By Terrance M. Booysen and reviewed by Ian Jacobsberg (Partner: Hogan Lovells) One hardly needs any reminding of the global economic crash and its devastating effects the world experienced in September 2008. Many businesses were brought to their knees, and countless individuals were financially ruined as a result of what could only be described as reckless trading, backed by the greed of a … [Read More...]
Latest articls
The Misconception About CEO Tenures
The fuss around CEO tenure is loud enough, and the debate contentious to go on different directions. I felt the topic warrants a rational discussion. There is no doubt that every CEO has a time to quit or retire. There should also be no argument that each organization must have a sensible plan to deal with the inevitable. Let me begin by sharing my readings about CEO successions. Put bluntly, … [Read More...]
LEVERAGING THE ORGANISATION’S MEMORANDUM OF INCORPORATION TO IMPROVE IT’S RISK MANAGEMENT AND SUSTAINABILITY.
By Lucien Caron (CGF Lead Independent Consultant) and peer reviewed by Terrance M. Booysen An experienced board member will fully appreciate the various mechanisms contained within the organisation’s Memorandum of Incorporation (‘MOI’) that can be altered to best suit the environment within which the company operates. More often than not, the MOI is trivialized as simply a ‘founding document’ … [Read More...]
STARBUCKS CEO: WHAT’S THE ROLE AND RESPONSIBILITY OF A FOR-PROFIT COMPANY?
In Capitalism and Freedom (1962), the late American economist Milton Friedman wrote: "There is one and only one social responsibility of business -- to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engages in open and free competition without deception or fraud." In Capitalism and Freedom … [Read More...]
The Confluence, Ebb, and Flow of Leadership, Governance, and Management
For me, the confluence, ebb, and flow of leadership, governance, and management, dictates the success or failure of corporations. Succession There are, of course, many more tributaries to this flow, including creativity, innovation, disruption, culture and capability. There will be eddies, rapids, waterfalls, stagnation, and oxbow lakes, sandy beaches, rocky passes, banks, barges, and … [Read More...]
Non-profit boards – how to be more effective
By Mark Schultz
Board members of non-profit organisations are all generally time poor and have competing demands on their attention and focus. However, if an individual accepts a position on a board, then being busy is no excuse for inadequate contribution – if you cannot contribute, don’t nominate. There are a few ways non-profits boards can collectively, and the directors individually, improve their … [Read More...]
SOCIAL MEDIA – CHANGING TIMES AND INCREASING RISK
Many technologists across the world were completely bewildered by the claim Gordon E. Moore made in 1965, when he boldly predicted the rate of change the world would undergo through the rapid development of technology. Famously known as “Moore’s Law”; it supports the notion that every two years the components found on integrated circuits would double, and the size of the components would half in … [Read More...]
Auditor Remuneration in India: Trends and Insights
The auditors play a vital role in upholding the corporate governance standards in India. The external auditors are responsible for independently reviewing the financial statements of companies and provide opinion regarding its truthfulness and fairness. The auditing profession in the country is governed by the Institute of Chartered Accountants in India (ICAI), a statutory body established under … [Read More...]
Corporate Social Responsibility in Banks
Over the past few years, a rising emphasis has been placed on banks' Corporate Social Responsibility (CSR). But what does CSR mean anyway? This is indeed one of the most frequently asked questions for all those dealing with CSR matters. A simple definition refers to CSR as how banks take into consideration the impact on society of their operational activities. Consequently, it requires a … [Read More...]
Bells set to toll for independent school governance
If there’s one thing in Australia that’s almost as certain as death and taxes, it’s that what happens in one state or territory, particularly in the area of governance, is bound to send ripples into all others. Which is why the recent announcement by the New South Wales government of increased requirements for non-government – or independent – schools should get the bells ringing across this … [Read More...]
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