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BA Supplement - Travel policy - A Long day's journey.

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| March 01, 2005 | COPYRIGHT 2005 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Financial Director)

Byline: Anthony Harrington.

Whether businesses are cost-conscious or comfort-conscious, virtually everyone has a travel policy. And the need for prudence - a classic accounting virtue if ever there were one - means that even companies with exceptionally deep pockets, where the total spend on travel may not be significant by comparison with the size of its p&l, feel obliged to set up and monitor rules about who gets to travel on what class or by which mode of transport.

The problem with doing this is that rules that are either simply unenforceable, or not enforced, aren't rules at all. So any worthwhile travel policy ...

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