Category : Management

MENTORING THE BOARD OF DIRECTORS

Mentoring the board of directors is an important responsibility for a chairman. It involves guiding and developing the board members to enhance their effectiveness, knowledge, and decision-making abilities. Here are some key considerations for a chairman when mentoring the board: Establish a positive and open relationship: Build a strong rapport with individual board members based […]

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WHAT IS A CORPORATE RECOVERY SPECIALIST

A corporate recovery specialist, also known as a turnaround consultant or a corporate restructuring expert, is a professional who specialises in assisting financially distressed or underperforming companies. Their primary goal is to help struggling businesses overcome their challenges and return to a stable and profitable state. Here are some key aspects of a corporate recovery […]

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WHAT IS A TURNAROUND SPECIALIST?

What is a turnaround specialist? How can they help my business? A turnaround specialist is a professional who specialises in helping distressed or underperforming companies overcome financial difficulties and restore their profitability. These specialists have expertise in assessing troubled businesses, identifying the underlying problems, and implementing strategies to turn them around. They typically have a […]

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WHAT MAKES AN EFFECTIVE BOARD OF DIRECTORS

An effective board of directors demonstrate several key qualities and practices that enable it to fulfil its responsibilities, provide strategic guidance, and contribute to the success of an organisation. Here are some factors that make a board of directors effective: Clear Roles and Responsibilities: An effective board has well-defined roles and responsibilities for both individual […]

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QUALITIES TO BE A SUCCESSFUL DIRECTOR

The top qualities to be a successful company director may vary depending on the specific industry, company, and role. However, some general qualities that are typically associated with successful director level executives and the upholding of directors duty include: Strategic thinking: Director level executives must have the ability to think critically and strategically about their […]

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