Introducing Director ID: Ensuring Transparency and Accountability in Australian Business
The Director Identification Number (Director ID) initiative by the Australian Securities and Investments Commission (ASIC) is a key component of the Modernising Business Registers Program, aiming to curb fraudulent activities and ensure transparency in directorship. This unique identifier, mandatory for current and prospective company directors, is obtainable through the Australian Business Registry Services (ABRS) and is designed to remain with an individual permanently, regardless of changes in their directorial status or personal details.
5 Challenges Facing Business in 2022
Facing ‘The Great Resignation,’ businesses, including SBAAS, encounter a significant challenge as over 40% of Australians are actively job searching, with many resigning without another position lined up. The underlying issue is culture, with employees seeking alignment with a company’s purpose, values, and environmental and social strategies. They desire trust, respect, appreciation, a sense of belonging, opportunities for growth, and clear success metrics. Leadership and organizational culture play a pivotal role, highlighting the importance of personal relationships and value alignment within the workplace. Even a single misaligned individual can impact team dynamics and lead to broader employee turnover, underscoring the need for cohesive and supportive leadership.
The Power of Listening: Transforming Business and Relationships
Listening, a critical skill often overlooked, is vital in business, leadership, sales, and counseling. It builds trust, fosters innovation, and ensures customer and employee satisfaction. Real listening involves understanding the subtleties of communication and responding appropriately. In business, it means engaging with clients, employees, and stakeholders to truly understand their needs and perspectives, leading to better decision-making and more effective solutions.