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.
The scale of the not-for-profit (NFP) sector in Australia continues to grow. With the global crisis, there is a great opportunity to innovate, rethink, and venture out for the future of the sector. Last December 9, 2021, Convene sponsored a panel discussion about the investment of NFPs in innovation during these times. The session is part of the Governance Institute of Australia‘s (GIA) Not-for-Profit Governance Forum 2021.
Cybersecurity in 2021 has been a challenge for many organizations around the world. No sector is spared from cyberattacks — even emerging companies and leading industry leaders from diverse industries are vulnerable to such attacks. In the US alone, the Identity Theft Resource Center (ITRC) identified that the number of data breaches in 2021 has surpassed the volume of data breaches in 2020.
A decade ago, telecommuting or “working from home” was new and only offered to those in higher management as an extra perk. This is because high-quality audio and video streaming tools needed for telecommuting are typically overpriced at that time. Fast forward to 2021, the world gets hit by a pandemic, and overnight, everybody had to evolve to the new normal.
The year 2021 has passed, and it’s a new year for another annual general meeting. The previous years have opened up AGMs to venture out of the four-walled conference halls. In addition, the global crisis has become an accelerant for companies to adopt digital solutions and explore virtual and hybrid AGMs.
In the field of healthcare, clinical governance is the primary priority to maintain the health and wellness of the patients. Advancements in medicines and practices are developed to support the goal of clinical governance. Similarly, healthcare boards also work towards achieving better healthcare board governance. This means making workflows more efficient to sustain the business while complying with regulations.
