Thesis (MBA)--Stellenbosch University, 2003. / ENGLISH ABSTRACT: Corporate governance can be defined as the system by which corporations are directed
and controlled. It looks at the institutional and policy framework for corporations - from
their very beginnings, in entrepreneurship, through their governance structures,
company law, privatisation, to market exit and insolvency. King II places the board of
directors at the heart of a company's business and holds them responsible for
everything the business did or failed to do.
Ultimately corporate governance is about leadership with integrity. A company
directorship should not be viewed as belonging to the right club, knowing the right
people and collecting a nice cheque every year. Their duties and responsibilities require
them to act with the utmost integrity and morality at all times. Failure to do so can result
in the demise of a company, a bank or even ... a country.
The main objective of this short dissertation is to describe the importance of the role of
Corporate Governance within the South African framework, with a focused look at the
principles of King I and II. Specific focus is placed on the strength of the fiduciary
responsibilities of the board of directors (King II) within the banking environment based
on three case studies namely Unifer, Regal and Saambou. / AFRIKAANSE OPSOMMING: Korporatiewe bestuur kan gedefinieer word as die sisteem waarmee organisasies beheer,
bestuur en gekontroleer word. Daar word gekyk na die institutionele en beleids
raamwerk van organisasies - van die begin, in entrepreneurskap, deur hul korporatiewe
strukture, korporatiewe reg, privatisering, tot mark ontrekking en bankrotskap. King 2002
beskou die raad van direkteure as die hartklop van enige organisasie en hou hulle
kollektief verantwoordelik vir alles wat die besigheid doen of nie doen nie.
Korporatiewe bestuur gaan in beginsel oor leierskap met integriteit. Om die regte mense
te ken, aan die regte klub te behoort en elke maand 'n lekker tjekkie te ontvang is nie
waaroor direkteurskap gaan nie. As gevolg van hul verantwoordelikhede en verpligtinge
word daar verwag dat hulle altyd met integriteit en moraliteit optree. As dit nie gedoen
word nie kan dit lei tot die verval van die organisasie, 'n bank of selfs .... 'n land.
Die doel van hierdie kort mini-werkstuk is om te verduidelik hoekom korporatiewe
bestuur belangrik is in die konteks van Suid Afrika. Daar sal verwys word na die
beginsels van King 1994 en King 2002. Spesifieke fokus sal geplaas word op die trustee
rol van direkteure in die bank omgewing en word geevalueer aan die hand van drie
gevallestudies naamlik Unifer, Regal en Saambou.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:sun/oai:scholar.sun.ac.za:10019.1/53336 |
| Date | 03 1900 |
| Creators | Roux, Carmen |
| Contributors | Esterhuyse, W., Stellenbosch University. Faculty of Economic and Management Sciences. Graduate School of Business. |
| Publisher | Stellenbosch : Stellenbosch University |
| Source Sets | South African National ETD Portal |
| Language | en_ZA |
| Detected Language | English |
| Type | Thesis |
| Format | 164 p. |
| Rights | Stellenbosch University |
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