Back then, the only important milestone that mattered to an investor was the steady increase in the company’s profit. However, things began to change, especially when climate change proved to be more than just an imaginary scenario. Affected businesses have experienced lesser profits which have affected their laborers. These non-financial factors have pushed investors to pressure organizations to incorporate ESG into their businesses.

Corporate formalities are essential for every organization’s unique structure. These include fiduciary duties, financial record-keeping, as well as special and scheduled meetings. Speaking of corporate meetings, an annual stockholders’ meeting (ASM) is a statutory requirement for all Philippine corporations. This formality is highly essential, requiring careful planning from the cost considerations to the voting rights navigation.

The onset of the global pandemic has created much uncertainty for many businesses. Member clubs and associations have seen a decline in membership and revenue as operations halted and members cannot meet physically — bringing gloom into their performance. Fortunately, digitalization has transpired before the pandemic, giving birth to virtual meetings and digital collaboration.

Strategic leadership has always been among the top goals of nonprofit organizations. To make that happen, accountability, effectiveness, transparency, and inclusiveness must be implemented and measured. Such factors also play a significant role in forming good governance for nonprofits, from overseeing organizational performance to making policy decisions. When administered properly, nonprofit governance can make remarkable changes for any organization.