Showing posts with label IT IS GOOD. Show all posts
Showing posts with label IT IS GOOD. Show all posts

Friday, January 8, 2016

Managing success with grace

By Donu Kogbara
Last year, I was approached by a young man who was looking for a job. When I checked out his CV and references and heard his intelligent answers to the difficult questions I asked him, I concluded that he had a good character and sophisticated brain…and would be very useful to anyone who hired him.
So I contacted a VIP friend – who was always telling anyone who would listen that he didn’t have enough competent staff – and told him that I’d come across a young man who was definitely talented. Strangely, given his constant complaints about the “inadequate” human resources he had at his disposal, my friend reacted very unenthusiastically. But I managed to persuade him to meet the young man.
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When the youngster went to the VIP’s Abuja office on the agreed date, he waited all day but didn’t see the Oga, even though he was in. The secretary told him to return the next day. But the same thing happened the next day. And the day after.
When the youngster told me that he wasn’t making any progress, I advised him to be patient. So he kept going back to that office, again and again, for 2 weeks.
At this stage, I called the VIP, to beg him to see the youngster. But he did not take my call, so I sent him an email and text. He did not respond to my text or email, so I told the youngster to forget about the VIP, reimbursed the money he’d spent on transport and apologized for wasting his time and raising his hopes.
Shortly afterwards, I bumped into the VIP at a function and asked him why he had treated the youngster – and me – so shabbily. He shrugged unrepentantly and coldly informed me that he had been busy. I shook my head in disgust and walked away.
This incident didn’t particularly surprise me because it is normal for Nigerian VIPs to misbehave and lavish arrogance and unkindness on those who approach them!…even when they owe favours to those who have approached them.
Yesterday, a businessman I know sadly told me that a Governor he had helped was totally ignoring him. They had been classmates at school and the businessman had donated N5 million to the Governor’s election campaign fund at a time when the Governor had been a mere gubernatorial aspirant who was very short of cash.
I hear depressing stories like this almost every week from various people and have had several bad experiences with Nigerian VIPs myself. And all I could do was wearily console the distraught businessman and tell him that philosophically accepting this betrayal and moving onto pastures new was the best way forward.
But I do wonder why so many Naija VIPs are unpleasant. Most of them are OK when they are doing ordinary jobs, then suddenly change when they achieve success.
I have VIP friends from other countries. Some have become senior officials of their home governments or international organisations like the United Nations and European Union. Others have risen to the top of the private sector and are now running banks, oil companies, etcetera. And NOT ONE of them has changed.
The British historian, Lord Acton, pointed out, as long ago as 1887, that “power corrupts…” So this thing about people changing for the worse when they become powerful is nothing new and isn’t country-specific either and must be universal.
But some nationalities are more prone to the power/corruption syndrome; and ALL of the foreign VIPs I have known for years are the same now as they were when they were less successful. And, to be fair, some Nigerians also don’t change when they do well and continue to be nice to their friends and the world at large.
But the majority of Nigerians who have acquired VIP status quickly become grandiose, inconsiderate and ungrateful when opportunity knocks.
It’s as if they undergo personality transplants as soon as they cease to be regular citizens and get their hands on money and influence.
This is why a Nigerian sage (whose name I don’t know) once wryly observed that “A friend in government is a friend lost!”
There are exceptions to this rule. But not many or enough!
As a matter of fact, even the sidekicks of VIPs – Personal and Special Assistants, for example – often become much nastier, alongside their masters and madams.
Even modest amounts of power drastically change some dignitaries or dignitaries’ aides beyond recognition; and they totally rearrange their social circles and conduct. Even when they retain old chums, they rarely treat them with respect.
And because they treated so many people so shoddily when they were riding high, they are ruthlessly and contemptuously deserted when they leave office.
Sure, Nigeria being the kind of place in which former VIPs are allowed to doggedly cling onto defunct titles ad infinitum, they will always be known as Senator This, Honourable That, His or Her Excellency and so on. And they will forever be acknowledged, to some extent, and invited to sit on high tables at weddings, etc.
But the Homes of Has Beens who weren’t gracious when they were powerful – homes that were once full of desperate supplicants, sychophants and “well-wishers” – rapidly empty out and quit being thriving, crowded meccas when the individuals concerned quit working at the pinnacle of our society; and the only company they can count on when they have been booted out of office is their families and REAL friends (who’ve been woefully neglected but choose to forgive and forget).
The inability to manage success graciously is a serious moral flaw. As we embark on a brand New Year, one can only pray that more Nigerian Big Men and Big Women learn how to overcome this flaw, control their egos and become less obnoxious!!!
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Wednesday, December 23, 2015

LAGBUS to provide free bus rides on Christmas Day

The Lagos State Government, through LAGBUS and its franchises, said it would provide free bus rides to residents on Friday, to commemorate this year’s Christmas celebration.

