New report launched: Ethics and Compliance Risk Survey
USB's Centre for Corporate Governance in Africa has compiled a
report titled Ethics and Compliance Risk Survey 2014. The report
covers ethical and compliance risks faced by South African
companies with operations in SADC countries. This research, which
was based on responses from 26 JSE-listed companies, was sponsored
by the Hanns Seidel Foundation, Siemens, Commerzbank and EY.
Click here for full report.
Launch of new platform for the accounting community:
During the GRI Regional Conference in Johannesburg the week of
11 May, the University of Stellenbosch Business School's Centre for
Corporate Governance in South Africa co-launched an international
knowledge platform to bridge the gap between the sustainability
accounting and financial accounting professions. Materialitytracker
shows how the professions define "value" and "materiality", adding
best practice examples of global industry leaders. It compares the
requirements of among others the Global Reporting Initiative,
International Integrated Reporting Council and International
Accounting Standards Board for determining materiality. It also
considers what financial and sustainability thresholds can best be
applied to address issues such as climate change. At the GRI
Conference, the Centre's senior research fellow Cornis van der Lugt
introduced the platform while presenting a Master Class on
Materiality to business participants from Africa and beyond. For
more, see: www.materialitytracker.net.
USB's Daniel Malan appointed as a consultant to the WEF
Daniel Malan, senior lecturer and director of the Centre for
Corporate Governance in Africa at USB, has been appointed as a
consultant to the World Economic Forum (WEF). He will focus
specifically on the WEF's New Social Covenant project. According to
Malan, the World Economic Forum's work provides a global
perspective on the value of values in a business environment. He
has also been a member of the WEF's Global Agenda Council on Values
since 2011. Malan is currently completing his PhD titled
Integrative Social Contracts Theory and the United Nations
Global Compact: A South African Perspective.
USB issues PRME report on responsible management
USB is one of the first 100 signatories of the UN's Principles
for Responsible Management Education (PRME) promoting corporate
responsibility and sustainability in business education.
Click here for USB's 2014 PRME Sharing Information on
Perspectives on the meaning of "integration"
As many South African corporates
experiment with integrated reporting, it is evident that real
"integration" is still hard to find. Dr CT van der Lugt, Senior
Research Fellow at the Centre, has published a new analysis on the
meanings of "integration" as seen from examples of corporate
disclosure world-wide. This follows the Reporting 3.0 Conference
held in Berlin, 6-7 October, where he represented the Centre. His
analysis highlights, among others, the critical need to align
sustainability accounting and financial accounting systems.
Daniel Malan presents paper at Wharton School, USA
On 18 October 2014, USB's Daniel Malan presented a paper -
Contracts, Compacts and Covenants: Integrative Social Contracts
Theory, the United Nations Global Compact and the World Economic
Forum's New Social Covenant - at a conference at The Wharton
School, University of Pennsylvania, USA. The theme of the
conference was Normative business ethics in a global economy: New
directions in Donaldsonian themes.
CLICK HERE to read Daniel Malan's presentation.
USB's Daniel Malan talks at Millstein Governance Forum, New
Daniel Malan recently participated in the 2014 Millstein
Governance Forum at the University of Columbia Law School in New
York City. The event, which has taken place annually since 2006,
provides an opportunity for outreach and dialogue among the global
community of corporate governance practitioners and academics. It
is regarded as a key event for capital market practitioners and
academics involved in corporate governance and shareholder
stewardship activities. Malan, who is the director of the Centre
for Corporate Governance in Africa at USB, participated as a
panelist in a session on international accountability and
enforcement. He shared the platform with Luzi Hail (Wharton School
at University of Pennsylvania), Jonathan Koppell (Arizona State
University) and Stilpon Nestor (former head of Corporate Affairs
Division at the OECD).
Click here for summary of Malan's input.
Sunelle Hanekom shines in office professionals' contest
Sunelle Hanekom from the USB's Centre for Corporate Governance
in Africa and the Africa Centre for Dispute Settlement was named a
semi-finalist in the OPSA Rexel SA National Office Professional of
the Year Competition 2013. Read more.
Centre participates in US Chairmen's Forum Event
The Centre for Corporate Governance in Africa's Chairman's Forum
participated in a meeting of the US-based Chairmen's Forum Inc.,
which took place in New York City on 26 June 2013. Membership of
the South African forum, which was launched by the Centre last
year, is restricted to the chairmen of major South African
corporations, and is chaired by Peter Moyo, chairman of Vodacom.
Moyo was a guest speaker at the New York event, and addressed the
US forum on chairmanship in an emerging market. The Centre was
represented by Daniel Malan (director) and Thina Siwendu (senior
research fellow). Other issues that featured on the New York agenda
were CEO succession, separation of the roles of CEO and chairman,
shareholder engagement and diversity.
"The relationship between the two forums is very important to
us", said Daniel Malan. "The US forum - which originated at the
Yale Millstein Center for Corporate Governance and Performance -
provided advice when we set up our South African initiative. We
will continue to learn from each other, and we hope to host the US
forum in South Africa during 2014".
The Centre is chaired by Prof Bob Garratt, professor
extraordinaire in Corporate Governance at the USB and it is headed
by Daniel Malan, senior lecturer in Ethics and Governance at the