“To be an exceptional board member, know the details first”, Mustapha B. Mugisa, 2013. “Average leaders place blame, exceptional leaders take it.” Craig Valentine. Hey, they take it even when it is not their fault! Conference speakers and lecturers have taught today’s leaders, wrongly, that as a top manager or a board member, you don’t need to know the details of your business. That is the worst business advice people who have not managed any business will tell you. You have a board member who lacks the critical skills about the business. Most of today’s board members are too busy…
Barack Obama’s address at Nelson Mandela’s memorial service
Extracted from http://www.theguardian.com/world/2013/dec/10/barack-obama-nelson-mandela-memorial-service To Graça Machel and the Mandela family; to President Zuma and members of the government; to heads of state and government, past and present; distinguished guests – it is a singular honour to be with you today, to celebrate a life unlike any other. To the people of South Africa– people of every race and walk of life – the world thanks you for sharing Nelson Mandela with us. His struggle was your struggle. His triumph was your triumph. Your dignity and hope found expression in his life, and your freedom, your democracy is his cherished legacy. It is hard…
How do you terminate a non-performer?
It is easy to recruit an employee, but difficult to terminate one. And the laws of Uganda make it so difficult to terminate an employee even when they are non-performers. That if you are reckless employer. To ensure that you don’t keep liability staff in your company, the following guidelines may be handy. Give a performance based employment contract. Sit down with the employee and agree on top 5 key performance targets (what to be achieved) and their performance indicators (what will show that it has been achieved). It is recommended you pay basic salary and a bonus based on…
Here is how to implement “Know Your Staff” policy effectively
Did you know that internal staff are responsible for most frauds in your company? Recent research by the Association of Certified Fraud Examiners (www.acfe.com) reveal that over 80% of the frauds are committed by first time offenders, of which insider involvement is 90%! Your fraud management strategy should focus on minimizing staff fraud. This means one off background checks on staff at recruitment does not add value, yet many companies spend a lot of money in the activity. Here is the deal: Undertake on-going background checks on your key staff. I mean, if someone is in charge of your mission…
“Know Your Staff” effectively, part 2
Below is a guide to implementing KYS policy. Every new employee must be required to complete the “new employee form.” This document is invaluable for investigators. Below is the minimum information HR must collect from each staff. It is recommended that a new form is completed by every staff every three years, and also updated on the automated HR management system. Error on having all your top managers and staff in charge of critical or high risky processes. It will go a long way in reducing fraud incidents. The explanations in italics are to give you insights on how to…
Of government inefficiency and bureaucracy!
Corrupt people like a lot of bureaucracy. That is why many initiatives aimed at creating agile and lean processes will always fail. The biggest culprits are in civil service, public institutions and multinationals. Bureaucracy gives some people a lot of powers. So much that when they go on leave, business stops. And they want it to remain that way! Don’t be surprised that most people will complain about low pay, but will never resign. They exploit the bureaucracy present in the system. Bribery is the act of paying people to do their job. It is a take it or leave…