This is contained in a press statement signed by Mr Yemi Adesoye, the LAGBUS Public Relations Officer, which was made available to newsmen in Lagos.
According to the statement, the move is aimed at promoting the use of public transportation, as well as reducing congestion on Lagos roads during the festivities.
The statement said that the free bus rides would cut across parts of the metropolis, within the operational hours of 6:00 a.m. to 10:00 p.m.
It said that the free bus services would ensure that fewer vehicles were on the roads during the period, appealing to motorists not to drink and drive to prevent avoidable accidents, which usually occurred during celebrations.
While wishing residents a Merry Christmas, the LAGBUS management commended them for their unflinching patronage.
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Roles and Importance of Professional Accountants in Business

Roles and Importance of Professional Accountants in Business

A competent professional accountant in business is an invaluable asset to the company. These individuals employ an inquiring mind to their work founded on the basis of their knowledge of the company’s financials. Using their skills and intimate understanding of the company and the environment in which it operates, professional accountants in business ask challenging questions. Their training in accounting enables them to adopt a pragmatic and objective approach to solving issues. This is a valuable asset to management, particularly in small and medium enterprises where the professional accountants are often the only professionally qualified members of staff.Accountancy professionals in business assist with corporate strategy, provide advice and help businesses to reduce costs, improve their top line and mitigate risks. As board directors, professional accountants in business represent the interest of the owners of the company (i.e., shareholders in a public company). Their roles ordinarily include: governing the organization (such as, approving annual budgets and accounting to the stakeholders for the company’s performance); appointing the chief executive; and determining management’s compensation. As chief financial officers, professional accountants have oversight over all matters relating to the company’s financial health. This includes creating and driving the strategic direction of the business to analyzing, creating and communicating financial information. As internal auditors, professional accountants provide independent assurance to management that the organization’s risk management, governance and internal control processes are operating effectively. They also offer advice on areas for enhancements. In the public sector, professional accountants in government shape fiscal policies that had far-reaching impacts on the lives of many. Accountants in academia are tasked with the important role of imparting the knowledge, skills and ethical underpinnings of the profession to the next generation.Protectors of Public InterestA description of the multifaceted role of professional accountants in business is not complete without discussing the duty that the profession owes to the general public. As a profession that has been bestowed a privileged position in society, the accountancy profession as a whole deals with a wide range of issues that has a public interest angle. In the case of professional accountants in business, not only must they maintain high standards but they also have a key role to play in helping organizations to act ethically.Closely link to the protection of public interest is the notion that public accountants need to be trusted to provide public value. Accountants will lose their legitimacy as protectors of public interest if there is no public trust. The accountancy profession has wide reach in society and in global capital markets. In the most basic way, confidence in the financial data produced by professionals in businesses forms the core of public trust and public value.Competing DemandsAccountants often times face conflicts between upholding values central to their profession and the demands of the real world. Balancing these competing demands speaks to the very heart of being a professional in contrast to simply having a job or performing a function. Professionals are expected to exercise professional judgment in performing their roles so that when times get challenging, they do not undertake actions that will result in the profession losing the public’s trust as protectors of public interest.Ethical codes for professional accountants globally compels professional accountants, regardless of the roles that they perform, to uphold values of integrity, objectivity, professional competence and due care, confidentiality and professional behavior. However, competing pressures can put professional accountants in challenging and often times difficult situations. These conflicts revolve around ethics, commercial pressures and the burden of regulation.Situations may occur where professional accountants in businesses are expected to help the organization achieve certain financial outcomes. In some of these cases, the required action may risk compromising compliance with accounting and financial reporting rules. Professional accountants in businesses encounter tension in these situations. As an example, accountants in organizations may face pressures to account for inventories at higher values or select alternative accounting methods which are more financially favorable to the company. However, these actions may be contrary to what are allowable in the accounting standards or to what the professional accountant may feel comfortable with.The Role of Professional Accounting Bodies in Promoting Professional AccountantsProfessional accounting bodies globally have the important mandate of representing, promoting and enhancing the global accountancy profession. At the national level, the professional accounting body is the voice for the nation’s professional accountants; this includes all professional accountants both in practice and in business. Because they play different roles in the society, the overall status of the accountancy profession can only be strengthened when both professional accountants in practice and in business are well-perceived by society.Because professional accountants in business are often the only members of staff who are professionally trained and qualified in accounting in the organization, they are more likely to rely on their professional accounting body for assistance in carrying out their work. They will look to the professional accounting body to provide them with the support and resources they need in doing their daily jobs and to keep their skills up-to-date. For example, professional accountants in business may look to their subject matter experts in the accounting body for advice on how to handle ethical dilemmas. They will also be dependent on their accounting body to provide continuous professional development training initiatives to keep their knowledge and skills current.
Like other professions, professional accountants are increasingly challenged to demonstrate their relevance in the capital market and their ability to evolve and face new challenges. Public expectations are high. The value of professional accountants will be measured by the extent to which they are perceived to be accountable not only to their own organizations but more importantly to the public.Professional accountants in business are a key pillar in organizations helping to create and sustain value and growth. Their ability to continue to fulfill these roles in the face of constant environmental changes is vital to their continued relevance. Professional accountants in business are also the front runners when it comes to upholding the quality of financial reporting and providing the broader public with reliable financial information.Professional accountants in business are an important critical mass in the global accountancy profession. The same applies at the national level. Public education on the diverse roles of professional accountants in business needs to be stepped up so as to increase the visibility of these roles. Professional accounting bodies also need to pay attention to their members in business and provide them with the support they need in order to succeed in their roles. Their voices also need to be represented. Achieving success on all these fronts will drive continued recognition by society of the value of professional accountants in business. This shapes the continued success of the accountancy profession as a whole.
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