Connect with us

Business

Interim leaders steady the ship: adaptable business models with outcomes in mind

Interim leaders steady the ship: adaptable business models with outcomes in mind 1

By Matthew Emerson is the Founder and Managing Director of Blackmore Four

In times of significant and unplanned disruption, companies are required to adapt quickly and may need to call upon business expertise and experience that can be applied to the immediate circumstances without extensive onboarding or assimilation.  Through the last few months, interim leaders have been used for crisis management to steady the ship but, in fact, the role of an interim leader has become as complex as the environment they operate in.  Ship steadying is critical, but many are now expected to map out uncharted waters, find alternative destinations, navigate the journey and inspire the crew to move forward into unfamiliar territory.  In the context of our growing ‘gig economy’, this is also a tempting proposition for experienced leaders to take on the challenge as an interim leader to inject variety and challenge as a core component of their career.

Interim leaders in normal times

The wider movement towards interim leadership has evolved and progressive boards and business leaders alike see interim leaders as a unique opportunity to focus on targeted and timely change outcomes.  The nature of leadership is such that the type of leadership best suited to that transition may be entirely different to the leadership required for the more permanent business model.

In a world of constant change, the opportunity to bring in a new leadership style, with different perspectives on the market, product mix and organisational capability is a way of breathing energy into complex transformation that in ‘normal business’ seems to be caught up in a never ending set of operational priorities.  Working alongside a pre-existing executive team or as part of a planned leadership transition, this route can be used to get real focus on strategic change, accelerate operational improvements and develop a team capable and adaptable to meet future challenges.

Professional interim leaders bring with them fresh perspective and clear insight regarding the leadership and organisation of a business.  Applying this without being clouded by internal politics or positioning gives the organisation an unbiased view that may be otherwise hard to achieve.  Individuals with the self-awareness to be able to deploy their skills in a very deliberate way – in specific conditions – often serve to focus on the interests of the business, the outcomes required and have greater licence to make change happen.

Consultants also have this advantage but whereas a consultant usually operates from an outside-in perspective and retains a valuable independence from an organisation, interim leaders usually work inside-out, integrating into an organisation and leading change as a member of the team.

The idea of planning to have an interim business leader might initially sound like an alien concept to many but there is growing supply and demand for such roles and good arguments to suggest that there are many different phases of a business journey where this might be exactly the right approach for your business.

Outcome focused interim leaders

In normal times, what outcomes are interim leaders needed for?

  1. Crisis Management

Interim leaders are needed in times of crisis.  This may be a turnaround situation where a business is losing money, custom or unable to find a forward gear.  An interim leader’s fresh perspective, relevant experience and critical thinking can be applied to find specific solutions, if they exist.

  1. Operational Improvement

Outside of crisis, there may be a pressing need to tackle operational improvements that are otherwise neglected or forever moth balled.  A change in style or approach to tackling business operations may be needed to re-engage and re-energise colleagues around a set of priorities.

  1. Strategic Change

Penetrating a new market, launching a new product or developing new capabilities are prime examples of strategic change.  Core aspects of business that need revolutionary change are often overwhelming and require leadership capacity as well as the specific skills to match the change required, which may be missing from the existing leadership team.

  1. Investment Readiness

Regardless of size, if a business is preparing for new investment then crisis management, operational improvement and strategic change might all be necessary to ready a business for the next funding round.  Hiring an interim leader to focus solely on these objectives as part of investment readiness helps detach that perspective from day-to-day business management.

A brief history of interim leaders

The traditional perspective on interim-anything was that it was unplanned, as temporary as possible and in many cases would focus on addressing only the most critical aspects of a role previously and soon-to-be- fulfilled by a permanent member of the team.  Whilst in some parts of the economy people were tempted to make careers out of being interims, they were largely accepting of the tactical nature of their post and were more than committed to stand in and step back as necessary.

