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Posts tagged as “Third Party”

Setting Up A Grievance Procedure

Establishing a robust and transparent grievance procedure is a fundamental pillar of effective human resource management, safeguarding both employee morale and the company's legal standing. A well-defined system acts as an essential feedback mechanism, allowing a business to identify and resolve internal issues before they escalate into costly disputes, legal action, or reputational damage.

TAX Havens

A tax haven is a country or jurisdiction that offers foreign individuals and corporations a favorable tax environment with little or no tax liability.

Off-Balance-Sheet Risk

Off-balance-sheet (OBS) risk refers to the potential for financial losses or liabilities arising from activities or transactions that do not appear directly on a company's balance sheet.

Invisible Hand of Culture

The "Invisible Hand of Culture" is a powerful metaphor that describes how cultural norms, values, beliefs, and unspoken rules subtly but profoundly influence human behavior, decisions, and interactions within a society, organization, or group, often without explicit awareness.