There is more than ample evidence that boards of directors in Malta are steadily, although quietly, changing. A number of factors have contributed to this.
In today’s job market organisations are facing the reality of an increasingly mobile workforce. The promise of a stable income is no longer attractive enough to keep employees from moving from one employer to the next.
For a time, a number of former senior bank executives and semi-retired accountancy firm partners were being regularly contacted to sit on boards of newly registered companies with foreign shareholders.
A common problem that managers face is employees dressing inappropriately for the workplace. It may mean an awkward and sensitive confrontation with the employee with the concern of easily offending them.
Board directors expect to receive what they consider a standard board agenda. It includes management accounts, (perhaps) a sales and operations report, (hopefully) budgets, a request for approval of a capital expenditure project, besides the even more standard corporate governance items of approval of half yearly or end of year financial statements, auditors’ reports etc.