Interim leadership roles were therefore almost always looked upon as a back-up plan or a stop-gap, focused on issue resolution without over-committing.  In many cases the position was taken up by someone already in the team who was best placed to temporarily fill their former colleagues’ shoes.  This is often best exemplified when one member of an executive team stepped in for another pending the passing of their successors period of notice or non-compete.  This approach generates a wealth of continuity benefits and avoids having to spend the effort to find, recruit and onboard an interim leader from outside the organisation.

In all other cases, interim leaders might be used if the incumbent is temporarily unavailable or until the next permanent incumbent is available but, in a nutshell, interim leadership has traditionally been about business continuity and ensuring the fundamental obligations were met.  The impact for everyone else in the organisation was somewhere between breathing a sigh of relief – the business lives to fight another day – and frustration at apparent water treading.  It is the latter that generates a perception of interim leaders being ineffective.  The incumbent themselves may have all the attributes required for the role but if the overwhelming sense of the organisation is one of ‘pause pending permanent’ then it is likely that the authority of the post – formal or informal –  will be suspended.

Interim leaders in a new business model

Business leaders are expected to navigate significant levels of change – much of which is forced by external factors – and create a vision of the future into which the business can invest and thrive.  However, the crisis of the past few months has left many employees feeling fearful of losing their jobs and anxious of what the wider social consequences are of the pandemic.  It is not simply that people do not like change (although that is an easy summary of the situation), but that people have a natural fear-based reaction to change that is perceived as a threat.  When change is ambiguous,

Matthew Emerson

Matthew Emerson

threatening and likely to lead to loss of some kind (job, income, social status, as examples), people do not embrace it.  An interim leader who can couple a clear-minded, fresh-thinking approach to the challenges facing a business with an empathetic, emotionally intelligent manner brings a valuable balance to leading an organisation through change.

We have found ourselves in a situation where the focused change-maker of recent years has become an accepted part of transition and transformation. However, the target is now constantly moving, outcomes are even more unpredictable and for an interim leader to have their impact, they need to be able to develop organisational effectiveness to cope beyond their tenure.  We need interim leaders to be able to steady the ship whilst navigating choppy waters and finding a journey or destination that is most suited to the business as a whole … making a change in course without losing people overboard, plotting the way to sustaining performance through the organisational adaptiveness, agility and development.

Key attributes of an adaptable interim leader

Ship steadying, change-making interim leaders are likely to have these attributes:

  1. Learning Agility

Interim leaders are expected to have impact, quickly.  Whilst they bring significant experience and expertise with them, they must also be able to learn about the nuances of the business and organisation and demonstrate personal adaptability as a role model for others as the business changes.

  1. Resilience

The expectations on interim leaders are extreme and whilst all positions of senior leadership are said to be lonely, an interim leader starts without an established internal network and is often not readily accepted by peers or colleagues.  Despite this, an interim leader needs to retain optimism about their goals and demonstrate an energy and belief about how to achieve them, which at its core requires a high degree of personal resilience.

  1. Communication

The best interim leaders have a clear communication style that is natural for them, fitting with the context of the business and adapting to the needs of a wide range of audiences.  In a heavily virtual and increasingly flexible working world, the right amount of communication in a form that is easily received is critical to building trust, aligning effort and achieving outcomes.

  1. Integrity

It is a word that has become ubiquitous in professional and commercial settings but in the circumstances of interim leadership comes in a very specific flavour.  Interim leaders by necessity remain objective, identifying what’s right for the business and executing against that without consideration of self-interest, favour or bias to specific individuals or groups.  People concerned for the business need to have complete confidence that the interim leader is loyal to the purpose of their appointment and not subject to influence or persuasion for any other reason.

With or without crisis, an organisation’s ability to adapt is critical.  As businesses look ahead at the prospect of emerging from this recent crisis and thriving in a new operating environment, an interim leader with the above attributes may be exactly what they need to kick-start a recovery, transition to a new world or take advantage of new opportunities.

