Thursday, April 24, 2008

Directors' fees still low

According to the finding of a survey by PricewaterhouseCooper Malaysia, the median remuneration level for company directors is still low and may not be adequate to compensate quality directors - [StarBiz 24-04-08]
The Board Remuneration & Practices 2007 survey found that although board fees were on a continuing upswing - rising 30% in three years - the remuneration (paid solely for board responsibilities) level at the median of RM33,000 was still low. Higher board remuneration meant a higher performance would be expected from directors. Directors are expected to have :- independence of mind & integrity ; real recognition of responsiblities and diligence in performance ; real & relevant skills ; able to use the right tool for the right task ; emotional quotient (ability to work collaboratively with other management) and of courage (ability to confront when necessary).
I strongly agreed that we should adequately compensate good & qualified directors. Those that performed well should be rewarded and vice versa. If a particular company recorded a good results, the directors should be rewarded with good bonuses and profit sharing while those that reported a bad results, the directors should be held responsible ; i.e. they should forfeit their director fees and if there is any breach of trust against the company they should be dealt with according to the country law ; preferably by imprisonment and cane wiping.

Saturday, April 12, 2008

Managing Daily Conflict

Well everyone faces conflicts - at home ; at work ; in the society & everywhere.
After attending 2 hours of seminar sessions - conflict seems to be here to stay. We are not able to make it go away BUT we can try going around it. We can not avoid it BUT can learn to face it and deal with it.
One important RULE I learn is, we must LISTEN -
LISTEN because God gave us two ears but only one mouth.
LISTEN because we need two eyes to be attentive and a heart to be sincere. We also need to be humble by bring ourselves down to the 'ground'.

Thursday, April 10, 2008

A new beginning

Yes, I am now a blogger after a Japanese supper @ Yatai Mura.
Not before a little help from my dear daughter & her friend, Patsy.