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Financial Snapshot: the Balance Sheet
Spring has sprung, the grass is green, the books are closed, and the balance sheet looks clean. Over the course of the last few months, I have had the privilege of presenting a number of sessions focused on how to read and understand financial statements. The sessions were well attended, and the depth-of- discussion questions […]
Cybersecurity & Employee Benefit-Plan Fiduciary Duties: Going Beyond HIPAA
It seems as though we hear about new cybersecurity issues every day — from traditional hacking incidents to the increasingly sophisticated phishing, malicious apps and websites, social engineering, and ransomware attacks. Employee-benefit plan sponsors likely have a fiduciary duty to ensure participant information and plan assets are protected from the growing number of cyber threats
In today’s world of innovative technology, and the use of different types of communication, I for one, still value and prefer the good old-fashioned method of talking to people face-to-face. While I understand and appreciate the speed and efficiency of using email, texting, Twitter, and Facebook, I still prefer speaking to people directly. You get
It took a long time, but it had to happen. and it did. Finally, there are schools, summer camps, and weekend experiences where kids learn how to tinker. This is far from what some call “futzing around” and others label wasting time. It’s serious business. Tinkering was once a valued profession. Adept at analyzing and
Succession Planning — Just Do It, But Do It Right
An organization’s ability to learn, and translate that learning into action rapidly, is the ultimate competitive advantage. — Jack Welch One of the Top 10 governance responsibilities for a nonprofit board is the identification and selection of the CEO who leads the organization. In addition to selecting the CEO, the board also is responsible for
A Living Will is Not a Will — But No Less Important
Lawyers are occasionally guilty of speaking legal jargon that a non-lawyer has no idea what the lawyer is talking about. For example, an estate-planning lawyer (or perhaps an estate-planning website you found) may suggest that you execute a living will in addition to a will, health-care proxy, and power of attorney. Like the article title
New York’s DSRIP implementation continues
“Beware of little expenses; a small leak can sink a great ship.” — Benjamin Franklin The “Big Squeeze” continues in New York state, affecting each
Survey says: Diversity IS Good for Business
As business professionals, we recognize “knowing your customer” as a best practice in entrepreneurship for target marketing. According to Entrepreneur Magazine’s Small Business Encyclopedia, “the consumer marketplace has become so differentiated; it’s a misconception to talk about the marketplace in any kind of general way anymore.” With this recognition then, there is a naturally following need
What’s the Secret Sauce to Effective Performance Management?
At the start of February, we heard news about a former manager at Yahoo challenging in federal court the company’s quarterly performance review (QPR). This came just after IBM announced it would replace the annual performance review it has used for 10 years with a new system called “Checkpoint.” Meanwhile GE, Adobe, Microsoft, and many
We hear most every day about one type of security or privacy breach or another. It seems that many Americans have become a bit numb to the topic. Perhaps this is a product of the numerous detailed and required communications that are provided when a breach occurs, a lack of understanding, or the classic perception
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