In summary

Interim leaders can bring much needed focus to a range of business challenges and ignite outcome-oriented progress through fresh thinking, a new approach and with a different set of skills.  Interim leaders need to combine outcome-orientation with interpersonal skills to develop an effective organisation that will create long-lasting change and can adapt to future challenges.  Interim leaders may now be a planned and expected feature of organisations that need to regularly, if not constantly, adapt rather than just be a reactive stop gap to unplanned emergencies.

Business

The UnRefundables: Shoppers left out of pocket post-pandemic

The UnRefundables: Shoppers left out of pocket post-pandemic 2
  • One in ten shoppers (11%) left out of pocket or without refunds since pandemic
  • One in three shoppers (36%) actively avoiding purchasing due to refund worries
  • Clothes, hotel bookings, flights and electronics top list of UnRefundable items

New consumer research[1] commissioned by Visa has revealed a sharp increase in people unable to access returns or refunds for items bought during lockdown, with one in ten (11%) of those who requested money back still waiting for, or denied access, to a refund or voucher – a 215% increase from pre-pandemic times[2].

These items, coined “UnRefundables”, have left millions of concerned shoppers out of pocket. Of those that were able to access refunds for their items, one in five (20%) only received partial refunds, through cash or vouchers.

The consumer survey of 2,000 UK respondents and conducted by Opinium, revealed returns and refund requests have increased by 16% since the start of the pandemic, as more than two fifths (41%) of shoppers tried to return and refund items, services or events. Almost half (49%) of people who experienced refund issues didn’t get to use their purchase – receiving faulty or incorrect goods, items not arriving, products not being as advertised, being charged multiple times or billed the incorrect amount, or a purchase that wasn’t authorized.

UnRefundable fear putting pause on consumer spending

The research revealed that frustrations regarding refunds could have knock-on effects for British businesses, with over a third (36%) saying they have avoided making big purchases due to fears their money would not be returned and a quarter (28%) are more worried about securing a refund since the pandemic started.

Despite now being able to travel abroad and within the UK, there is increased concern amongst consumers making travel related purchases. In fact, one in three (34%) respondents say they are worried about a travel booking being refunded due to a local lockdown or “second peak” of the virus.

This follows a big increase in people trying to get refunds on flights and hotel bookings, with a fifth (22%) saying they have had more difficulties trying to get money back on cancelled holidays and events.

Why can’t Brits access refunds?

Over two fifths (43%) have been deterred from requesting a refund for an item, service or event at all – citing confusion about the returns process (15%), lack of time for the process (10%), the return window (also 10%), as well as no access to a printer for return labels (8%) as key pain points. Worryingly, one in 10 (10%) were not able to contact the company to pursue a refund.

The refund wait time has also increased notably during lockdown, with 12% saying it took over a month to get their money back compared to 7% who got a refund beforehand. Older people (aged 55+) are experiencing the biggest wait for refunds, with 5% waiting over a month before the pandemic, compared to 17% who have experienced this wait time since.

Visa has teamed up with personal finance expert Jasmine Birtles to allay consumers’ fears of being left out-of-pocket over the summer.

Jasmine Birtles commented: “If you bought something online that’s not up to scratch or hasn’t turned up, but the seller won’t budge or they’ve gone out of business, it can be tempting to chalk it up to a poor purchase decision or simply bad luck. With money a particular worry for many households currently, it’s important to research your refund options – you don’t always have to accept rescheduled dates or vouchers for equal or lesser amounts that leave you out of pocket and inconvenienced.

“If, after speaking to the retailer, you are still unable to get a refund, there are alternatives available to claw back those costs. You should contact your bank that issued your Visa card and ask them to pursue a chargeback claim, where they may be able to submit a claim to the retailer’s bank to request your money back. You can pursue a chargeback claim if you received only a partial refund, goods that weren’t as described, or have been offered alternative refund methods, including vouchers, points and rebooking. Your bank has 120 days from when the payment was made to make a chargeback claim, which is great news for people who might have missed the returns window. However, it’s worth noting that banks’ timeframes may vary and it’s best to file a dispute as early as possible to allow plenty of time. For travel, concert tickets or future-dated items, this time limit begins on the day of the event or holiday booking – providing extra reassurance to those worried about making holiday purchases.”

