Boards of directors can be a blessing or a curse to a company, depending on how well they are managed. The following guidelines will help you manage board relations effectively. 1. Establish clear lines of communication. Make sure that all directors have access to...
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Why have a committee or nonprofit retreat? Committee or nonprofit retreats are important for many reasons. They can provide an opportunity for all members of the group to come together and discuss the group's goals, strategies, and operations. They can also help to build...
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The board of directors is the most important part of any company's governance structure. The board is responsible for overseeing the management of the company and ensuring that it is acting in the best interests of the shareholders. The board is also responsible for ensuring...
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If you are looking for ideas for team-building exercises for your next corporate retreat, you have come to the right place. In this article, we will explore a variety of exercises that can help your team work more effectively together. First, let's consider some of...
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What is succession planning ,and why is it it important for businesses Succession planning is the process of ensuring that an organisation has a smooth and effective transition of power when key roles become vacant. It is important for businesses because without a clear succession...
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1. Establish the board's role The board's role in strategy development needs to be clarified at the outset. The board's role may be to provide broad guidance, or it may be more active in developing specific strategic initiatives. 2. Understand the company's competitive environment...
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Succession Planning A company's most important assets are its employees. To be sure, a company's products and its marketing acumen are also critical, but the most important factor in the success or failure of a company is the people who make it run. As a result,...
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Inside the mind of a leader: What to expect at your next retreat Are you excited to dive into some serious leadership development next week at your next team retreat? Sure you are, especially if you're reading this blog. "I don't know about you but...
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In recent years, more and more corporations have been adding leadership retreats to their organisation development plans. There are a number of compelling reasons for adding a leadership retreat to a leadership development plan. Successful executive coaching requires a retreat. What's an executive retreat? A executive retreat is an opportunity for leaders to get out of the daily distractions of their work lives, to think clearly and build consensus...
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Many people tend to think of a director as someone who simply oversees day-to-day operations in a company, but a director’s most important job is to provide strategic leadership. Effective strategic planning encompasses the process of defining a company’s strategy, a roadmap for how a...
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