Access to a company's assets should be limited to whom?

The focus on limiting access to a company's assets to authorized personnel is grounded in principles of security, accountability, and risk management. By restricting asset access to only those individuals who have been granted specific authority, a company can significantly reduce the likelihood of fraud, theft, or misappropriation of resources. Authorized personnel typically includes employees who have undergone proper vetting and training, ensuring they understand the responsibilities and risks associated with handling company assets.

This controlled access mechanism also enables better monitoring and tracking of asset usage, as it creates a clear chain of responsibility. When only designated individuals can interact with key resources, it simplifies adherence to internal policies and regulatory requirements.

While directors and non-executive directors may have significant roles within the company, their access should be governed by the nature of their position and the organization's policies rather than being unrestricted. Similarly, bankers or lenders, while critical to the organization's financial success, do not need access to the company's physical assets for operational purposes. Therefore, granting access solely to authorized personnel is essential for maintaining the integrity and security of a firm’s resources.