Jeni Mundy, UK & Ireland Managing Director, Visa, commented: “With consumer spending crucial to Britain’s economic recovery, it’s concerning to see that people are worried about securing refunds should they need to, and that in some cases this is even preventing them from making purchases. It’s important that people understand the many options open to them to get their money back should something go wrong. A good place to start is to get familiar with a seller’s cancellation, refund and exchange policy before you buy – this can often be easily found on their website. Another good way to put yourself in the driving seat when it comes to getting your money back is to pay using a Visa debit or credit card – this opens you up to the option of making a chargeback claim or provides credit card protection to ensure you aren’t left out of pocket.”

Visa’s UnRefundables: Top items being returned

  1. Clothes, shoes and accessories (31%)
  2. Hotel bookings (21%)
  3. Flights (20%)
  4. Theatre tickets (14%)
  5. Electronics (14%)
  6. Food and drink (10%)
  7. Home appliances (10%)
  8. Concerts (9%)
  9. Furniture & home furnishings (9%)
  10. Sporting goods (8%)
Continue Reading

Business

New Moneypenny Survey Shows How Office Life has Transformed in Post-lockdown Return to Work 

New Moneypenny Survey Shows How Office Life has Transformed in Post-lockdown Return to Work  3

A new survey by leading outsourced communications provider, Moneypenny, into the return to work post-Covid lockdown, shows that almost half (45%) of office workers surveyed are returning to work immediately, with a further 31% due back in the next one to four months, however 48% admit to having some concerns about COVID risks and a further 15% are not at all comfortable about going back to the office.

For some workers the return to work has been further delayed, with 5% not required to return to work until January 2021 at the earliest, and 18% having no specific date to return.

The North East and East Midlands have the most workers already back at work among those surveyed (53% in both regions) compared to the East of England which has the lowest proportion (41%).

New Moneypenny Survey Shows How Office Life has Transformed in Post-lockdown Return to Work  4

Navigating the new commute 

A reluctance to use public transport is shown in the fact that only 16% of those surveyed will use it to commute, while 66% will use their car. The East Midlands had the highest percentage of workers choosing to drive to work, with 81% saying they’ll commute by car, compared to 53% of those in London. Manchester had the lowest percentage of workers stating they’d be using public transport, with only 7% claiming it to be their commuting method of choice, while London had the most (29%).

Local Office Economy

In a blow to those hoping returning workers will boost the local economy, the survey showed more than 35% said that they won’t be visiting any local amenities when they go back to work.  There is a clear difference between the age groups however, as 51% of those aged 18-24 and 41% of those age 25-34 said they’d visit a nearby sandwich bar, compared with 21% of 45-54 and 11% of 55-64s who would do this.

Wearing masks in the office

The survey showed that 61% said their company has made masks compulsory, of which 28% require them to be worn at all times, in all areas, while 33% require them to be worn only in communal areas. A further 26% said their company has made masks voluntary and they plan to wear one, while 13% said they are voluntary but they won’t wear one.

When asked whether they minded having to wear a mask at work, 37% said they had no problems with the new rule, however, a further 36% said they would find it too much to do a whole day of work wearing a mask and 13% said they don’t mind wearing a mask at work short-term, but would be less happy if the policy was for the long-term. A disgruntled 9% don’t like having to wear a mask at work at all, as they feel it inhibits their freedom and human rights and they don’t like being told what to wear. A further 2% said they’ll refuse to return to work so long as masks are compulsory.

New Moneypenny Survey Shows How Office Life has Transformed in Post-lockdown Return to Work  5

In larger cities, masks are more likely to be compulsory at work, with 40% of those in London stating that their companies have already made them compulsory for all areas of the office, compared to just 14% of those surveyed in Yorkshire.

