Business and Money Tips

How Yijing Helps in Corporate Governance Corporate governance is fundamentally about one question: How do we help an organisation succeed without allowing success to destroy it? That is very close to the wisdom of Yijing. 1. 阴阳 Yin–Yang: Balance Power Good governance requires balance. Management needs authority to run the company, but the board must provide oversight. Directors should support management, but also challenge it. Companies need growth, but also controls. Too much control kills entrepreneurship.  Too little control creates excessive risk. Yijing lesson:  Good governance is not maximum control. It is the right balance between freedom and control. Corporate governance is the brakes that allow businesses to go faster. 2. 变易 Change: Governance Must Anticipate Change Yijing begins with change. A risk that was small yesterday can become existential tomorrow. AI, cyber threats, regulation, geopolitics, reputation and changing customer behaviour mean boards cannot govern ...

Most people think making more money means working harder. I don't. I believe the real question is: How can you move faster with less fear? The answer is Corporate Governance . Think of corporate governance like the brakes on a high-performance car . Without good brakes, would you dare to drive at 200 km/h? Of course not.  Ironically, the better your brakes, the faster you can safely go. The same applies to business. Corporate governance is not just about complying with government rules and regulations. It is about three things: First, protecting your business from unnecessary risks. My client wants to bet big on the oil futures.  With an independent director questioning at the board meeting, my client took the risks WITH SAFEGUARDS.  Second, making better decisions through accountability and transparency. As a corporate coach and trainer, my clients need to explain why they do something. Such accountability and transparency may slow things down at the beginning, they do s...