Why Consultants Quit Their Jobs to Go Independent
By Harvard Business Review
The talent game for big employers is changing. In the past, organizations, and particularly professional service firms, could point to the door and remind any grumbling employees that it was cold out there. Today that threat might not have the same impact, as many high flyers themselves are choosing to walk out. While firms have traditionally competed with each other for talent, now they are competing with another alternative: going independent.
Read more: https://hbr.org/2019/07/why-consultants-quit-their-jobs-to-go-independen...
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Corporate Governance in Lebanon & The Region at a Glance
By Near East Consulting Group
Near East Consulting Group (NECG) has 35 years of experience in helping local and regional companies establish or improve their corporate governance systems.
In the aim of understanding better the current situation of corporate governance in Lebanese and regional companies, we launched a mini survey last year that was sent to 120 high level executives and top managers in Lebanon and the MENA region. You can find below a brief of the outcome of the survey:
1) Profile of Respondents & their Companies
63% of respondents are mostly either Owners or Top Executives and Directors
88% of the companies are located in the Middle East
66% of the companies have more than 100 employees
51% of those companies are family owned and 33% are a Partnerships with several major owners
2) Current Governance Situation within these companies
67% of the companies have a Board of Directors or an Executive Committee
6 is on average, the number of members in the Boards / Executive Committees with 2, on average, Independent Directors sitting on their Boards / Executive committees
In the family owned businesses, on average, 2 family members sit on Boards / Executive Committees
87% of the respondents find that their Board / Committee is useful
3) Improving Corporate Governance
55% of respondents believe that Governance is very important / necessary to their companies
60% of respondents state that their companies are working on improving their Corporate Governance systems. Of those, 52% are asking for External Consultants’ advice to do so
Their efforts to improve their corporate governance are mostly directed towards:
- Improving their existing Board/Committees through establishing policies and procedures (70% of respondents)
- Or Creating an Executive Committee (33% of respondents)
- Or Creating a Board of Directors (25% of respondents)
To know more about the results of the survey, send an email to Nathalie.dib@necg.com.lb
To know about NECG Corporate Governance Consulting Services, click here
How AI Is Changing Contracts
By Harvard Business Review
Contracting is a common activity, but it is one that few companies do efficiently or effectively. In fact, it has been estimated that inefficient contracting causes firms to lose between 5% to 40% of value on a given deal, depending on circumstances. But recent technological developments like artificial intelligence (AI) are now helping companies overcome many of the challenges to contracting.
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The World’s Most Talent Competitive Countries, 2018
By Insead Knowledge
Diversity is the linchpin of innovative and competitive working environments.
NECG Services
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Driving business growth by zeroing in on the consumer decision journey
By McKinsey&Co
A big part of driving marketing-led growth is getting into, and remaining part of, consumers’ initial consideration set of brands to shop. Companies can give themselves a leg up by making that a priority.
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Fulfilling the Promise of AI Requires Rethinking the Nature of Work Itself
By Harvard Business Review
E`verywhere today the news confronts us with deeply held fears of AI and automation. Coverage often focuses on the job loss and social unrest that are viewed as likely to follow.
NECG Services
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