Co-workers and social distancing

Social distancing at work is clearly a concern, as 16% of those surveyed said that they don’t trust their colleagues to social distance in the office, while 37% trust some, but not all colleagues.  Scotland’s workers seem to be the least trusting, with 23% of workers stating they distrust team members.

Death of the tea round?

Some offices have banned the sharing of equipment completely (cited by 31% of those surveyed) while even without a ban, a further 35% said they won’t be sharing stationery and equipment with colleagues.

Even the tea rounds have been called into question. While 47% said they will make teas and coffees for their colleagues, 38% will only make tea for themselves and 14% said their companies have banned tea rounds.

Office workers in the East of England are most likely to only make drinks for themselves (51%), in contrast with London, where 25% will make drinks for themselves.

New Moneypenny Survey Shows How Office Life has Transformed in Post-lockdown Return to Work  6

 Commenting on the survey, Joanna Swash, CEO of Moneypenny said: ‘We were interested to see how many office workers are either already back at work or will be going back in the next few months.  While there is inevitably nervousness about Covid risks, it is positive to see the large proportion of people who are happy to work with their company in following the new health and safety rules and we’ve certainly been impressed by how innovative and agile our own clients have been in adapting to the new normal at work.’

Continue Reading

Business

Honest services wire fraud and the need for caution on multilateral development bank projects

Honest services wire fraud and the need for caution on multilateral development bank projects 7

By Joshua Ray, Legal Director, Rahman Ravelli www.rahmanravelli.co.uk

A recent court case extended US prosecutors’ extraterritorial reach for tackling corruption. Joshua Ray explains the implications for those accused of wrongdoing on multilateral development bank (MDB) projects

Imagine the following scenario: You are an executive for a Paraguayan construction firm that has just secured a contract with the Paraguayan government to build a hospital in that country.  The scale of the project means you will need to hire a number of subcontractors and, as you are in charge of choosing those subcontractors, you decide to seek bribes from those wanting the work. Such action is ill-advised and morally problematic. But as commercial bribery of this sort is not illegal in Paraguay, you may have breached your company’s code of conduct but you have not committed a crime under Paraguayan law.

Yet, unfortunately for you, the funds for the hospital were loaned to the Paraguayan government by the World Bank via a wire transfer from its Washington DC headquarters.  And under a recent decision from the US Second Circuit Court of Appeals, United States v. Napout, you may have just committed “honest services” wire fraud under US law—even though you never stepped foot out of Paraguay and did not break your home country’s laws. The Napout decision is important as it expands the extraterritorial reach of US prosecutors’ anti-corruption efforts.  For the reasons that I detail below, it has significant implications for foreign businesses, especially those engaged in projects sponsored by multilateral development banks (MDBs), whose financing comes from the US.

As they did after the 2008-2009 financial crisis, the World Bank and other MDBs are counteracting the current virus-induced global economic downturn with plans to deploy hundreds of billions of dollars in loans, primarily to governments in the developing world.  Much of this will be parcelled out to private sector entities to construct hospitals, testing facilities, sanitation systems and other important infrastructure. Such projects carry the risk of corrupt local officials and business leaders siphoning off such funds for themselves. MDBs are mandated by their charters to take all reasonable steps to combat fraud and corruption on MDB-financed projects.  They do not have law enforcement powers but they satisfy their mandate by building provisions into their contracts with direct borrowers (e.g. governments) that compel the borrowers to adhere to the highest ethical standards during the execution of MDB-financed projects.  MDB contracts require borrowers to give the banks freedom to audit any of their books and records that relate to MDB funds.

