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Adams, Faadhil
Tydskrif vir die Suid-Afrikaanse reg, 09/2017, Volume: 2017, Issue: 4Journal Article
A sound corporate governance code is integral in any country. In 2017, in South Africa that staggers from crisis to crisis, corporate governance is perhaps now more integral than ever before. The preceding years have shown the consequences of a dismissal of sound corporate governance principles in stateowned entities, the avoidance of which could have saved the state, and the public, much needed financial resources. This failure of corporate governance in South African state-owned entities, which often leads to government bail-outs, is exacerbated by the high levels of inequality faced in this country.The misused funds could have been invested more diligently by the executive arm of government in combatting the many challenges still facing the country. Many of the directors of these entities have demonstrated on a prima facie basis a gross failure to comply with even the most basic corporate governance principles. Corporate Governance in South Africa with International Comparisons cannot single-handedly change the direction of entities such as those referred to, although what it may assist in doing is ensuring that those who are in charge of companies have access to a very readable up-to-date guide that, while not comprehensive, will ensure that any person that has read it is familiar with the principles of corporate governance as they exist in South Africa.
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