When you get the opportunity of being a board member, you realize how boardroom politics is the number one killer of businesses. The most ineffective Boards are NGOs and public entities. These organizations have board members just for window dressing. They want to project a picture of being ‘well governed’ to access funds or financing. The biggest joke is the fact that most CEOs handpick most board members. Big perks If you are a Board member in some organization, it is likely that the managing director invited you to sit on the Board. Although these positions attract no salary i.e.…
Google honors Uganda’s 51st Independence day! What a journey it has been?
What a better Independence Day GIFT than finding a Google doodle on the front page of thehttps://www.google.com! If you used a Uganda IP address to access Google home page on 9th October 2013, you were received with the Uganda Independence Day doodle. It is a great honor to Uganda. Well done Google. It is these seemingly small things that folks at Go – ogle (Google) do that make it a great company. Here in Uganda, we are celebrating 51st independence anniversary from the British rule in 1962. It has been a long journey, but worth it. The Journey The most…
Bluffing at a job interviews: this guy is a disgrace!
I am always privileged to assist companies when recruiting their top managers. After attending several selection interviews, it is clear that many people still don’t know their priorities for career success. I have often said “it does not matter how well qualified or great person you are, if people don’t know that you are great, you will remain unemployed.” With due respect to professors and other great professionals, why invest so much in your technical skills and so little in promoting those skills? Three days ago, I was invited by the HR manager of a financial institution in Kampala to…
Here is how you can respect others and succeed
One of the values of successful and eminent people is respect. They respect themselves and those they interact with. You too, must respect people regardless of their background or current social standing. So, what is respect? First, you need to respect yourself. Anything you would not want to appear about you in the media, avoid it. Be compliant in everything you do. Work hard and create a long term foundation for your success. Avoid cutting corners. And of course, look after yourself well – press your shirts, wear clean socks, brush your teeth and smell good. Second, respect others. There…
Need a forensic lab? Here is how to justify funds for it…
If you work in Internal audit department, below are ideas on how you can have your Audit committee commit funds to establishing a robust computer forensic investigations department. Remember, the same tools can help you undertake proactive forensics. And in your justification, error on proactive forensics — getting to the bottom of past frauds so that they are never repeated. When you catch a fraudster, they usually think twice! Below is a justification statement to your Audit Committee of the Board. Remember, your CEO may see no need to empower you with all the skills and tools you need. The…
Uganda Parliament finally passes the Anti-Money Laundering law
It has been a big stumbling block to the country’s competitiveness. The long awaited anti-money laundering bill was finally passed by Parliament of Uganda in August 2013 and now awaits presidential assent to become law. The Anti-Money Laundering law is aimed at combating corruption, drug trafficking and terrorism financing through criminalizing money laundering activities. As one banker lamented in 2010, “Bank of Uganda, through the Financial Institutions Act 2004, has been requiring us to undertake a thorough background check on customers through know-your-customers rules, flag suspicious transactions and report them as well as categorize customers based on risk assessment on…
