Article: POOR GOVERNANCE AND LIP SERVICE CREATES UNSUSTAINABLE ORGANISATIONS

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It is a fact; since the collapse of so many iconic organisations across the world, the subject of corporate governance has intensified.

But have boards and their directors taken the issue of practicing good governance seriously enough, or have they merely paid lip service to this critical area of business and placed a veneer over their usual business practices?

In South Africa the topic of corporate governance appears to have lost a lot of traction, notwithstanding the
sterling efforts and recommendations found in the Corporate Governance Codes documented in King III , and
indeed what may be expected in King IV which will be published in draft later this year. Almost every day. South Africa is bombarded with examples where poor governance practices are exposed in government departments, private and listed companies, universities, schools , sport fields and even churches -in fact in all areas of our beleaguered society…

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