Question
Write a communication to all members and stakeholders based on the following situation: 1. You are a professional regulatory body in the prestigious accounting sector.
Write a communication to all members and stakeholders based on the following situation:
1.You are a professional regulatory body in the prestigious accounting sector.
2. You have just received all of the members' dues payable June 1st, 2023, in the amount of $12,000,000.
4. You have the dues/money invested in various Asset Back Commercial Paper (ABCP) funds (derivatives)
for maximum returns.
4.Other organizations in NFP, PS and For-Profit sectors have invested in /ABCP to some degree.
5. The ABCP market was unexpectedly frozen due to financial irregularities.
6. The $12,000,000 is at risk based on the company each ABCP has been invested with.
7. You are not sure you will have enough operating funds to continue operations.
8. You have discovered the Investment Policy of the regulatory body was not followed exactly.
9. You have advised the Board but now must advise members. What you say will become public.
10. The media is all over this.
Remember: STARS; BOD Duty/Liability; Leadership & Trust; Risks; Sustainability; 3 key messages. What do your members want/need to hear? What's your communication objective?
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