• Corporate Secretary

    September 19, 2011 // Comments Off on Corporate Secretary

    And in fact, both cases have their attractive sides. With self-administered, the register is always "at hand", and any operation in the registry can be performed directly on the location of the company, the analytical information available to management of the issuer at any time, and the safe in which to store documents that make up the system of keeping the registry, creates a feeling of security and reliability. But, as practice shows, in a separate registry of increasing the likelihood of violations that create the ground for conflict of interests within society, and loss of property rights investors. Still fresh in the memory raider attack, supported by a fake registry, "double" the registry, or simply force the withdrawal of the registry from the most reliable, metal enclosure. For this reason, many stock Society, by law, have the right to register themselves, prefer to use the services of specialists and passed the registry for storing specialized registrar. However, a considerable number of societies, sure of Security of your storage and the skills of their employees, has continued to register yourself at your own risk. The situation changed with the release of the Order of the Federal Financial Markets Service dated December 27, 2007 07-113/pz-n, which establishes the Additional requirements to issuers engaged in self-maintaining a register of holders of securities. In accordance with the order, the responsibility for maintenance and storage of the register is assigned only to the person performing the functions of individual executive body (which usually is the CEO of company), and can not be assigned to other persons or other bodies of the issuer. In other words, if conflict situations, "fault" error in the registry system can not be passed on to the employee (or group of employees) who are in the state of the issuer and which maintains the register. In independent, so-called "manual" of the registry, this work was entrusted to a specially appointed Corporate Secretary, or, more often – legal department (company lawyer), or even when the absence of a state attorney, accountant society.

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    Navruzov Jury

    September 16, 2011 // Comments Off on Navruzov Jury

    Human nature of managerial inefficiency of managers and subordinates Causes of symptoms and methods of eliminating Navruzov Jury, managing partner of consulting firm Netton CG, Professor of Management, MIM-Kyiv What hidden reserves are increasing the value and prospects of organic business growth? Is not this a question that worries everyone, without exception, of owners and managers the most progressive part of the Ukrainian companies! And do not whether or not to think about the answer to this question, before considering options for investment in expanding production and distribution, in the acquisition of new assets, and other forms of inorganic growth? Below – Some recommendations leading to open and use existing reserves management efficiencies. Examples of inefficient decisions and actions consider several examples to illustrate the ineffective solutions managers and, consequently, ineffective action performers in different – the real and simulated – situations. And try to learn the right lessons from them. Cross-functional solutions require coordination action of the major American company that produces natural gas heating equipment, has decided to locate production in China. Terms were limited to the need to have time to seasonal demand growth.

    Chinese engineers accustomed to finding options to reduce costs, switched to lower-quality materials and components, cheap paint, placed controls and maintenance of equipment, not where it is more convenient to the user, and where more technologically cost to build. The fact that rarely see and often can not see The subjects offered to scan luggage at the airport. Moreover, the pre-reported frequency with which may come across dangerous and prohibited items. If you say that in every other bag, the error was about 7%. If – in every one hundred, then the error increases to 30%. It is often blinded by the success of managers and can not make the right decision Quartz mechanism invented by Swiss watchmakers, but dominance at the moment the market has not allowed them to see the prospects for further development of the market hours.

    Posted in General