4 behaviours that help leaders manage a crisis

Share to Twitter Share to Linkedin Clint Coghill co-founded Backstop Solutions Group in 2003 and now leads the Backstop Executive Team as CEO. Last year, a research study from the Association of Asian American Investment Managers (AAAIM) and co-sponsored by my company, was released. In the survey of over 100 Asian American and Pacific Islander (AAPI) investment professionals, many shared disturbing experiences of bias and racism in the workplace. Their stories, plus the dismal statistics of AAPIs reaching leadership roles in financial services, pointed to the existence of a "bamboo ceiling." This was a term I had never heard before. What, exactly, is a bamboo ceiling? Simply put, a bamboo ceiling refers to the obstacles placed in front of AAPIs in the workplace. This bias and discrimination typically affect the performance, evaluation and career advancement of these individuals and is sufficiently widespread that it was given a memorable name. … [Read more...] about What Investment Management Leaders Can Do About Asian Americans Facing Discrimination

Share to Twitter Share to Linkedin In a competitive labor market, retirement benefits are a substantial perk to offer your employees. Potential and existing talent may view the presence or absence of a 401(k) option as a key factor when deciding whether or not to join or stay with your company. Providing retirement benefits also shows employees you care about them and their future endeavors. If you’ve never offered retirement benefits to your employees, you may be wondering where to begin the process and what the best practices are. Below, 14 members of Forbes Finance Council share the advice they’d give a business client contemplating offering a 401(k) option to their employees for the first time. 1. Ask Yourself Why It’s An Essential Benefit Ask yourself about the “why”—what are you looking to accomplish? Improved retention and recruitment is a great answer if your industry demands or expects the benefit. Maximize the benefit for the company and … [Read more...] about Starting A New 401(k) Program? 14 Helpful Tips From Finance Experts

Representative Image | Wheat sacks are loaded onto a truck at the grain market in Punjab. The Commerce Department had fought the plan to ban the export of wheat even as the Agriculture Ministry sounded the alarm on the fast-reducing estimates of wheat production due to the heatwave, officials told Moneycontrol . They added that the Ministry of External Affairs (MEA) had supported keeping exports under bilateral arrangements since the Prime Minister and External Affairs Minister have till now been requested by leaders from many countries to help ensure their food security in the face of a global shortage of wheat. On May 13, India banned wheat exports with immediate effect as the world's second-largest wheat producer attempted to stabilise rising domestic prices. The government also struggled with the public procurement process, which received a low response from farmers who continued to sell at much higher prices to traders. The ban came in the backdrop of official … [Read more...] about Exclusive | Commerce Department pushed to keep wheat exports open but agri ministry wanted ban

US Vice President Kamala Harris speaks during an event with Asean leaders at the US-Asean Special Summit in Washington DC on Friday. REUTERS From now on, Asean-US relations will no longer be on "auto-pilot" mode as has been the case for the past six years. The total scheduled 10-and-a-half hours of quality time last week that Asean leaders spent in Washington DC chatting, lunching and dining with all key players in American politics were fruitful. The eight-page joint vision statement was a testimony to their common determination and the staying power of Asean-US relations, now celebrating 45 years. Indeed, Asean centrality has been further strengthened. More importantly, President Joe Biden is now in charge of one of the most important bilateral relationships for the region. It is not an overstatement to say that it is up to Mr Biden how he wants to shape the trajectory of Asean-US ties. He told Asean leaders at the end of their meeting that "a great deal of the history of our … [Read more...] about Thumb ups for ‘new era’ Asean-US ties

After 13 grueling years of political debate, Congress passed a bill that enabled some of the largest infrastructure spending in U.S. history—an almost 20% increase over the annual federal public works budget. advertisement The spending created clean energy, jobs, addressed environmental issues (while creating others), and ultimately, while backstopped by Congress, paid for itself. If this sounds too good to be true—it isn’t—because this happened in 1928. The spending was for the Hoover Dam. And while there were other projects part of the “infrastructure stimulus” of that era, this iconic project is a great representation of the good and bad of a meaningful infrastructure spend. Over the past 10 years, infrastructure has become an outsized and unrequited topic—it has featured prominently in presidential campaigns, has been the subject of many (mostly unpassed) bills and hundreds of conferences, and marketed in at least a dozen “Infrastructure Weeks.” Will it be said … [Read more...] about Infrastructure 2021: Delivering more sustainable and equitable infrastructure

