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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
 
 
More Articles

Top audit firms’ stability ‘key to investment’ Business Day Thursday, December 24, 2009
Adcorp staff allege major violations Business Times Sunday, October 25, 2009
King 3 ‘sets worldwide bar on corporate guidance’ Business Day Thursday, September 03, 2009
King calls for more transparency Business Day Wednesday, September 02, 2009
The Bottom Line Business Day Wednesday, September 02, 2009
King 3 tightens rules for nonexecutives Business Day Tuesday, September 01, 2009
Accounting proposals will simplify financial statements Business Day Friday, August 07, 2009
Companies urged to conduct ‘robust, flexible’ internal audits Business Day Tuesday, August 04, 2009
Directors’ independence a state of mind Business Day Monday, August 03, 2009
Katz’s resignation puts pressure on King code authors Business Times Sunday, July 19, 2009
Governance falls short Financial Mail Friday, July 10, 2009
Rising fraud linked to economic crisis Financial Mail Friday, July 10, 2009
International auditing board’s new standards soon available to SA auditors Business Day Thursday, June 25, 2009
King 3's promises Financial Mail Friday, June 19, 2009
Better protection for whistle-blowers Business Day Thursday, June 11, 2009
Firms show poor focus on fiduciary duties Business Day Wednesday, June 10, 2009
New code of convenience Financial Mail Friday, May 15, 2009
‘Apply or explain’ lies at heart of King code Business Day Thursday, April 30, 2009
Financial reporting ‘lacks transparency’ Business Day Tuesday, April 28, 2009
Trying to get the accounts right Financial Mail Friday, April 17, 2009
Boards’ role ‘to provoke debate’ Business Day Tuesday, April 14, 2009
Directors who fail in fiduciary duties ‘face damages risk’ Business Day Friday, April 03, 2009
Huge contention Financial Mail Friday, March 27, 2009
Expert urges caution on corporate governance Business Day Tuesday, March 24, 2009
More transparent banking among changes brought by crisis, says PwC Business Day Friday, March 20, 2009
Damages claims scare off auditing professionals Business Day Tuesday, March 17, 2009
King 3 report wrong about IT matters Business Day Wednesday, March 11, 2009
Examining the crisis Financial Mail Friday, March 06, 2009
The little things that count Financial Mail Friday, March 06, 2009
King 3 conflicts with proposed Companies Act over directors’ liability Business Day Monday, March 02, 2009
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Out of control
By Robin Wooley
2009/01/29 12:00:00 AM
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.
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