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Building Moonshots In today's rapidly evolving world, many industries have experienced disruption or are on the cusp of one. While organisations often discuss the importance of innovation and disruption for growth, it's not uncommon to find ourselves defaulting to familiar patterns and maintaining the status quo. To thrive amidst this change, businesses of all sizes must adopt strategic foresight not as an option but as an essential strategy. Developing strategic foresight enables organizations to anticipate and proactively respond to future challenges, ensuring they remain adaptable and resilient in an ever-changing landscape. By moving beyond "business as usual" thinking and embracing innovative approaches, companies can position themselves for long-term success.

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Attached is NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi , Hope you find it of interest. https://www.linkedin.com/posts/khaled-al-awadi-38b995b_energy-news-issue-1725-by-khaled-al-awadi-activity-7197227866399354881-IC2p?utm_source=share&utm_medium=member_desktop Regards. Founder & S. Editor NewBase Energy Khaled M Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA Attached is NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi , Hope you find it of interest. https://www.linkedin.com/posts/khaled-al-awadi-38b995b_energy-news-issue-1725-by-khaled-al-awadi-activity-7197227866399354881-IC2p?utm_source=share&utm_medium=member_desktop Regards. Founder & S. Editor NewBase Energy Khaled M Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA Attached is NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi , Hope you find it of interest. https://www.linkedin.com/posts/khaled-al-awadi-38b995b_energy-news-issue-1725-by-khaled-al-awadi-activity-7197227866399354881-IC2p?utm_source=share&utm_medium=member_desktop Regards. Founder & S. Editor NewBase Energy Khaled M Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA Attached is NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi , Hope you find it of interest. https://www.linkedin.com/posts/khaled-al-awadi-38b995b_energy-news-issue-1725-by-khaled-al-awadi-activity-7197227866399354881-IC2p?utm_source=share&utm_medium=member_desktop Regards. Founder & S. Editor NewBase Energy Khaled M Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA Attached is NewBase 17 May 2024 Energy News issue - 1725 by Khaled Al Awadi , Hope you find it of interest. https://www.linkedin.com/posts/khaled-al-awadi-38b995b_energy-news-issue-1725-by-khaled-al-awadi-activity-7197227866399354881-IC2p?utm_source=share&utm_medium=member_desktop Regards. Founder & S. Editor NewBase Energy Khaled M Al Awadi, Energy Consultant MS & BS Mechanical Engineering (HON), USA

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www.seribangash.com An Article of Association is a legal document that contains the rules, regulations, and guidelines for the internal management and operation of a company. It is one of the two key documents along with the Memorandum of Association that forms the company's constitution, outlining its structure and objectives. While the Memorandum of Association defines the company's external objectives and powers, the Article of Association deals with its internal affairs. https://seribangash.com/public-private-company-difference/ Here's a detailed note on the Article of Association: Contents: The Article of Association typically includes provisions regarding the rights and duties of shareholders, the appointment and removal of directors, the conduct of board and general meetings, the distribution of dividends, the issuance and transfer of shares, borrowing powers of the company, and any other matters relating to the administration and management of the company. Flexibility: Unlike the Memorandum of Association, which is relatively fixed and requires formal procedures to amend, the Article of Association can be amended more easily by passing a special resolution in a general meeting of shareholders. This flexibility allows companies to adapt their internal rules according to changing circumstances and requirements. https://seribangash.com/public-private-company-difference/ Standard Provisions: While companies have the flexibility to customize their Articles to suit their specific needs, certain standard provisions are commonly included, such as: Shareholders' rights and obligations: Including voting rights, procedures for convening meetings, and methods for appointing proxies. Directors' powers and responsibilities: Specifying the powers of the board of directors, procedures for appointment, retirement, and removal of directors, and rules for board meetings. Dividend policies: Outlining the procedures for declaring and distributing dividends to shareholders. Transfer of shares: Stipulating the process for transferring shares, including any restrictions or pre-emption rights. Borrowing powers: Defining the limits and conditions under which the company can borrow money. https://seribangash.com/public-private-company-difference/ Winding up procedures: Describing the procedures for voluntary or involuntary winding up of the company. Legal Requirement: In most jurisdictions, companies are required to have Articles of Association as part of their incorporation documents. These Articles must comply with the laws and regulations of the jurisdiction in which the company is registered. Public Accessibility: While the Memorandum of Association is a public document that anyone can access, the Article of Association is often kept as an internal document and may not be available for public inspection. Binding Nature: The provisions contained in the Article of Association are binding on the company, its shareholders, directors, and other officers.

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In an era where change is the only constant, the internal audit landscape continues to evolve at a rapid pace. As professionals committed to upholding the highest standards of ethics, governance, and risk management, it's crucial to stay abreast of these changes. This year marks a pivotal moment in this journey with the release of the 2024 Global Internal Audit Standards by The Institute of Internal Auditors (IIA). These newly updated standards are not just a set of guidelines; they are a beacon that guides internal auditors through the complexities of modern business environments. They reflect a deep understanding of the challenges and opportunities faced by auditors in a world that is increasingly digital, interconnected, and regulated. Stay tuned as I delve deeper into each aspect of these groundbreaking standards. In my upcoming posts, I will be dissecting, summarizing, and offering insights into how these standards can be effectively implemented in various audit scenarios. As we embark on this journey together, I invite you to engage, question, and discuss these standards. Let's explore how they can shape the future of internal auditing.

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