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Inside Internal Controls

News and discussion on implementing risk management

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productivity

Volunteering: a pleasure or a burden?

After I joined the board of directors at a not-for-profit arts organization, it didn’t take long for me to wonder how I’d balance my new obligations with the rest of my day-to-day life. I’d volunteered before, but only informally. Now I have regular responsibilities, mainly meetings and fundraising. I’ll probably invest 70 to 80 hours volunteering with the organization this year. It’s a worthy cause, but it’s also worthwhile to question the time commitment.

 

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Accountants call for national entrepreneurship strategy

Canadians are pretty good at creating businesses that last, according to a new study by the Chartered General Accountants’ Association of Canada. Around 85 percent of new Canadian businesses survive for a year, 62 percent make it at least three years and 51 percent are still going after five years. The Business Development Bank of Canada puts this last number above 66 percent.

 

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Social responsibility, social media – can’t I just run my business how I used to? (Part 2)

Of course, you can certainly still run your business as you always have, and wait to see if corporate social responsibility and social media turn out to be passing trends. What’s more, maybe you don’t want to be on the cutting edge of marketing strategy—or don’t need to be. It is absolutely up to you.

 

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Social responsibility, social media – can’t I just run my business how I used to? (Part 1)

Do companies really need to implement and integrate social responsibility and social media strategies in order to succeed in today’s business world? These ideas didn’t even exist until relatively recently, and most businesses appeared to run smoothly before. But in the last couple of years, rarely a day has gone by without some mention in the news of companies taking on the role of social or environmental steward or engaging their customers and creating communities on the Internet. With all the talk, it seems businesses that don’t incorporate these strategies will look like obsolete outcasts, soon to disappear from the market.

 

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