Crab Insight February 2021

Red Tape Busters Volume 8, Issue 05, LEADERSHIP

 

Welcome to the February edition of Crab Insight

Leadership is important at the best of times and through the challenges of life – especially with everything that’s happening at the moment. 

That’s why Leadership is our chosen word of the month. It also goes hand in hand with corporate governance which is Claudia Crabs February Focus.

We want to explore various themes around leadership, so do look out for our social media posts throughout the month.  We would love to hear your thoughts.

Leadership is a key part of our collaborations:

 
 
 
Mainly because at different times different people take leadership roles within our collaborations and that is fantastic as it leads to other opportunities.
 
If you would like to have a chat about corporate governance please don’t hesitate to get in touch.
 
 

Claudia Crab’s February Focus

Claudia the Crimson Crab icon

Corporate Governance

 

“Good corporate governance is about ‘intellectual honesty’ and not just sticking to rules and regulations, capital flowed towards companies that practiced this type of good governance.“ – Mervyn King former governor of the Bank of England

Corporate governance is the system of rules, practices and processes by which a company is directed and controlled. It refers to the way in which companies are governed and to what purpose. It identifies who has power and accountability, and who makes decisions.

Good governance is when a business ensures that there is a robust decision-making process in place. Without good governance, an organisation lacks policies and procedures to ensure accuracy, consistency and responsiveness to key stakeholders including customers, shareholders and regulators.

It has eight major characteristics:

  • participatory,
  • consensus-oriented,
  • accountable,
  • transparent,
  • responsive,
  • effective and efficient,
  • equitable and inclusive and
  • follows the rule of law.

It can be broken down into four simple words:

  • People,
  • Purpose,
  • Process, and
  • Performance

This follows Crimson Crabs strapline  Ethical  |  legal  |  Responsible

Top tip – A great starting point for any business interested in governance is our Business MOT
 

F2 Business Huddle Online

Friday 12 February 2021

12 noon to 2 pm

WE ARE LIMITED TO 100 PLACES

FOUR PLACES ARE LEFT

TO AVOID DISSAPOINTMENT 

Get your ticket on Eventbrite

 

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Until next month look after your reputation!!

Ethical, legal, responsible trading wave
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