ANSIE RAMALHO: Understanding the governance ecosystem
There’s been a disturbing trend of blaming the King 4 governance code for the recent spate of corporate failures – but this is a failure of critical thinking
12 September 2019 - 05:00
There are a few disturbing themes that characterise SA’s current governance crises: "accounting irregularities" missed by the auditors; directors claiming they were misled; sudden departures of CEOs; and investors who have lost their scepticism amid the glow of sterling past profits.
Of course, the finger-pointing is all just academic for the pensioners, retrenched workers and vulnerable communities who have lost money in these debacles...
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