EverythingHR Events’ Post

Today, Rick Yvanovich FCMA CGMA FCPA MSc CCMP CCMC CBC guided us into a bold new territory of modern business: “Business As UnUsual.” He addressed the idea that in today’s era of rapid changes and constant uncertainty, the traditional approach to business is no longer sufficient for success. Rick emphasized the importance of flexibility and adaptability in the face of technological and social changes. He encouraged us to look beyond the usual routine and seek ways to innovate in what we do. A challenge we are determined to tackle with courage and confidence in our professional future! #EverythingHR #EverythingHR2024 #RickYvanovich

Almost half of business leaders claim their organisations are already antifragile but only 7% said their organisations were “risk welcoming”. Discover how you can really adopt the anitfragile mindset. 🔎 Read our report: https://lnkd.in/dm58dhTS #BDO #GlobalRiskLandscape2024 #RiskAdvisory #BDOMalta

Inspirational Monday! Businesses must harness the power of ethics which is, assuming a new level of importance and power required for growth with sustainability. The thing is, continuity of strategic direction and continuous improvement in how you do things are absolutely consistent with each other. In fact, they are mutually reinforcing. #BecomeaMember #LCCI #BecomeaBetterYou

Earlier this week, I presented on the topic "How to Think Like a Lawyer" at the Seattle U Family Business Exchange. Lawyers are taught to think using the “case method”, which helps separate the core issues and evaluate risk. It’s a fun and interactive presentation, and I love that it highlights why lawyers are valuable strategic leaders on your team. After the presentation, Peter Rowan, Executive Director of the FBX program, shared with me his prior research on the nuanced difference between "Risk" and "Uncertainty". And I was fascinated! These terms are often used interchangeably but they are really different - especially in how a leader tackles them. Risk is a known factor – with known probabilities and measurable outcomes. Uncertainty deals with unknown factors where the probabilities of outcomes cannot be accurately estimated due. With Risk, you can apply strategies like legal infrastructure (i.e. contracts, insurance, policies) to manage or mitigate risk. With Uncertainty, you can’t predict the future. Flexibility and adaptability decision-making is the critical success factor.   What problems are you currently working on? Consider whether the problem is driven more by Risk or Uncertainty -- or both? How can this distinction help you think differently about your approach? P.S. Thank you to Jenifer Lambert for her HR Hotspot program, highlighting this great topic quite a few years ago. #equinoxlaw #fractionalgc #businessrisk

In 2024, a survey by Macquarie Business Banking revealed that 80% of Australian law firms reported net profit margins above 10%, with one in three exceeding 30%(thelawyermag.com). Despite these impressive figures, many firms still grapple with integrating business development into their culture. Often, lawyers are expected to excel in business development without adequate training or support. By fostering a leadership mindset that views business development as a core skill, firms can bridge this gap, leading to sustained growth and a more cohesive team dynamic.#Pathway2Promotion #BusinessDevelopment #LawFirmGrowth

Happy Monday to all 🙌 Against a difficult few weeks of #social #unrest and riots, I think it's important to celebrate the 'good' in the world of #inclusion. ❕ Spotlight on Insurance ❕ Pleasing to see Lloyd's and the #London #Insurance market make meaningful, positive steps on matters affecting #culture #diversity and #inclusion with its Culture sub-principles update. #Managing #agents will be assessed on #five sub-principles: 💡 #Leadership Focus: Emphasis on fostering an #inclusive and #high-performance culture at all levels. 💡 #Inclusive #Behaviour: Zero tolerance for inappropriate behaviour, fostering inclusive practices. 💡 #Psychological #Safety: Encouraging #speaking up, accessing diverse perspectives, and focusing on continuous improvement. 💡 #Diverse #Representation: Ensuring diverse representation within the workforce and leadership levels, reflecting society. 💡 #Data-Driven Insights: Using data and #insights to inform #actions and create an inclusive employee experience. Firms will need to #demonstrate how they meet these Lloyd's expectations, based on their #maturity and #workforce size (and inherent materiality based on #risk, #resources, sophistication of #data, #systems and #processes). Lloyds has identified four #maturity levels: 💡Foundational (Low materiality): Workforce size < 100 💡Intermediate (Moderate materiality): Workforce size 100 - 499 💡Established (High materiality): Workforce size 500+ 💡Advanced (Highest materiality): Aspirational, no managing agents required to be Advanced at this stage Whilst not a 'checklist', Lloyd's has developed helpful #guidance to help firms on their journey - (https://lnkd.in/eQASDVYt.) Look out for addition #deepdive sessions on each sub-principle available from September 2024.

🌟 Staying compliant in the fast-paced world of finance is a must! RegTech Insight, from A-Team Group, dives into how to meet 'fit and proper' requirements, emphasizing the role of tech like MCO (MyComplianceOffice) in keeping everything on track. 🔍💼 Catch the highlights from the recent webinar by A-Team Group featuring insights from experts at Citi, Howden, and MCO (MyComplianceOffice). They explore building a solid compliance culture and the power of teamwork. 🤝✨ Want to learn more? Check out the full article for a deeper dive! 📖 #Compliance #RegTech #Leadership #FinancialServices #MCO

One of our values is “We love to do business, but not at any cost… values come first.” Sure, success is sweet, but doing the right thing and feeling like you’ve earned it matters much more than profit, revenue, or business. Consider this: companies that prioritize ethical practices often see higher long-term success. According to a study by the Ethisphere Institute, the World’s Most Ethical Companies outperformed the Large Cap Index by 7.1% over five years ➡️ This demonstrates that doing the right thing not only feels good but also makes good business sense. For businesses looking to integrate strong values, here are a few pieces of advice: 💡Lead by Example: Ensure leadership models the values you want to see throughout the company. 💡Communicate Clearly: Make your values known and understood by everyone in the organization. 💡Reward Ethical Behavior: Recognize and reward actions that reflect the company’s values. 💡Regular Training: Provide continuous education on the importance of ethics and values in the workplace. 💡Accountability: Hold everyone accountable to the same standards, regardless of their position. We invite you to explore more about our values more and see how they shape our approach to business. Discover the principles that guide us every day: https://buff.ly/3wgNyFr #Values #Business #Finance #PrivateEquity

An organisation grounded in high principles doesn't just survive, it thrives. When an organisation commits to doing the right thing, it empowers its people to act decisively and with confidence. This alignment with ethical standards fosters a culture of trust, driving greater effectiveness and collaboration across teams. It’s not just about profits; it’s about creating a legacy of integrity that resonates through every level of the organisation. Corporate governance plays a crucial role in upholding these high principles, ensuring that ethical standards guide decision-making processes from the top to bottom. When governance frameworks are robust and transparent, they provide the structure needed for individuals to make the right choices without hesitation. This not only enhances the organisation’s reputation but also builds a foundation of trust with stakeholders, ultimately leading to sustainable growth and long-term success. For more inquiries, mail us at info@corpgovnigeria.org #BoardOfDirectors #BoardIndependence #SCGN #Training #CorporateResponsibility #Management #BusinessConsultant #CorporateGovernanceCodes #CorporateGovernance #SCGNNigeria.