Kyrgyzstan is a developing country, which has been part of USSR in the past. Therefore large companies still has government as a major shareholder. There is a basis to use corporate governance principles in Kyrgyz companies and our company is one of them. Below I will describe how corporate governance principles are implemented in our company ElectrStanciyalar (Power Plants) joint stock … [Read More...]
Latest articls
Cybersecurity Insurance 101: Focus on What’s Excluded
By Curt Leger
Despite the inexorable rise in small-cap data breaches, 80 percent to 90 percent of companies with revenues below $1 billion have no cyber insurance, according to the insurance data firm Advisen. Since many smaller companies lack the balance sheet strength to absorb the costs associated with cyber breaches, cyber insurance penetration in this segment will likely grow dramatically in years to come. … [Read More...]
Federal D&O Litigation: Washington’s New War Zone?
By Curt Leger
When the United States entered World War I, the U.S. Army boosted recruitment with a poster. Uncle Sam, symbolizing the federal government, pointed to the viewer: “I want you.” So it is with the many federal agencies that today have oversight over major companies and their directors and officers (D&O). If you or your organization have run afoul of a federal regulation, intentionally or not, … [Read More...]
The Dark Side of Commitment
The fish rots from the head, Chinese expression that stands out that the Board of Directors, as head of the organization is key to have a culture that promotes compromise among people working their; on the contrary, the company will not stand for long. Commitment is the result of a tacit or formal agreement among people agreeing on a given delivery in a specific timing and form. Commitment is what … [Read More...]
A comparative perspective women on boards revolution
INTRODUCTION The Franco British Chamber of Commerce Founded in 1873 and with a membership network of over 700 companies, the Chamber’s objective is to lead the Franco-British business community in France. World Women in Real Estate WWIRE is a community that encourages world women in real estate to help each other and create an impact DAREto An innovative consulting firm specialized on … [Read More...]
IMPROPERLY APPOINTED BOARDS SPELL DISASTER FOR ORGANISATIONS
By Terrance M. Booysen and reviewed by Joanne Matisonn (Head of Corporate Governance: TMF Corporate Services). It has been said that it is very difficult to accurately describe what exactly defines a good board of directors, and trying to find a scientific formulae for a so-called ‘perfect’ board is improbable. At the inception of the first round of appointing directors on the board, the … [Read More...]
Are we really looking for an endless, timeless supply of cheap stuff?
They say there are always two ways of looking at things, and the victory of Donald J. Trump in the US presidential election is no exception. He is the living proof that the political, economic and intellectual élite was swept away because they had completely lost touch with reality. Basing government decisions on “alternative” facts is of course bound to give rise to doubts and misgivings. … [Read More...]
D&O LIABILITY INSURANCE: AN ESSENTIAL COMPONENT OF AN ORGANISATION’S RISK-MITIGATION TOOLBOX
By Terrance M. Booysen and peer reviewed by David Loxton (Partner: Dentons) Directors and officers of all organisations are facing an increased risk of personal exposure. Their roles and responsibilities have become progressively more onerous in recent years, mainly as a result of new legislation and regulatory requirements, stakeholder pressure and increased governance and social … [Read More...]
NEW PREFERENTIAL PROCUREMENT REGULATIONS LIKELY TO BE CHALLENGED
By Terrance M. Booysen and reviewed by Bulelwa Mabasa (Werksmans: Partner) In his State of the Nation Address in 2017, President Jacob Zuma noted the intention of the South African government to influence the behaviour of the private sector and to drive economic transformation. He stated that this objective would be achieved through the government playing a role in the economy through … [Read More...]
LIFESTYLE AUDITS CURB ERRANT BEHAVIOUR
By Terrance M. Booysen and reviewed by Megan Grindell (Director: Carter DGF Risk Management) In today’s heightened times of public scrutiny and calls for ethical leaders, it’s not surprising that many concerned citizens have become far more demanding for good governance and transparency. Social media has been a major contributor to this call, such that a person’s privacy -- including matters … [Read More...]
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