South African Corporate Governance Agenda E-Book

Edward Dzerinyuy Bello

• Herausgeber: Books on Demand
• Kategorie: Fachliteratur
• Sprache: Englisch
• Veröffentlichungsjahr: 2021

Seitenzahl: 19

Beschreibung

South African Corporate Governance Agenda gives a deeper inside look and meaning on the corporate governance agenda of South Africa. This gives a genuine guide to anyone who wants to set a corporate business in South Africa. South Africa is a gateway to Sub Saharan Africa. Understanding the corporate governance agenda of South Africa opens your mind to understand Sub Saharan African corporate governance agenda much better. As entrepreneurs and business professionals, this book also gives you a deeper guide to understanding the environment of South Africa when setting a business, especially in this 21st Century of digitalisation and Artificial Intelligence.

Leseprobe

Index

• Brief Corporate History

• Law of South Africa

• Investor protection

• Ownership

• Board Structure

• Monetary System

• Executive Performance/Pay Model

• Dowring South Africa Company Structure / Case Study

• References

Brief Corporate History

By the late 1980s, many of South Africa’s corporations were bloated, unfocused and run by entrenched and complacent managers. These firms were sustained and tolerated by a very different environment from that in advanced economies and capital markets. The mainstay of the South African environment was isolation. Tariffs and political isolation shielded firms from foreign product competition, while financial sanctions kept international institutions out of the domestic capital market, and South African firms out of international capital markets. Corporate practices fell behind international norms, as did laws and regulations.

In 2001, little of that comfortable, introverted world remains. With political reform, engagement and change have replaced isolation and stasis. South African corporations, their managers and domestic shareholders have been exposed, in succession, to a new political system, rapid trade liberalisation, demanding international investors, an emerging markets crisis and rapid-fire regulatory reform.

Corporate structure has changed irrevocably. A decade ago, the six mining finance houses - corporate structures peculiar to South Africa, though reminiscent of the Japanese pre-War Zaibatsu, and formed in similar circumstances - dominated the economy. Today the mining finance house no longer exists. Along with the demise of the mining finance house, two of its widely imitated characteristics - diversified holdings and the entrenchment of control through pyramid structures - have fallen from favour. Conglomerates have been unbundled, and elaborate control structures dismantled. At the same time legislation, regulations, listing rules and accounting standards are converging to international norms.