Tag: good governance

If you had to make me choose just one good governance practice that is worth entrenching in your founding document and abiding by, it would be mandatory gaps in service for board members. I often have organisations, new and old, fight me on this for various reasons – the board is working so well together; we have such great board members and don’t want to lose them; it is so hard to find good board members; the admin is too much

Just days after Mpho Phalaatse was removed as Johannesburg’s mayor, a letter to all municipal entities surfaced on social media, in which the Acting City Manager of Johannesburg instructs the boards of municipal entities to cease holding any “strategic sessions, including the [sic] Board and Sub-Committee meetings” until further notice.

After years of sustained pressure especially from organisations like Sakeliga, the government relented in November last year and promulgated regulations stating that state-owned enterprises (SOEs) no longer have to comply with Broad-Based Black Economic Empowerment (B-BBEE), requirements when awarding government contracts.

The recent suggestion by PSG CEO Piet Mouton that the requirement to disclose executive pay should be made optional raises important questions about an issue that consistently attracts controversy. This follows news reports of Sibanye-Stillwater CEO Neal Froneman receiving R300 million in remuneration for 2021, most of which related to conditional share proceeds.

The news that John Lamola will assume the roles of both Executive Chair and CEO of South African Airways (SAA) suggests that the state has not learned the lessons of the past few years regarding the importance of good governance.

By 2030, Bloomberg expects artificial intelligence (AI) will account for as much as $15.7 trillion of the world economy. Of that figure, an estimated $6.6 trillion will come from businesses’ ability to be more efficient via automation and freeing their workforces to work on other tasks.

The first part of the State Capture Commission’s report, released earlier this month, documents an account of events where many sectors and individuals colluded to create an environment in which billions could be pilfered. This was achieved by deliberately sidestepping constitutional and regulatory checks and balances.

What are the legal implications for international oil companies (IOCs) operating in host countries where supplier due diligence is a challenge? The short answer to the question is that IOCs face ever increasing legal risk.

How do you go about choosing a Property Managing Agent for your residential or commercial property in South Africa? This is a very important question to ask, and the answer is a little bit more involved than you might think. Choosing a Property Managing Agent is a very important consideration for Body Corporates and Trustees alike.

As part of the South African Institute of Chartered Accountants’ (SAICA) month-long focus on ethics, we have contributed valuable insights during a webinar on how a good ethical culture is the enabling environment for every activity of the enterprise, how it enhances the quality of all resources, and how it is the regenerative source for an organisation’s trust capital.