Tag: corporate governance

At the heart of a company’s modern-day social contract is its purpose - a call to action that explains to its stakeholders why the company exists, what it stands for and why the world is better off for its existence. In the simplest terms, for sustainability to be embedded in the business strategy, the company needs to understand how it creates value for its stakeholders in the short, medium and long term by delivering on its purpose and by consciously prioritising people, planet and profit.

Read our exclusive cover story titled GREEN GOVERNANCE - ARE YOUR ESG PRACTICES GEARED FOR SUSTAINABILITY, RESILIENCE & VALUE CREATION? by Esha Mansingh, Executive Vice President Corporate Affairs & Investor Relations, Imperial Logistics and co-chair World Economic Forum New Champions SA Chapter and Lauren Rota, Vice President Group Environmental, Social & Governance, Imperial Logistics, as well a host of other topical management articles written by professionals, consultants and academics in the October/November 2021 edition of BusinessBrief.

A new draft of the Companies Amendment Bill has been published. Although the bill clarifies many important company law issues; several ambiguities related to the current act remain. On Friday, 1 October 2021, the Department of Trade, and Industry (DTI) published a new draft of the Companies Amendment Bill, 2021 (2021 Bill) for public comment.

There will be no sudden arrival of the cavalry to rescue us and that will affect the socio-economic change South Africa needs anytime soon. The only solution going forward is private/public co-operation and, as harsh as the statement might seem, it’s necessary.

Many organisations in today's digital landscape rely heavily on third-party vendors who help carry out delegated operations. A third-party vendor could be a company or entity that provides certain services to your business.

Is it time to broaden the traditional concept that directors owe a duty to the company only? There is an interdependency between companies and South African society, which mirrors the African concept of Botho, otherwise known as Ubuntu, which translates to ‘I am because you are; you are because we are’.

Information has undoubtedly become one of the most valuable assets for organisations, and whose dependence on it is constantly rising. At the same time, the frequency, sophistication and ferocity of cyberattacks are also increasing, posing a significant threat to business environments.

During the years of President Jacob Zuma’s leadership, the country experienced many great governance challenges which played out in the courts and the public domain. The Public Protector at the time  - Ms. Thuli Madonsela - appeared to be winning the battle against corruption, notwithstanding the great odds that she was facing.

Cyber and information technology security governance refers to the system by which an organisation directs and controls IT security and, to a large extent, involves decision making to mitigate cyber risks. By definition, this implies that cyber governance determines who is authorised to make decisions regarding the adoption of frameworks and the design and implementation of effective controls, which to a significant extent rely on continuous human involvement.

Recent global events, specifically the global COVID-19 pandemic, have caused widespread business disruption and transformation, forcing businesses to adapt to new ways of working in an extremely short period.