Share to Twitter Share to Linkedin Luz leads Accion Opportunity Fund , the nation’s leading nonprofit providing small businesses with access to capital, networks and coaching. After a decades-long decline in American entrepreneurship, small business creation is on the rise in the U.S. The vast majority of these businesses are sole proprietorships and microbusinesses—the smallest of the small—which offer immense opportunities for women and entrepreneurs of color to build wealth on their own terms. Microbusinesses with fewer than five employees, including the owner, account, based on one estimate, for 92% of all businesses in the U.S. When it comes to Black- and Latino-owned businesses , over 90% do not have other employees aside from the owner. But make no mistake: These small businesses punch above their weight, impacting both households and our economy in an outsized way. While the last two years have wreaked havoc on existing small … [Read more...] about When It Comes To Business, Small Is Beautiful

Share to Twitter Share to Linkedin Recently, the entertainment world has been taken by storm as Johnny Depp countered his ex-wife Amber Heard with a defamation suit, demanding $50 million in damages. The Pirates of the Caribbean star is easily one of the most recognizable faces in Hollywood and one of the most sought-after actors for many decades, that until his very public divorce from Heard, and her subsequent allegations of sexual assault that subsequently ground him to a halt. Since the divorce in 2016 till date, Depp hasn't been flying as high as he used to in Hollywood, and he has lost a fortune in potential earnings, at least that is what he alleges. However, since he launched his recent defamation suit, things seem to be turning around somewhat surprisingly, with the social media hashtag #Johnnydeppisinnocent receiving over 1.4 billion views. So what has changed? Besides the uncommon media attention that this trial has garnered, Johnny Depp … [Read more...] about Optics And Facts; What The Johnny Depp And Amber Heard Trial Teaches Us About The Power Of PR

Share to Twitter Share to Linkedin Whether you’re a manager at a company with 3,000 employees or three, something that leaders across industries have learned in the past two years is that giving employees more flexibility is key to retention and recruiting of new hires. The pandemic forced the majority (~70%) of the US workforce to adapt in a plethora of different ways to keep everyone healthy while still continuing to work efficiently. Companies that previously had 0% of their employees working remotely had to figure out how to seamlessly transfer all operations to a 100% digital environment. While obviously a ton of bad things came from the pandemic, that’s not to say there weren’t learnings and lessons discovered across the board. The reality is that more talent in every part of the country, and the world, now has access to greater opportunities because of the increased normalization of remote work. Gone are the days where you have to live in San Francisco … [Read more...] about 30 Executives’ Perspectives On Remote, Hybrid, And In-Office Work

Somkid: Leadermust plan ahead A leader must have a clear vision to bring Thailand out of its economic crisis, said former deputy prime minister Somkid Jatusripitak at a public lecture on Sunday, his first since his exit from the Prayut administration in July 2020. The lecture was delivered at the Leadership for Change seminar on Sunday, a few weeks after the newly established Sang Anakhot Thai Party announced Mr Somkid had accepted an invitation to serve as the party's prime ministerial candidate. The former deputy premier discussed six issues and urged people to reflect on them while stressing throughout the lecture that he was not pointing a finger at anyone. Mr Somkid said the global community is faced with more risks and uncertainties, which will only become harder to predict. He noted the Covid-19 pandemic, which has caused widespread adverse impacts on the economy and people's livelihoods, is still not over. He said when a country makes the decision to live with the … [Read more...] about Economy needs clear pathway: Somkid

North Korea has deployed its military to help fight a growing outbreak of the coronavirus SEOUL - North Korean military medics ramped up the distribution of medicines to fight a growing coronavirus outbreak, state media said on Tuesday, with the number of reported cases of "fever" nearing 1.5 million. Leader Kim Jong Un has ordered nationwide lockdowns to try and slow the spread of the disease through the unvaccinated population, and deployed the military after what he has called a botched response to the outbreak. Hundreds of personnel in camouflage uniforms from the Korean People's Army medical units were seen rallying in the capital Pyongyang in photos released by the official Korean Central News Agency (KCNA). The military "urgently deployed its powerful forces to all pharmacies in Pyongyang City and began to supply medicines under the 24-hour service system", KCNA said. One KCNA photo showed soldiers walking next to a long line of green trucks. Kim had strongly … [Read more...] about North Korean military ramps up Covid response as outbreak grows