Daily Bulletin

The Times Real Estate

.

  • Written by Tess Sanders Lazarus


According to Brett Flower, Company Director, Corporate Governance Specialist and founder of Ethical Leadership & Compliance Australia, Australia is one of the most legislated business operating environments in the world and the risks associated for the person charged with the responsibility of running a business are increasing every day.  

“Anyone can be a good business manager, but every business manager needs to strive to become a great leader and Company Director,” Mr Flower said today.

“We need to do more in Australia to become a country of smart business managers.

“Many business managers become Company Directors with little understanding of the risks involved or their regulatory responsibilities.   No one really explains the risks and responsibilities to them. 

“Every day people across Australia are setting up their own enterprises, starting their own businesses or being placed at the helm of the operation hoping to be successful and do well.   They get an ABN, tick a few boxes and launch, unknowingly, headfirst into a high risk environment and compliance minefield.   

“It is only when things go wrong in the business or when an incident occurs that business managers realise they could be in trouble – and then they panic.   At this stage, it is usually too late to mitigate the risk.   This is why it is essential to take a pro-active approach to corporate governance regardless of the size or type of the business.   

“There are significant risks for business managers and Company Directors in the small to medium size business market space, and not just risks to business but also considerable personal risks.     

“Company Directors of large organisations can undertake expensive courses through the Australian Institute of Company Directors, but there is nothing that focuses on small to medium (SME) size company managers or the role of a nominee director, that are running the majority of our country’s businesses.

“I established Ethical Leadership & Compliance Australia to provide SME managers and Company Directors with affordable, accessible, relevant and tailored Company Directorship and management/leadership training.   The training consists of three areas of focus which provide the most consistent challenges for SME managers.   The areas include:  Growth Strategies, Stakeholder Engagement; and Compliance. 

“My one day ‘SME Management and Company Directorship’ course covers all of the areas of responsibility and risks that business managers and Company Directors face.  

“SME managers and Company Directors need to understand issues such as exposure, taxation and financial trading compliance, employment and management of staff, product warranties, service and returns requirements, just to mention a few.

“Being an SME manager or Company Director should be a positive and rewarding experience, but this can only happen if managers and Directors fully understand their responsibilities and the risks involved.”

Brett Flower
Brett Flower

Ladder Safety 101: How to Use Your Ladder Properly

(Source) Using a ladder is not rocket science. It is simple and easy to do, but if not used the right way, it can result in serious injuries. Ladder safety is something that you should never ignore, ...

Daily Bulletin - avatar Daily Bulletin

Avoiding Common Mistakes When Installing Warehouse Pallet Racking

(Source) Let’s face it: warehouse pallet racking is the unsung hero of any efficient storage system. It’s the backbone of your operations, the silent organiser that maintains your stock reachable, yo...

Daily Bulletin - avatar Daily Bulletin

Concrete vs Steel Sleepers - Which is Better for Your Home?

When it comes to house planning, every detail matters, right from the sleeper material you opt for landscaping or construction purposes. Concrete and steel sleepers are two of the most popular ones...

Daily Bulletin - avatar Daily Bulletin

The Hidden Cost of a Bad Online Reputation for Perth's Small Businesses

In the connected digital landscape of Perth, a small business's online reputation has become as valuable as its physical storefront. From cafés in Leederville to boutique shops in Fremantle, Perth b...

Daily Bulletin - avatar Daily Bulletin

Retail Evolution: 5 Changes Reshaping Local Shopping Experiences

Photo: Tem Rysh / Unsplash Remember when shopping meant strolling downtown, greeting shopkeepers who knew your name, and carrying home paper bags filled with the day's finds? That world hasn't disa...

Daily Bulletin - avatar Daily Bulletin

Faster Benalla: The Data Cabling Secrets To Business Success

Benalla's business landscape is undergoing a profound transformation, driven by the relentless march of digital connectivity. A robust and reliable data cabling infrastructure is no longer a mere co...

Daily Bulletin - avatar Daily Bulletin

LayBy Deals