|
|
 |
|
|
10 March 2010
|
|
|
|
|
King 3 code takes effect next month
|
|
Sanchia Temkin
|
Companies should start thinking about what principles of the King 3 report on corporate governance they should be applying, as the code becomes effective next month, say analysts. “Companies need to think about how the code will add value to the organisation. It is not a set of rules which can be applied overnight,” Jayne Mammatt, an associate director in governance and sustainability at Ernst & Young, said yesterday
|
 |
|
Business Day
Wednesday, February 03, 2010
|
|
|
|
|
King 3 is not a good fit for the nonprofit sector
|
|
Shelagh Gastrow
|
The release of the King 3 report on corporate governance last year and its imminent application have invigorated debate on corporate governance and social responsibility. Although this is a positive step, there is a need to orientate the debate towards the responsibilities of the nonprofit organisation sector in a more meaningful way.
|
|
|
|
Business Day
Thursday, January 28, 2010
|
|
|
|
|
|
King 3 report set to affect pay for nonexecutive directors
|
|
Sanchia Temkin
|
The remuneration of non-executive directors is in the spotlight in the wake of the global economic downturn, with many people questioning the large fees paid to directors. Regulators and governments worldwide have taken steps to deal with executive remuneration by issuing new regulations and implementing corporate governance principles.
|
|
|
|
Business Day
Tuesday, January 26, 2010
|
|
|
|
|
New accounting standard to simplify financial asset reporting
|
|
Sanchia Temkin
|
A new accounting standard being drawn up is intended to simplify the reporting of financial instruments. The global economic downturn, compounded by political interference, led to the International Accounting Standards Board agreeing to a complete revision of standards on accounting for financial instruments.
|
|
|
|
Business Day
Thursday, January 21, 2010
|
|
|
|
|
|
Training for non-execs
|
|
Dave Marrs
|
For nonexecutive directors to meet the demands made of them competently and effectively in future, they will need to be provided with a formal induction programme and ongoing training to ensure they have the necessary skills and knowledge. A review carried out by PricewaterhouseCoopers (PwC) on about 300 annual reports of South African listed companies found that 76% made mention of induction and training for new board entrants in their annual reports, yet only 26% had formal processes in place.
|
|
|
|
Business Day
Thursday, January 21, 2010
|
|
|
|
|
Executive pay to ‘take centre stage’
|
|
Sanchia Temkin
|
Nonexecutive directors will be required to take on more responsibilities during the course of the year in the wake of new regulations and an increased focus on corporate governance. “If nonexecutive directors are required to take on more responsibilities, companies will need to ensure that the fees they are being paid are commensurate with the role undertaken,” Gerald Seegers PricewaterhouseCoopers (PwC) SA director of human resource services said yesterday.
|
|
|
|
Business Day
Wednesday, January 20, 2010
|
|
|
|
|
|
|
|
|
contact us | add to favourites |
| |
|
BDFM Publishers (Pty) Ltd disclaims all liability for any loss, damage,
injury or expense however caused, arising from the use of,
or reliance upon, in any manner, the information provided through
this service and does not warrant the truth, accuracy or completeness
of the information provided. The publisher's permission is required to
reproduce the contents in any form including, capture into a database,
website, intranet or extranet.
(c) BDFM Publishers
|
|
|
|
|
|
|
|
|
|
Black Economic Empowerment (“BEE”) was meant to have found itself on more certain ground with the gazetting of the Codes of Good Practice in 2007. After all the years of anticipating an end to the moving targets and constantly shifting playing fields, the South African business community had cause to celebrate the birth of a decade of BEE certainty as the Codes superseded the plethora of sector charters and corporate self regulation.
|
|
|
|
|
|
|
|
|