Tag: governance

The recent announcement of President Ramaphosa’s new cabinet provides a good opportunity to reflect on the critical role of ministers in the governance of the public sector. The work we have done in the public sector over the years revealed some common governance challenges.

South Africa’s current woes are in large part a result of a large-scale breakdown in ethics (both personal and professional) and good governance practices. One only needs to look at the goings-on at Steinhoff, KPMG, Eskom, SARS and VBS Bank to see the impact that unethical behaviour, large scale looting and unchecked business practices have had on the South African economy and on South Africans, whose confidence in the leadership of this country and those in business is at an all-time low.

The recent IODSA’ panel discussion on directors’ duties in respect to climate change highlighted the increasing realisation that directors need to factor climate change into their governance deliberations about strategy, risk management, products and services.

The recent court order instructing the Passenger Rail Agency of South Africa (PRASA) to make available audio recordings of one of their board meetings has highlighted the urgent need for boards to develop policy around this issue.

Aalia Manie | Senior Associate | Webber Wentzel | aalia.manie@webberwentzel.com | www.webberwentzel.com | Artificial intelligence (AI) is the apex of today’s technology age as we...

Loshni Naidoo | Project Director: Integrated Reporting | SAICA | loshnin@saica.co.za  | www.saica.co.za | The South African Institute of Chartered Accountants (SAICA) has signed a statement...