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  • Audit Committee Meeting February 9, 2019, at 1 P.M. UK

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    Charmaine Tejada
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    The audit committee meeting on February 9, 2019 discussed the company's declining sales figures and proposed solutions. Members discussed cost cutting measures proposed by Meyer and Anna's disagreement, suggesting to maintain a strong workforce instead. Marcus said they need both cost cuts and steps to boost sales. Anna proposed reviewing customer account procedures. Meyer suggested a market survey and hiring an external researcher for an impartial view of their market position and customer perceptions. The committee agreed to understand the sales issue's root cause and seek an outside market research company.

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    Meeting Minutes

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    Meeting Minutes

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    The audit committee meeting on February 9, 2019 discussed the company's declining sales figures and proposed solutions. Members discussed cost cutting measures proposed by Meyer and Anna's disagreement, suggesting to maintain a strong workforce instead. Marcus said they need both cost cuts and steps to boost sales. Anna proposed reviewing customer account procedures. Meyer suggested a market survey and hiring an external researcher for an impartial view of their market position and customer perceptions. The committee agreed to understand the sales issue's root cause and seek an outside market research company.

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    © All Rights Reserved
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    19 views3 pages

    Audit Committee Meeting February 9, 2019, at 1 P.M. UK

    Uploaded by

    Charmaine Tejada
    The audit committee meeting on February 9, 2019 discussed the company's declining sales figures and proposed solutions. Members discussed cost cutting measures proposed by Meyer and Anna's disagreement, suggesting to maintain a strong workforce instead. Marcus said they need both cost cuts and steps to boost sales. Anna proposed reviewing customer account procedures. Meyer suggested a market survey and hiring an external researcher for an impartial view of their market position and customer perceptions. The committee agreed to understand the sales issue's root cause and seek an outside market research company.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 3

    Audit Committee Meeting

    February 9, 2019, at 1 p.m. UK

    PRESENT:

    Marcus- Managing Director

    Meyer- Fianace Director

    Anna- Customer Service

    David- Sales Marketing Director

    REGRET:

    Bradson

    The meeting was convened at 1 p.m.

    Approval of Agenda

    MOTION #01N-06-11

    To accept the agenda of February 9, 2019, as presented

    Moved: Marcus Seconded: David

    CARRIED

    Approval of Minutes

    MOTION #02N-06-11

    To approve the Minutes of December 28, 2018

    Moved: Marcus Seconded: David

    CARRIED
    AGENDA

     Resolve the issue regarding company's sales figures

    SUGGESTIONS

     Meyer suggested to start cost saving in order to meet the budget

     Anna disagreed to the idea of Meyer, instead she suggested to have a strong
    work force

     Marcus said that they need cost cutting but they also need to stop the downturn
    in sales and region market share

     Anna suggested to review the customer's account procedures from first contact
    to after sales care

     Meyer suggested to see the whole picture like having a survey and also hiring an
    external researcher to get a neutral view on the position in the market and
    customer's view

    SOLUTIONS

     Understand the cause of the problem

     Look for market research company

    ADJOURNMENT

    There being no further business, the meeting was adjourned at 1:44 p.m.

    MINUTES APPROVED BY:


    Marcus

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