Tag: board of directors

Corporate South Africa has made strides in recent history to be more inclusive of formerly marginalised groups in an effort to rectify the disparity of the past and be more diverse, including in the executive decision-making tiers. But the retirement of Maria Ramos, the last remaining woman CEO in the Johannesburg Stock Exchange top 40 listed companies earlier this year, illustrated that we are not making the progress we thought we were on gender parity.

The recent ransomware attack suffered by the City of Johannesburg sounds a clarion call for boards to revisit their technology governance strategies and take a more holistic view of technology and the risk it poses.

If we have both internal and external auditors, we have combined assurance, right? Wrong! For the board of directors to claim that they have discharged their obligations to implement a Combined Assurance Model requires much more than just the appointment of internal and external auditors.

The recent resignations of the CEOs of Eskom and South African Airways have again focussed the spotlight on board performance and effectiveness. Inevitably, the critical question arises: why are these CEOs really leaving? In considering the answer to this question one must include a review of the board’s composition and the extent to which the overall ‘health’ of the board may have influenced any decision to leave or not leave the organisation.

Management guru, Peter Drucker, is often quoted as saying, 'If you can’t measure it, you can’t manage [or improve] it'. Constructive feedback is integral to a process of development, growth and improvement, not least in an organisational setting, and especially in the case of boards of directors.

Patrick Bracher | Director | Norton Rose Fulbright | mail me |  Artificial intelligence (AI) is rapidly developing and may in the future get a seat...

With the financial and governance issues that have affected the reputation and financial health of companies such as Eskom and Oakbay Resources and Energy...

There are reports that SAA chair, Dudu Myeni, has recently missed several special board meetings, and that her colleagues on the board are taking...

Aimed at promoting the highest standards of corporate governance in South Africa, the King Report on Corporate Governance (King I) was published by the...