This right of an MDB being able to audit the books extends to any indirect beneficiaries of MDB funds for a project, such as suppliers, consultants and contractors. Such third parties must also agree to submit to the MDB’s jurisdiction to investigate and sanction them for corruption, fraud or other misconduct. Punishments imposed by MDBs can be harsh, and can include debarment; where a company is prevented from bidding on MDB-financed projects for a number of years or even indefinitely.  When an MDB uncovers misconduct through its own investigations it can – and often will – refer its findings to national law enforcement agencies; which can mean even more serious problems for those investigated.

The significance of the Napout decision regarding such situations is that it enables US prosecutors to pursue MDB-related bribery even when the purported wrongdoer is not subject to the US Foreign Corrupt Practices Act. Prosecutors can now pursue suspects for such bribery even if that suspect is not a US company, issuer or agent and has no other connection to the US.

The Second Circuit’s Decision

The appellants in Napout, Juan Angel Napout and Jose Maria Marin, were two former executives at football’s world governing body, FIFA. They had been convicted of using their positions to obtain millions of dollars in bribes relating to the sale of marketing and broadcasting rights. Napout had been president of Paraguay’s national football federation and Marin held the same post in the Brazilian football federation.

They both appealed on the basis that their convictions were the result of impermissible extraterritorial applications of the US honest services fraud wire statute.  The crux of their argument was summed up by Napout’s counsel, who argued that the US had no authority to police the relationship between a Paraguayan employee and his Paraguayan employer and an alleged scheme involving South Americans that took place almost entirely in South America.

The issue of whether the honest services fraud wire statute had been improperly extended to extraterritorial conduct was then reviewed by the Second Circuit. It concluded that as long as a wire fraud scheme involves a wire transmission from, into or through the US that is “essential” or more than “merely incidental” to the overall crime, the extraterritorial application of US law was permissible.

The appellants argued that honest services wire fraud was a materially different crime than regular wire fraud, as the focus of honest services wire fraud was not the use of the wires but the bad-faith breach of a fiduciary duty owed to the scheme’s victim. They argued that as the actual conduct underlying an honest services fraud scheme occurred abroad, it could not be prosecuted in the US solely because it used US wires.  But the Second Circuit disagreed: all that was required to uphold Napout’s and Marin’s convictions were facts showing that the use of US wires in their case (transfers of bribes in and out of US banks) was “essential” to their scheme. On that issue, the Court easily determined that the wires were essential: at least $2.4M of Marin’s payments were sent to his New York bank account and $2.5M of Napout’s were paid in US dollars generated by wire transfers originating in the US.

Implications for Participants in MDB-Financed Projects

The decision in Napout is relevant to MDB-financed projects as it clarifies the breadth of the honest services wire fraud statute and shows the ease with which US prosecutors can use it to target conduct that occurs almost entirely abroad.

The “honest services” variant of wire fraud is somewhat unique to US law and it is not universally recognised: a main piece of Napout’s defence, for instance, was that honest services bribery in a commercial context was not illegal where his conduct took place.  But in the Second Circuit’s view, this fact was largely irrelevant.  The Court ruled that the men had violated the statute by knowingly violating their duties to FIFA under the organisation’s code of ethics.

So, what does this mean in practice?  The Napout decision confirms that the reach of US anti-corruption efforts extends far beyond the bounds of the FCPA; which applies only to bribes paid to “foreign officials” by US issuers, domestic concerns or their agents.  Using an approach based on honest services fraud, all that US prosecutors need in order to have jurisdiction is for an “essential” US wire to be used in the scheme.  As several of the main MDBs are based in the US – including the World Bank and Inter-American Development Bank – a fraud or corruption scheme involving MDB money could easily make “essential” use of a US wire transmission; thus rendering the offenders subject to possible US prosecution.

This is an important point for companies and individuals participating in MDB-financed projects to keep in mind: even if commercial bribery is legal (or at least widely accepted) in the country where the project takes place, if the ultimate funding is flowing from the US then extreme caution must be taken to ensure that US wire fraud statutes are not violated.  This is particularly critical for projects taking place in developing countries where accepted business practices have not yet caught up with norms elsewhere.

