In addition to high quality, devoted personnel, you need to ensure your company or organization has sufficient internal controls in place more on those in an alternate post. In his book Outstanding!47 Ways to Make Your Organization Exceptional, author John G. Miller puts it simply: Select the good person for the job – and start by hiring personality over school levels. A classic hiring mistake is valuing “book learning” over personality. In my personal experience, when I have hired in accordance with perceived skills, historical past and schooling, I have almost always fired on the idea of personality – or should I say, the lack of it. Having good quality employees is a must-have for enterprise prosperity. We haven’t adopted corporategovernance measures reminiscent of an audit or other impartial committees of our board of administrators as we presently do not have a majorityindependent directors on our board. If we expand our board club in future periods to include additional impartial administrators,we may seek to set up an audit and other committees of our board of administrators. It is feasible that if our Board of Directorsincluded impartial administrators and if we were to adopt some or all of these corporate governance measures, stockholders wouldbenefit from a little bit bigger insurance that internal company judgements were being made by disinterested administrators and thatpolicies have been implemented to define responsible conduct. For instance, in the absence of audit, nominating and compensationcommittees constituted of as a minimum a majority of independent administrators, decisions regarding concerns such as compensation packagesto our senior officials and suggestions for director nominee may be made by a majority of directors who are interested inthe outcome of the concerns being determined. Prospective investors should be aware our current loss of company governance measuresin formulating their investment decisions. To manage our possiblefuture growth successfully, we might be required to proceed to improve our operational, financial and control programs.
Categories