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A year earlier, at the onset of the coronavirus disease 2019 (Covid-19) pandemic, the overall picture for global financial markets looked grim. Economies were left reeling from the impacts of the pandemic, with various industries recording significant decline in revenues. Several disruptions in supply chain processes as well as the imperative to prioritize a new work setup only added salt to the wound already sustained by businesses which struggled to stay afloat during the new normal.

As we adopt a bird’s eye view of the current business landscape, it is easy to be led by the belief that businesses and organizations still have a lot to accomplish in attempting to close the gender gap in corporate management. In a sense, there is truth to this statement. The cutthroat accounting industry, for instance, remains a relatively male-dominated sector. In my industry experience, I can attest that the number of female leaders is still considerably less than male ones.

How do we define the needed skills, behaviors and attitudes to perform jobs effectively? How do we know if an individual qualifies for the job or not?

Occupational fraud happens more in private companies than their public counterparts. The Association of Certified Fraud Examiners’ 2020 Report to the Nations said that 44 percent of reported frauds occurred in private companies, 26 percent in public companies, 9 percent in nonprofits, and 21 percent in government or other entities. These numbers indicate that having a board of directors and management team that prioritize fighting fraud is crucial.

Insider threats may have been looming even before the start of the Covid-19 pandemic, but the crisis further put a corporation’s security in distress.

On Nov. 26, 2020, the Senate approved on third and final reading Senate Bill 1357, otherwise known as the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill, which seeks to reduce the corporate income tax rate and rationalize the current fiscal incentives by making them time-bound, targeted and performance-based. This was done in an attempt to revitalize the slowing economy, as it is predicted that the measure will bring in more foreign investments like never before.

The coronavirus pandemic has affected about 4 million out-of-school youth in the current academic year, according to the Department of Education (DepEd). This number is expected to increase, with students unlikely to return to classrooms any time soon and magnified by schools’ apparent lack of readiness to adapt to online and blended learning.

Keeping a ship afloat means building and maintaining it using the right equipment so it could safely travel through dangerous water and reach its destination. An organization is similar to a ship. Companies range from small to big vessels, so to speak, traversing through diverse and challenging industries around the world.