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COMMUNITY UPDATE

Criticaleye's Community Updates are read each week by Members, registered users, and subscribers globally. Click on any of the topics below to see the corresponding newsletter. If you would like to comment further on any of these topics, write to us via info@criticaleye.com.




Operational Involvement of Non-executives - 28 July 2010

The board is rarely questioned when organisations are running smoothly. However, when operations go wrong, like BP, the board is held accountable and questioned about their knowledge of the missteps and their reasons for not getting involved earlier. In a July 9th opinion piece featured in the Daily Telegraph, Lord Norman Tebbit questioned the role that BP non-executive directors played in the crisis. “They should have been alert to the dangers of a lack of operational experience not only of their executive colleagues, but further down the line, among those immediately assessing the quality of sub-contractors’ operations,” writes Lord Tebbit. (read more)

The Sustainability Revolution - 21 July 2010

According to Richard Gillies, Director of Plan A & Sustainable Business at Marks & Spencer, the world is now on the cusp of another revolution – the sustainability revolution. “There have been three major reorganisations of society – the agricultural revolution (18th century), the industrial revolution (19th century), and the IT and digital revolution (20th century). Each of them fundamentally changed the way human society operated,” he said. “We are about, because of population and resource constraints, to go through the next one which is the ‘sustainability revolution’. This revolution will change the paradigm in which we operate. It will change our world, because we currently live in a very wasteful society.” (read more)

Role of AIM-Listed Chairman - 14 July 2010

Although the Alternative Investment Market (AIM) is a public one, its relatively relaxed regulations and its application of the ‘comply-or-explain’ rule mean that the role of the board can be very different to that of companies on, for example, the main list. (read more)

The Budget – A Glass Half-Empty or Half-Full? - 7 July 2010

It was thought to be a ‘blood bath’ budget, and for some, the Chancellor of the Exchequer did not disappoint. Rises in taxes and cuts in public services were the main features of what was the most important budget in decades. On 22nd June the new Chancellor, George Osborne, unveiled an emergency budget amid a fragile economy, rising unemployment and the Greek debt crisis, which was, and still is, shaking the foundations of European economies. (read more)