It is often signed and delivered by the borrower or the borrower's guarantor, or both. A bad boy guaranty can be drafted to either: Cause the borrower or guarantor, or both, to be personally liable for damages to the lender.Convert an otherwise non-recourse loan into a full-recourse loan as against the borrower or guarantor, or both.Actions that can trigger a bad boy guaranty include: Fraud.t is often signed and delivered by the borrower or the borrower's guarantor, or both. A bad boy guaranty can be drafted to either: Cause the borrower or guarantor, or both, to be personally liable for damages to the lender.
Definition of the Balanced Scorecard (BSC) The Balanced scorecard is a management tool that allows to monitor the indicators, the fulfilment of the strategy developed by the direction, at the same time it helps you to take fast decisions and guess the right to reach objectives.
2.1 The instrument of the Balanced Scorecard (BSC) The BSC can be understood as a management system, which is structured according to the logic of the cybernetic management circle (plan-do-check-act). Kaplan and Norton position the Balanced Scorecard as a tool for organisations to manage the demands of relevant stakeholders and to translate strategies into action (âfrom strategy to actionâ)1. When conceiving the Balanced Scorecard (BSC), Kaplan and Norton, maintained that companies are