Management’s Responsibilities in Relation to Information

Management is responsible for the organisation’s information and information systems and for communications within and outside the organisation. This article is about management’s responsibilities in relation to Information.

Ilya Alkhimov, Kristina Laasma

Jun 23, 2021 — 1 min read

Explanation

Effective management by the GP depends on the ability of individuals to make well-informed decisions. The accuracy, timeliness and relevance of information on which to base decisions is therefore of paramount importance.

Businesses generate large amounts of information: about customers and markets; historic, current and future financial and non-financial performance; profitability, efficiency and effectiveness; and about risk and the management of risk. One of the key roles of the GP’s executives is the assimilation of the data and management information being generated at a portfolio company level. Analysis and assessment of this information is critical to gaining a clear insight into the portfolio company and as a result ensuring the most effective management of the portfolio company at a strategic, tactical and operational level.

Recommendation

Management should ensure that the organisation’s information is:

accurately compiled;
clear and unambiguous;
kept secure and confidential;
available in a timely and appropriate format and manner.

Cino attracted €500K investments at Latitude59

Huge congratulations to our client Cino on their achievement (€500,000 investments👏) at Latitude59! The eleventh Latitude59, attended by 3,000 people, was themed “Be Bold”. Almost 400 startups from 61 countries applied for Latitude59’s traditional pitch competition. Both early-stage and more mature technology companies were invited to the

International Sanctions in Estonia and the EU. The Subject.

The terms used in this article are defined in the ISA, in the legal act implementing international sanctions, the Financial Action Task Force’s (hereinafter: FATF) recommendations made in 2012 and the 2013 methodology dictionary, or in EU guidelines and other guidance materials.

One Person as a Board Member and as a Compliance Officer – The Proper Way of Applying and Conflicts of Interest

Compliance with the principles of good corporate governance shall start with the board and its responsibility to foster the long-term success of the company and secure its sustained competitiveness.

Personal Holding Company for Tax Planning

In this post, we will review how entrepreneurs and business owners can use foreign companies for tax optimization.