljones) October 3, 2018
The government has come up with this bollocks idea that is a waste of time and money.
The responsibility for the efficient and effective management of the finances of a company falls under the remit of the CFO. Regarding the specific issues of payment of suppliers, that comes under the remit of the Purchase Manager who reports to the CFO.
Large companies pay SMEs late, not because they are inefficient, but because it is a matter of policy to delay payment to SMEs. A change will only occur when the board deems it necessary!