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PwC's recent CEO survey found that 62% of executives say their board should replace at least one director, and 49% of executives believe directors come to meetings unprepared. I answered. How would your CEO answer these questions? Additionally, in PwC's annual survey of corporate directors, 45% of directors say they want to replace someone on their board. What do other board members say about you when you leave the room? Furthermore, how would shareholders evaluate the board if they were observing it? For a board to achieve good governance, there must first be good dynamics within the board and between…
We are all customers of capitalism, an economic system that promotes material well-being. Historically, capitalism has cared for the customer. Not only has it lifted billions of people around the world out of poverty, it has also improved the quality of life in many aspects, from infant mortality to longevity, access to quality education, and economic opportunity for all. has been improved. Some of our most important customers are young people. They should have confidence in the capitalist system and feel motivated to strive for a better future that it offers, but they are not able to do so. A…
A great CFO aligns strategies with the organization’s mission and values, ensuring dynamic growth and impact. For Eric Muhlheim, the CFO of Mozilla, those goals and growth strategies differ from other tech giants. As a non-profit organization committed to fostering an open and free internet, Mozilla, a subsidiary of the Mozilla Foundation, is not driven by maximizing revenue. “The goal is to be a sustainable company and be able to meet our mission goals,” says Muhlheim. In this episode, Muhlheim spoke with Jack McCullough to explore Mozilla’s pivotal role in the tech industry, how he manages financial growth alongside the…
Photo: City of Vernon According to North Okanagan Community Futures, approximately 20,000 people in the North Okanagan currently do not have a family doctor. The information comes as the organization begins taking the next steps to establish a community health center in Vernon. Community Futures Executive Director Riga Horsfield said CHC's business plan was just completed on Friday. She said the plan speaks to the demographics and needs of the community and how many backlogs there are in the area. “My understanding is that the population is hovering around 19,000 to 20,000,” Horsfield said. According to the BC Center for…
Insurance is a tricky topic, especially when it comes to starting a business. The products are complex, and it’s easy to feel intimidated by the jargon. On the other hand, insurance is an important way to protect your business, and if you ever end up relying on commercial insurance, it can be the difference between an unfortunate situation and a total disaster. Getting the lay of the insurance landscape before you sit down to talk to a professional can help you understand both the process and which insurance products your business might need as it grows. And if you’re still…
Insurance is a tricky topic, especially when it comes to starting a business. The products are complex, and it’s easy to feel intimidated by the jargon. On the other hand, insurance is an important way to protect your business, and if you ever end up relying on commercial insurance, it can be the difference between an unfortunate situation and a total disaster. Getting the lay of the insurance landscape before you sit down to talk to a professional can help you understand both the process and which insurance products your business might need as it grows. And if you’re still…
Starting a business can feel a bit like plunging into the middle of the ocean, not knowing where to find the nearest island—all without a life raft. The truth is, the eureka moment that leads you to a truly great idea is only the first of many important business milestones. The path from business idea to business plan to successful business is rife with uncertainty. So, how do you know if you’re heading in the right direction? Sometimes the greatest comfort comes from knowing where the next port lies, even if it’s miles away. Below, you’ll learn important milestones that most…
While encouraging employee retention is important, knowing why employees leave is even more important to developing an effective retention strategy. Offboarding, the process of terminating the employment of a departing employee, is just as important as onboarding. Offboarding not only helps to encourage a smooth separation, ensure knowledge transfer, and protect company assets and data, it also helps companies know why employees leave and what they can do to retain them in the future. An important part of the termination process is the exit interview, allowing employers to understand why an employee is leaving. Especially since the COVID-19 pandemic, some…
Colorado small businesses may be able to access funding through business grants. This “free money” doesn't have to be paid back, but it does require some effort and time away from your day-to-day business operations. And while some grants are only available to Colorado small businesses through local and state government agencies, you can broaden your search to include national grants that are open to businesses across the United States.Here are some small business grants available to Colorado businesses and tips on how to navigate the grant process.To better understand the unique needs of your business, we'll begin by completing…
Starting a business can feel a bit like plunging into the middle of the ocean, not knowing where to find the nearest island—all without a life raft. The truth is, the eureka moment that leads you to a truly great idea is only the first of many important business milestones. The path from business idea to business plan to successful business is rife with uncertainty. So, how do you know if you’re heading in the right direction? Sometimes the greatest comfort comes from knowing where the next port lies, even if it’s miles away. Below, you’ll learn important milestones that most…