Thesis (MBA)--Stellenbosch University, 2014. / ENGLISH ABSTRACT: Newspaper headlines have continued to shock investors and society by exposing corporate
scandals and by highlighting the overall decline in moral fibre of the modern employer and/or
employee, locally and internationally.
The King III Report on Governance aims to improve organisations’ sustainability by providing
principles to enable sound decision-making for any organisation, irrespective of its size and/or
structure.
The objective of this research report was to investigate the challenges experienced with the
application of these principles, with a specific focus on the guidance provided to enable the
independence of directors.
Firstly, this investigation aimed to establish whether there was a belief that the application of these
principles would necessarily lead to sustainability; and secondly, whether the application of these
principles were practically possible for all organisations, irrespective of their size and/or structure.
The investigation was conducted by combining the results from a literature review on corporate
governance with a specific focus on director independence and a survey conducted with twelve
individuals involved in different capacities at board level.
Based on the information obtained from the literature review and the results obtained from the
questionnaire, overwhelming support exists that indicates that the application of the King III
principles would contribute to improve the sustainability of an organisation. However, it was
discovered that it would not necessarily be feasible for all companies, of any size and/or structure,
to effectively apply these principles. Various recommendations were made to address the
challenges identified for the effective application of the King III principles relating to the
independence of directors.
| Identifer | oai:union.ndltd.org:netd.ac.za/oai:union.ndltd.org:sun/oai:scholar.sun.ac.za:10019.1/97408 |
| Date | 04 1900 |
| Creators | Weber, Charles |
| Contributors | Malan, D., 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 | xi, 54 pages |
| Rights | Stellenbosch University |
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