Business Archives

Types of Securities that can be issued by a Startup

iCompetent2023-11-24T11:00:38+04:00November 24th, 2023|Business|

In the startup context, the term "security" typically refers to a financial instrument or investment vehicle that represents an ownership stake, financial interest, or right to a claim within the startup company. Various types of securities can be issued by a company to raise capital or allocate ownership. Here are some common types of securities: Common Stock This represents ownership in a corporation and often comes with voting rights at shareholder meetings. Common stockholders may receive dividends if declared by the company's board of directors but are subordinate to preferred stockholders in terms of dividends and assets in case of [...]

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Documents requested by Venture Capitals from Enterpreneurs

iCompetent2023-11-24T11:02:57+04:00November 24th, 2023|Business|

When seeking venture capital funding, venture capitalists (VCs) typically require a range of documents and materials to evaluate the potential investment opportunity. While the specific documents may vary based on the VC firm and the stage of your business, here's a list of common documents often requested: Video Introduction - Video recorded by the founder pitching his project Business Plan - A comprehensive document outlining your business model, market analysis, competitive landscape, financial projections, growth strategies, and team details. Pitch Deck - A concise presentation summarizing your business idea, value proposition, market opportunity, competitive advantage, financial projections, and team. Financial [...]

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Vital Components of an Internal Audit Charter

iCompetent2021-10-06T16:04:54+04:00October 6th, 2021|Business|

One of the great challenges every organization faces is assuring efficient and effective risk management (policies and processes designed to leverage or mitigate risks to the organization’s advantage). When done well, internal audit provides that assurance as part of its role to protect and enhance organizational value. For internal audit to operate at the highest levels, it must have clearly defined and articulated marching orders from the governing body and management. This is most easily achieved with a well-designed internal audit charter. The IIA’s Perspective Every organization can benefit from internal audit, and an internal audit charter is vital to [...]

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Dialogic vs Diagnostic OD

iCompetent2021-10-06T15:59:21+04:00October 2nd, 2021|Business|

Organizational development practice is always evolving and one of the most interesting recent developments in the field has been the evolution of dialogic OD (in contrast to the more conventional diagnostic approach). Books & Research The main champions of the dialogic approach are Gervase Bush and Robert Marshak, authors of ‘Dialogic Organization Development: The Theory and Practice of Transformational Change. Their DialogicOD website has lots of really useful resources and it is an excellent starting point for exploring the subject. Although not explicitly about OD, the possibility-focused ideas underpinning the recent bestselling Reinventing Organisations by Frederic Laloux (now available in an engaging [...]

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Code of Conduct

iCompetent2021-09-18T13:20:19+04:00September 18th, 2021|Business|

Adam Smith recognized the importance of corporate governance long back though he did not use the phrase. According to him, “The directors of the companies being the managers of the peoples’(shareholders) money than their own ,it can not well be expected that they should watch over it with the same anxious vigilance with the partners in a private corporation frequently watch over their own. ” Meaning & Definition “A code is a set of rules, which are accepted as general principles, or a set of written rules, which states how the people of a particular organization should behave” Thus it [...]

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5 types of strategic partnership

iCompetent2020-12-20T14:32:46+04:00December 20th, 2020|Business|

In a strategic partnership, two businesses intertwine their efforts in a certain area, such as marketing, supply chain, integration, technology, finance, or a combination of these. Such an agreement might exist between a digital marketing agency and a graphic designer, a web designer and a database management firm, or an Internet service provider and an email provider, just to name a few of the many possibilities. Whether you’re a startup or a growth company, there are many reasons to consider entering into a strategic partnership agreement. At the very least, a strategic partnership will add value to your product or service [...]

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Corporate Governance

iCompetent2020-05-16T15:25:38+04:00May 14th, 2020|Business|

Corporate governance is the combination of rules, processes or laws by which businesses are operated, regulated or controlled. The term encompasses the internal and external factors that affect the interests of a company’s stakeholders, including shareholders, customers, suppliers, government regulators and management. The board of directors is responsible for creating the framework for corporate governance that best aligns business conduct with objectives. Specific processes that can be outlined in corporate governance include action plans, performance measurement, disclosure practices, executive compensation decisions, dividend policies, procedures for reconciling conflicts of interest and explicit or implicit contracts between the company and stakeholders. An example of good corporate governance [...]

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Oman Foreign Capital Investment Law (promulgated by Royal Decree 50/2019)

iCompetent2020-05-09T12:19:12+04:00May 9th, 2020|Business|

The Foreign Capital Investment Law Promulgated by Royal Decree 50/2019 Translated by Ministry of Legal Affairs Foreword Royal Decree 50/2019 Promulgating the Foreign Capital Investment Law We, Qaboos bin Said, the Sultan of Oman after perusal of the Basic Statute of the State promulgated by Royal Decree 101/96, and the Commercial Agencies Law promulgated by Royal Decree 26/77, and the Law on Expropriation for Public Interest promulgated by Royal Decree 64/78, and the Law on Organising and Promoting the Industry promulgated by Royal Decree 1/79, and the Land Law promulgated by Royal Decree 5/80, and Royal Decree 5/81 Regulating the Usufruct [...]

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