URDG 758 – Revised Uniform Rules for Demand Guarantees

The revised ICC Uniform Rules for Demand Guarantees (URDG) were adopted by the ICC Executive Board at its meeting of 3 December 2009 in New Delhi. The revision was meticulously prepared over a period of more than two years and is the result of a collective effort by a number of ICC constituent groups, including ICC National Committees and the ICC network.
It is particularly significant that the present revision of URDG does not merely update …

Vincent O’Brien to present URDG 758 workshop in Dubai
Posted on 3 June 2010

Vincent O’Brien, a member of the International Chamber of Commerce’s Banking Commission Guarantee Task Force, will be presenting an important workshop on URDG 758 on 14 June in Dubai. The event will be held at the offices of the Dubai Chamber.
URDG 758 is the latest iteration of the ICC’s uniform rules for demand guarantees (URDG).
O’Brien has a rare talent for bringing such dry banking subjects to life in lively and engaging …

How Are You Developing Future Leaders?
by Stew Friedman

“Your old road is rapidly aging,” Bob Dylan proclaimed to the powers that be in 1964. “Please get out of the new one if you can’t lend your hand.” Recent experiences have left me thinking often of that now-iconic line over the past few days; in this post, I want to encourage you to think about whether you are either standing in the way or offering a hand to those coming after you.
In the last …

Ten Essentials for Getting Value from Values
Rosabeth Moss Kanter

Many organizations have statements of mission and values. Unfortunately, most of them sound alike. Who could quibble with the importance of “respect” or “customer focus”? Values statements can seem like passive decoration for walls and the Web, easily ignored. And the words don’t really tell anyone what to do in any specific sense.
But that doesn’t mean that values don’t matter. In organizations that I call “supercorps” — companies that are innovative, profitable, and …

How to Translate Training into Results
Ron Ashkenas

Most everyone would agree that the training and development of managers is a critical component of success for organizations — especially if you believe that a stronger leadership team makes a competitive difference. Yet despite its importance, when times are tough management training and development budgets are among the first to be cut. More often than not the reason behind this apparent contradiction is the lack of a clear connection between such training and results. …