Effectiveness of Rules and Regulations in Achieving an Organization’s Mission

What’s the importance of rules and regulations in an organization? Except for rules and regulations mandating ethical and legal behavior (a code of ethics), why do so many rules and regulations exist in business and other entities? How effective are they to achieving the entities vision and mission? Several companies have many rules because they […]

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Tax Reform Should Encourage Job Creation Not Penalize Job Creators

Tax reform should encourage sustained job creation. Thus, governments should not tax retained profits (undistributed profits) but allow firms to use profits to reinvest, create jobs, help to grow the economy, and pay dividends. In turn, governments will tax additional salaries, wages, and dividend payments. Besides, allowing businesses to keep retained earnings tax-free will help […]

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Board of directors in NonProfit Organizations – Choosing Members

The primary role of the board of directors of an entity is to steward owners’ investments in that entity. I served on several boards of directors in many countries representing former Alcan Inc. Some were publicly listed, such as our affiliated companies in Japan (NLM) and Malaysia (Alcom). Others were non-public subsidiaries in Australia, Bermuda, Brazil, Canada, China, India, Jamaica, […]

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Stewardship of Time, Talent, Money Need Same Attitudes

My recent Google search on stewardship of time, stewardship of talents, stewardship of the environment, and stewardship of money produced the most hits–27.1 million–for stewardship of time. This result didn’t surprise me because more articles, websites, blogs, discuss stewarding time than other resources on the internet. Today, many people realize that when they become more effective […]

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