RBCT Media Release - NEWSLETTER
NEWSLETTER
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2010/08/06
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IN THIS ISSUE:
NEW COMPANIES ACT 2008 & MOI | PERFORMANCE RELATED PAY SCHEMES - CAN THEY BE MADE TO WORK? | 10 WAYS TO TRIM YOUR IT BUDGET
New Companies Act 2008 & MOI
 The new Companies Act 2008 is expected to be implemented in the last quarter of 2010.
All companies and close corporations (CC’s) currently registered at CIPRO will continue to exist with the same registered name and number previously assigned to them. They will, however, be required to convert to the new system, by filing an amendment to their Memorandum of Incorporation (MOI). Performance related pay schemes - Can they be made to work?
 Employees who perform well should naturally receive more than their lower performing associates, right?
An effective performance related pay (PRP) scheme should deliver benefits to both employer and employee since it is driven off the employee’s ability to earn extra for more effective performance in their job. It sounds intuitively right in theory, it looks good on paper, but the implementation of such schemes has proven highly problematic form a "Company Charter" of Governance.
10 Ways to trim your IT budget
 IT could look like an easy target.
Trouble is, your IT is one of those things with the potential to fuel real efficiency increases in many areas of operation thus ultimately being a money saver. Besides, sooner or later you will be forced to refresh old technology, either because it’s stopped working or is so slow that it’s cramping your productivity. Here are some suggestions for how you can rein in the IT budget without sacrificing opportunity. Read More
Yours Sincerely
Please note that this Newsletter is intended to provide general news and information of interest to readers and is not intended as legal advice or opinion, nor are the views expressed in any of the contents hereof necessarily views held or shared by the Directors and Staff of WB&I Inc
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