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Whether you’re using files cabinets, a folder on your computer or an online storage service like Google Drive, managing a huge amount of documentation can be a challenge and inefficient. Employees can spend more than 2.5 hours per day looking for the most important information needed to perform their job. The chaos of paper documents […]
How to Organize the Work of a Company
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Effective corporate governance includes the rules, procedures, and guidelines that govern a business, while also considering the interests of employees, shareholders, customers suppliers, lenders the government and the community. These elements are essential for an effective and profitable business. The human element of good governance ensures that the people involved in the business’s operations are […]
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For a company to be successful in the long term it is crucial to maximize the team’s resources and time. However, efficiency and effectiveness are not the same thing. The difference between these two concepts is that efficiency is focused on business processes and operation which is optimized to reduce waste (time and money) and […]
Minutes of the Board Meeting
The minutes of board meetings are a critical record of key information and governance procedures. If they are well-planned and approved they form the basis for post-decision evaluations and help boards hold themselves accountable to their agreed decision-making procedures. They can also help prevent the board from making a mistake in the future, which could […]
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A well-run board meeting is one of the most effective ways to get buy in on difficult problems and take decisions. To ensure that meetings are productive it is crucial that everyone is on the same line and has had the opportunity to go over the material prior to the meeting. This will allow for […]