Imagine acompany’s workflowas a river. BPR is not about directing the river through small channels or cleaning up the water; it’s about rerouting the river entirely or finding a new source. It involves looking at the very essence of the company’s processes and asking: “If we were to...
When it comes to disclosure of financial information to shareholders and/ or non-board residents, experts suggest transparency as the best policy. “Transparency and full disclosure is always the healthiest way to conduct affairs as a board member,” Love adds. “If the board is withholding infor...
B Lab’s goal is to build “a global community of Certified B Corporations who meet the highest standards of verified, overall social and environmental performance, public transparency and legal accountability.” A Certified B Corporation is a company that has passed B Lab’s certification process...
The U.S. Treasury's Financial Crimes Enforcement Network (FinCEN) protects our financial system. FinCEN is responsible for enforcing the Corporate Transparency Act.
What is the SDRs? 什么是特别提款权? Special Drawing Rights, or SDRs, play an important role in providing liquidity to the global economic system.SDRs were created by the IMF in 1969 to supplement the official reserves of its member countries. SDRs aren't a currency and they're not claims...
Accountability. Problem-solving. Leadership Skills This soft skill is the ability to inspire, influence and guide others toward achieving common goals or objectives. However, being an effective leader in any organization will require a combination of many soft skills, such as: Decision...
Confidentiality, integrity, and availability (the CIA triad) is a security model that guides information security policies within organizations.
Having well-established protocols ensures everyone is on the same page, provides consistency across the organization, and increases accountability among NOC staff. Of course, having the right people and processes in place lays the foundation, but the actual work can’t be done with the right tools...
A balanced scorecard (BSC) is astrategic managementperformancemetricthat a company can use to improve internal business operations and external results.1It's a way for organizations to focus on processes, that, when combined, can help them meet their financial goals. The balanced scorecard takes i...
A capital budget will often span many periods and potentially many years so companies often use discountedcash flowtechniques to assess not only cash flow timing but also implications of the dollar. Currencies often become devalued as time passes. A central concept of economics is that a dollar ...