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Corporate governance continues to evolve, especially in a South African context where companies must deal with the combined effects of environmental challenges, socio-political uncertainty and impediments to economic growth. The second edition of Corporate Governance in South Africa contains essential details on the principles and practices of good governance outlined in the first edition. It builds on these concepts by covering the latest developments in the sustainability reporting space, incorporating recent research findings on integrated thinking and clarifying the core features of outcomes-based governance. This book demonstrates to governing bodies, users of corporate reports, practitioners and academics how corporate governance is not just a compliance exercise but something central to the generation of superior financial returns and long-term sustainable development.
provide management and directors of companies, both private and public, with a reference work on the most important principles of corporate governance. It discusses the requirements of the Companies act, the recommendations of the 2002 King Report and recent requirements for directors of public-sector enterprises. Throughout the author makes clear how the relevant principles can be practically and progressively implemented.
How and why do business organisations contribute to climate change governance? The contributors' findings on South Africa, Kenya and Germany demonstrate that business contributions to the mitigation and adaptation to climate change vary significantly.
This study focuses on the corporate governance initiatives, laws and regulations aimed at enhancing the effectiveness of boards of public entities in Zimbabwe. The key question addressed is whether or not the corporate governance initiatives and legal and regulatory reforms in Zimbabwe are sufficient to enable boards of public entities to effectively discharge their duties and meet internationally accepted corporate governance standards. A comparative analysis of Zimbabwe’s public entities corporate governance framework to that of South Africa (a developing country like Zimbabwe) and Australia (a developed country with similar common law heritage) is also conducted. Recommendations are made on how best to enhance the effectiveness of boards of public entities in order to promote good corporate governance practices in Zimbabwean public entities.
Why have alternative corporate forms not been pursued more vigorously in South Africa and the Global South at large, with ownership in the hands of customers, employees, and local communities? This edited volume explores this question.
South African Governance will help the student understand the conceptual and contextual frameworks essential for establishing a sound foundation for South African governance, and allows the student to acquire knowledge of the Constitution of the Republic of South Africa. The book builds on theory by discussing the current state of governance and providing potential future perspectives. It concludes by integrating theory, contexts and institutions with current realities. It does this by discussing governance from policy to implementation, and giving the student practical applications of South African governance. South African Governance is suitable for undergraduate and postgraduate students enrolled in public administration courses at universities. It is also a useful reference tool for government officials and practitioners.
Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.
This book examines the contemporary and contentious question of the critical connections between business and human rights, and the implementation of socially responsible norms in developing countries, with particular reference to Kenya, Nigeria, and South Africa. Business enterprises and transnational corporate actors operate in a complex global environment, especially when operating in high risks sectors such as oil and gas, mining, construction, banking, and health care amongst others. Understanding human rights responsibilities, impacts, and socially responsible behaviour for companies is therefore an essential component of corporate risk management in our current world. The release of the United Nations Guiding Principles on Business and Human Rights, an instrument consisting of 31 principles on this issue, has further underscored the emergence of a rapidly developing set of international law norms on human rights responsibilities of businesses and transnational corporations. It has also shaped the discourse on corporate accountability for human rights. In addition to minimizing litigation, financial and reputational risks, understanding and demonstrating corporate respect for human rights is vital to building a culture of trust and integrity amongst local communities, investors, and shareholders. While Africa has been at the receiving end of deleterious activities of corporate actors, it has failed to address corporate impunity and human rights violations by non-state actors. Questions abound revolving around the underpinnings of a corporate responsibility to respect human rights, that is, how non-western and particularly African conceptions of respect may help develop a beyond do no net harm approach to respect; policy discourses on human rights due diligence, human rights impact assessment; mandating corporate respect for human rights in both domestic and international law. This book examines, clarifies, and unpacks the guiding principles of a rights-based approach to development and social inclusion. It offers an excellent exposition of regulatory capacity, institutional efficacy, and democratic legitimacy of governance institutions that shape development including a comprehensive analysis of how states are shaping business and human rights discourses locally to develop a critical understanding of identified issues by exploring the latest theories through comparative lenses.