How many of your staff know why you have implemented internal control systems? Why do you require people to come early at work and sign in the attendance register? Why do you require staff to sign a form that makes them acknowledge having ‘received, read and understood’ respective policies and procedures? Why are visitors required to register at the reception their laptops model, serial number and color, if they visit your office carrying private laptops? Why are staff required to provide accountability for money when they return from a trip? Any company that implements controls and fails to explain why…
The primary role of the board
The board is the second-highest decision-making body in an organization structure, after the shareholders or owners. The owner (the citizens in case of a government-owned entity) or shareholders (for public listed companies) or the founder of the business in case of a family business, handpick people with exceptional skills and leadership and appoint them on the board of directors to govern the organization on their behalf. For emphasis, the board’s primary responsibilities are: 1. Oversight – to ensure the entity is a going concern –business sustainability, strategy, and competitiveness. Sound financials (good cash flows, year on year growing profit margins, reducing…
Are you the right person for the job?
Always ask the following questions to assess your relevancy to any organization you join. Whether it is a political office or board appointment, are you the right person for the job: What value in terms of skills, experience, and networks do I bring on the table? After my term in office, what organization achievements will be identified with me? Considering the nature of the organization and its competitive environment, which kind of leadership is needed and how do I help fix it? I am the best person for this role or I am just being rewarded by the appointing authority?…
