SA has experienced a steady stream of corporate governance failures in recent years, with each new scandal further exposing the fiction that corporate leaders can be trusted to “self-regulate”.

In the wake of these events, there was much posturing by regulators about plans to get tough on adherence to corporate governance rules. But three recent sets of regulatory amendments reveal how toothless these threats were, and how ineffective our country’s legislators are when it comes to reining in big business...

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