For panels, protecting secret documents is actually a big deal. Table members are often trusted with sensitive information and need to feel confident that it will not fall into the wrong hands.
The problem is that when there’s a breach of trust, it can do serious damage. This is especially true of not-for-profits. While the most information reviewed at a nonprofit board meeting is probably business-related, some points are personal and delicate, such as issues with staff or potential donors. This sort details is not really meant for everyone, and breaching confidentiality can lead to all sorts of consequences—both the guarantee damages just like damaged kudos or reduction in trust (or even legal outcomes) as well as the accountability kind, such as removing from the mother board.
One way to safeguard confidential records for boards is to take up an official privacy policy and ensure that all table members understand and recognize to it. This can be an excellent step that can be done by including that in the panel member guide or demanding all new company directors to admit and consent to it ahead of they will join.
Another important step is by using a safeguarded, encrypted web based board management platform for the purpose of sharing papers. A good one offer a variety www.dataroomabout.com/the-reality-with-the-data-room-software of strategies to control whom sees what, such as organizing printing and downloading liberties for each report, implementing watermarks on paper or downloaded documents and creating records that display which individuals have exposed or printed out a particular doc.
He is a Commerce Graduate and holds Master degree in Economics and Finance.
He carries exceptional experience in spearheading high-end external audits, forensics engagements and In-Country Value (ICV) certifications. In hand a combined rich experience of more than a decade in audits, investigations, ICV advisories and corporate training. His portfolio contains industries’ experience relating to Oil and Gas, Real Estates, Hospitality, Construction, Consulting and Engineering, Education, FMCG and Non for-profit Organization which contains listed entities and public sector external audit engagements.
He is engaged in corporate trainings relating to IFRSs, ISAs and fraud investigation tools and techniques, hence throughout his career, he has a privilege of speaking on audit and financial reporting matters at both national and international platforms.
He is an approved Mentor of Association of Certified Fraud Examiners (ACFE), USA. He is engaged with different educational Institutes for the provision of professionals' qualifications and is hosting seminars/webinars globally for the audit and accounts fraternity.
He has authoreda book in the name of “IFRS Glimpse (IG)” and has published many articles on IFRSs.
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