Today was one of those days where my mind wouldn’t focus on one particular thing. I initially tried to resolve this early on by taking our Ridgeback with me to Subaru when dropping off my car for a service, as that entailed a good, long walk back home. That was fun, especially as we had a river to cross and he could be let off the leash – doesn’t it always bring a smile to your face to see a dog…
I am getting frustrated. I wrote a while back about the capital logjam in South Africa and have now had a few more months of experiencing this. What exactly is the issue?
Firstly, South Africa does not have a rich culture of Angel and VC investors. There are pockets of individuals who act as Angels and have set up VC funds (think Johann Rupert and Invenfin and, more recently, Michael Jordaan and
I have not dealt with one entrepreneur who has even considered this very important part of corporate governance. Further, once I have put these in place for my clients, it is surprising how many unconsidered risks emerge from going through the process and, ultimately, how much of a better feel my clients have for their business and their business model.
What is a risk assessment framework (RAF)?
This is a difficult question to provide “one” answer to, as there is no one-size-fits-all solution here. It all depends on a combination of the following circumstances:
- the experience and expertise of the entrepreneur (CEO) and the Chairman
- the stage of growth of the company
- the personal relationship between the entrepreneur and the Chairman
Good corporate governance insists on the separation of…
Maybe I should rephrase that – why do people not want to work in a corporate environment?
I think there are a number of broad reasons, some of which are historic and some of which are the sign of our times:
- they entered the family business or followed the family trade
- they couldn’t get employment in the formal sector, especially if they lacked the relevant level of formal education
- they are born…
I watched a very powerful video on TED this afternoon, which is of Ken Robinson making his case that our education system stifles creativity (see the link at the bottom of this article). I have 2 young boys and I found this profoundly moving, even deeply disturbing. His basic premise is that our education system focuses on the brain, and one side of the brain in particular, with its emphasis on…
I have stated in the past that I would use a cross section of social media tools to market my businesses. I am now 4 months into the process and some interesting trends are developing.
I must also admit that I have not concentrated on my social media efforts in the past month and a half, largely as a result of increased workflow (good thing!) and illness (pneumonia, bad thing!). However, I think…
Perception, or prejudice?
Stay with me on this one. Many years ago I took my corporate finance team to the world-renowned battlefield tour of Isandlwana and Rorkes Drift run by the late David Rattray. I had been to David’s Fugitives’ Drift Lodge before and had gone on the battlefield tour run by him, together with very senior clients of Nedbank.
For those who are not aware of what this…
What is the difference between a manager and a leader? If you Google that you’ll get some pretty good explanations. The reason I am musing on this is that I was thinking about one of the entrepreneurs I advise and how he inspires and leads his staff through a combination of sheer energy, enthusiasm and a strict approach to who he hires and how he insists on targets being met once people are hired.
It may sound easy, but structuring your Board meetings begins with a standard, formal Board pack, with a standard, formal agenda. Board meetings are a serious matter, and must be treated as such. They are not ad hocmeetings that rubber stamp the will of the CEO. They are a vital element in the corporate governance framework of a well-run company (see my previous article in this…