Continue Reading

Call For Entries

Global Banking and Finance Review Awards Nominations 2020
2020 Global Banking & Finance Awards now open. Click Here

Latest Articles

The UnRefundables: Shoppers left out of pocket post-pandemic 8 The UnRefundables: Shoppers left out of pocket post-pandemic 9
Business5 hours ago

The UnRefundables: Shoppers left out of pocket post-pandemic

One in ten shoppers (11%) left out of pocket or without refunds since pandemic One in three shoppers (36%) actively...

How new trends are creating the perfect recipe for rapid digital transformation throughout the world's oldest institutions 10 How new trends are creating the perfect recipe for rapid digital transformation throughout the world's oldest institutions 11
Banking11 hours ago

How new trends are creating the perfect recipe for rapid digital transformation throughout the world’s oldest institutions

By Wayne Johnson, CEO, Encompass Digital banking has drastically changed the landscape of financial transactions over the last few years....

Standard Chartered Bank partners with Microsoft to become a cloud-first bank 12 Standard Chartered Bank partners with Microsoft to become a cloud-first bank 13
Banking16 hours ago

Standard Chartered Bank partners with Microsoft to become a cloud-first bank

Standard Chartered Bank and Microsoft Corp. on Tuesday announced a three-year strategic partnership to accelerate the bank’s digital transformation through a cloud-first strategy....

Younger generations drive UK alternative payment method adoption for online transactions 15 Younger generations drive UK alternative payment method adoption for online transactions 16
Finance17 hours ago

Younger generations drive UK alternative payment method adoption for online transactions

42% of Millennials and 35% of Generation Z feel confident using alternative payment methods, or have used them previously 81%...

New Moneypenny Survey Shows How Office Life has Transformed in Post-lockdown Return to Work  17 New Moneypenny Survey Shows How Office Life has Transformed in Post-lockdown Return to Work  18
Business18 hours ago

New Moneypenny Survey Shows How Office Life has Transformed in Post-lockdown Return to Work 

A new survey by leading outsourced communications provider, Moneypenny, into the return to work post-Covid lockdown, shows that almost half...

What does the future hold for accessing earnings? Introducing the world’s first Earnings on Demand payment and debit card 22 What does the future hold for accessing earnings? Introducing the world’s first Earnings on Demand payment and debit card 23
Banking2 days ago

What does the future hold for accessing earnings? Introducing the world’s first Earnings on Demand payment and debit card

By James Herbert, CEO & founder, Hastee Let’s begin by looking at how our brains are wired. Think about the hunter-gatherer mindset: when...

Board-Level Risk Oversight Deserves Renewed Attention Board-Level Risk Oversight Deserves Renewed Attention
Investing2 days ago

Risk Mitigation & The US Election

We need to talk about the election. For the past four months, news cycles have been dominated by the COVID-19...

Honest services wire fraud and the need for caution on multilateral development bank projects 24 Honest services wire fraud and the need for caution on multilateral development bank projects 25
Business2 days ago

Honest services wire fraud and the need for caution on multilateral development bank projects

By Joshua Ray, Legal Director, Rahman Ravelli www.rahmanravelli.co.uk A recent court case extended US prosecutors’ extraterritorial reach for tackling corruption....

Teaching children about wealth management and why there has never been a better time 26 Teaching children about wealth management and why there has never been a better time 27
Finance2 days ago

Teaching children about wealth management and why there has never been a better time

By Annabel Bosman is Managing Director and Head of Relationship Management at RBC Wealth Management As we approach the end...

Do your contracts and policies stand up to the Covid-19 test? A view from the UK 28 Do your contracts and policies stand up to the Covid-19 test? A view from the UK 29
Business2 days ago

Do your contracts and policies stand up to the Covid-19 test? A view from the UK

By Amy Cooper of Ius Laboris UK firm Lewis Silkin The coronavirus pandemic and lockdown have stress-tested employment contracts and policies,...