My advice would be this – I have learnt a simple rule. Segment the roles in your mind.
Critically think which functions and decisions all in which role. In other words, is it an operational issue ? Then it is a decision for a director forum. If it is an investment question – then it is about shareholding and falls there.
Now, let’s talk about loyalties…
Well, the only loyalty a director should have is to the company. Directors must act in the best interests of a company. Where directors fail to do so, they could be held liable. Shareholders carry liability in extreme situations only but owe a duty of good faith to each other.
Without segmenting properly, your relationships and business can ultimately fail. Best to ensure that you clarify expectations and segment as set out above!
These last few weeks have been extremely tough. We are back in a covid lockdown scenario, and South Africa's privacy and data protection laws just came into effect. But more than that, every day, I seem to see the impact of gender bias or gender role bias. It is...
I have recently found myself in a situation where I had to remember things from long ago. Is it not funny how we forget the things that shaped us? Or at least the details surrounding it? If you are a mother, for example, I am sure you can relate… Exactly how...