Tag: management succession plan

It’s been proven time and again: diversified businesses do better. McKinsey’s 2020 diversity report shows there’s a robust relationship between diversity at executive level and the likelihood of financial outperformance. There’s no doubt that women make an outstanding contribution to the financial services sector, but global trends indicate the industry’s transformation is slow.

South African boards should be looking carefully at King IV’s guidance on board composition and director independence rather than simply trying to impose a one-size-fits-all rule. An overemphasis on independence can actually rob boards of institutional knowledge and experience.

South African listed retailers have been going through a difficult period of late. Not only have the retailers been faced with extremely tough economic conditions, but many retailers have also meaningfully slowed down their space expansion (especially within urban areas), which has been a significant driver of growth in the past.