Tag: corporate governance

There is a definite shift happening in the world order, says leading scenario planner and futurist Chantell Ilbury. But she emphasises that it's not just about the fact that it's shifting. What matters is what it’s going to shift to. Ilbury examined the topic of "Trump, South Africa and Your Business: Navigating Uncertainty with Scenario Planning" at a recent event we co-hosted with auditors Nolands and JSE Private Placements.

In recent years, corporate governance has become a hot topic following scandals like Steinhoff, Tongaat Hulett and many others. Despite increased attention, significant and material progress in improving governance practices across organisations remains alarmingly scarce.

King V draft has arrived - simplified, streamlined and updated - but it will not dethrone King IV. Still, in draft form, the latest iteration of South Africa’s world-leading Code of Good Governance is a milestone in ensuring that the Code remains relevant and aligned with evolving governance practices, both locally and globally.

Read our exclusive cover story titled King V - the next chapter for good corporate governance by Parmi Natesan, CEO and Ansie Ramalho, Chair of the King Committee, Institute of Directors South Africa (IoDSA), plus a host of other topical management articles written by professionals, consultants and academics.

The Companies and Intellectual Property Commission (CIPC) has introduced new obligations for reporting beneficial ownership information. The deadlines are tied to each company’s date of inception. Businesses must declare their beneficial owners within 30 days of their anniversary date, similar to annual return filings.

Maintaining a resilient supply chain for maintenance, repair, and operations (MRO) is crucial for businesses across various sectors. In today’s fast-changing and unpredictable world, maintaining a resilient supply chain for MRO is crucial for businesses across various sectors.

As South Africa faces an intensifying water crisis, government is placing the spotlight on the water and sanitation sector by shifting from the "business as usual" approach to unlock innovative funding for increased water infrastructure development. On Tuesday, 27 August 2024, President Cyril Ramaphosa approved the South African National Water Resources Infrastructure Agency SOC Limited Bill (the bill).

There is a rare opportunity to right a lot of South Africa’s wrongs in one go. Corruption and unemployment are two major roadblocks. Permit me to explain how they can be simultaneously addressed within the current administration. I suggest an amnesty largely on the African National Congress (ANC’s) past wrongdoing in office in return for liberalisation of labour laws. This may be for a bit further down the line.

In 2023, Reuel Khoza unsealed a letter to the future, which he had written in 1999 when he was chair of Eskom, at the time recognised as the best power utility in the world. It was an optimistic letter, expressing hopes that have since been dashed by corruption and maladministration – by a failure of ethical leadership.

The governance ecosystem is touted to give accountability, transparency, fairness and responsibility as the pillars on which corporate governance is built to all stakeholders and sanction or root out perverse conduct in an appropriate and balanced manner. This should keep the equilibrium of all stakeholders’ rights and obligations in check.