As businesses grow larger and more complex, decision-making can become a challenging task. Sifting through massive amounts of data and weighing the pros and cons of major moves requires both expertise and collaboration. And who better to make these decisions than those closest to the inner workings of a company? That’s precisely why EY is empowering its partners with the right to vote on big business moves. In this blog post, we’ll explore how this innovative move enhances transparency, strengthens partnerships, and ensures that all stakeholders have a say in shaping their company’s future. So let’s dive in!
Background on the Right to Vote on Big Business Moves
The Right to Vote on Big Business Moves
EY is empowering its partners with the right to vote on big business moves, in order to build trust and transparency within the corporate world. In a blog post, EY outlined its new initiative, which will give employees a say in how their company spends shareholder money. The program was developed in consultation with management experts and outside advisers, and will allow employees to submit proposals for changes to company policies or practices. If a proposal receives a majority support from workers within an organization, it can then be brought before the board of directors for consideration. This new program is part of EY’s overall goal of becoming “the most trusted advisor,” and it hopes to build trust by giving employees a voice in how their money is spent.
How EY is Empowering its Partners with the Right to Vote
EY is empowering its partners with the right to vote on big business moves. This includes the ability to provide input on new alliances, joint ventures and other strategic partnerships. The process begins with an extensive review of potential business opportunities and culminates in a partnership vote that takes into account the input of all stakeholders.
“Partner voting is one way we ensure our clients are heard and that their interests are taken into account when decisions about our firm are made,” said Lidia Duran, Global Head of Business Development for EY Americas. “We feel it’s important to put our clients first and give them a voice in how we operate.”
The process begins by convening a group of key partners to discuss potential deals. Once a deal has been identified, representatives from both sides meet to discuss the implications for their respective businesses. This meeting is followed by additional conversations between executives from both companies as well as a partner vote.
Benefits of Having a Voice on Big Business Moves
EY is empowering its partners with the right to vote on big business moves. By giving its partners the ability to veto proposed deals that would have a significant impact on their businesses, EY is ensuring that its clients are the ones making the decisions that will have the biggest impact on their businesses.
This process has helped protect EY’s clients from some of the worst deal disasters in recent memory, including Deutsche Bank’s $10 billion settlement for misselling mortgage-backed securities and McAfee’s acquisition by Intel for $7.5 billion. By giving its partners a voice, EY is ensuring that they are always aware of potential risks and opportunities before any decision is made.
The benefits of having a voice on big business moves are clear: clients are better informed and protected from potential risks, and deals can be approved or rejected based on the unanimous opinion of all involved parties. Giving partners a say in major decisions gives them an important role in protecting their businesses and helps create trust between EY and its clients.
What partners need to do to participate in the Voting Process
In order for partners to participate in the voting process on big business moves, they need access to the necessary tools and resources. EY has created a Voting Portal that partners can use to submit and vote on proposals. The portal allows partners to easily find, review and vote on proposals related to their areas of expertise.
To make voting easy, EY has also developed an online voting toolkit that provides guides and templates for partner voting. The toolkit includes helpful tips on how to create a proposal, submit it and track its progress. Plus, it offers templates for communications with senior management about your vote and a results tracker so you can see which proposals received the most votes from your team.
Finally, EY is committed to providing support throughout the voting process. If you have any questions or difficulties participating in the voting process, don’t hesitate to reach out to our team at [support contact]. We’ll be happy to help you get started!
Conclusion
EY is empowering its partners with the right to vote on big business moves. This move is in response to the global outcry over the past year of corporate America moving jobs and profits overseas without taking into account the opinions of their local communities. EY’s new policy states that any business decision totaling $10 million or more will require partner input and a democratic process. Partner representatives will have a voice at management level, as well as be given access to financial data and other information about the company before voting on whether or not to approve a deal. Although this policy may seem like an extreme reaction by EY, it is important that companies listen to their partners if they want them to remain loyal and supportive.
