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SOE BOARD GOVERNANCE: THE HANDBOOK HAS GOT IT WRONG
By Jonathan Lewis, MD Corporate Governance Accreditation (Pty) Ltd. - October 2016
Many State Owned Enterprises (SOEs) have been in the news lately for all the wrong reasons. Often their poor performance and bad governance can be attributed, at least in part, to non-functioning boards. A cornerstone of good governance for any board is to ensure that it has the necessary balance of skilled and experienced directors who are both able and capable of providing ethical leadership and appropriate oversight. The old saying of ‘a fish rots from the head’ has proved to be a truism in a number of instances... more >>

SUSTAINABLE SUSTAINABILTY
By Jonathan Lewis, MD Corporate Governance Accreditation (Pty) Ltd. - 2012
The last time I was privileged to write the editorial for McGregors Who Owns Whom was before the 2008 global financial crisis. How the world has changed - if only we had known then what we know now! No matter what we do in increasing oversight and vigilance, it never seems to be enough ... more >>

CORPORATE GOVERNANCE: ‘Last Chance Saloon’
By Jonathan Lewis, MD Corporate Governance Accreditation (Pty) Ltd. - 26 June 2009
Towards the end of 2001capital markets and world economies were rocked by a series of seemingly giant-sized catastrophes, namely the bursting of the IT bubble followed by 9/11 and then a series of corporate failures headlined by the likes of Enron, WorldCom and others. At the time we all looked on with shock and horror as the fall-out spread... more >>

CORPORATE GOVERNANCE – ‘THE HOLY GRAIL’
By Jonathan Lewis, MD Corporate Governance Accreditation (Pty) Ltd. - July 2009
So, what do we do now? After Enron et al we thought we had plugged all the holes, tightened the controls and improved oversight. We revised rules of the game, improved governance principles, tweaked the legislation and heightened the levels of oversight by regulatory authorities... more >>

‘EMBEDDED’ GOVERNANCE
Authored by Jonathan Lewis, MD of Corporate Governance Accreditation (Pty) Ltd., for Weathervane - Feb 2007
So much has happened on the governance front since my last article for Weathervane last year. Stories about bad governance make the news almost daily. At home we have had the investigations by the Financial Services Board into pension fund administration, with Alexander Forbes featuring prominently, though not solely..... more >>

"EXECUTIVE REMUNERATION -WHAT IS 'ENOUGH'?"
Written by Jonathan Lewis, MD of Corporate Governance Accreditation (Pty) Ltd. As published in "Weathervane"
At the time of writing this article, we are already heading towards the last quarter of 2006 – don’t know what happened to the first three quarters of the year! This takes us closer to the time when management begins to consider next year’s salaries and bonuses..... more >>

"A LOUNGE LIZZARD'S LOOK AT THE LEISURENET LITTIGATION"
By Jonathan Lewis, MD Corporate Governance Accreditation (Pty) Ltd. January 2006
OK, so the title of this article is a little long winded, but I couldn't resist the opportunity! Besides, it's not all that often that we have the opportunity to consider some home-grown examples of director liability claims without having to go..... more >>

"QUO VADIS CORPORATE GOVERNANCE"
By Jonathan Lewis, MD Corporate Governance Accreditation (Pty) Ltd. January 2006
Mention the topic of corporate governance to some executives and directors and you are greeted with a look of sheer frustration and exasperation. Still others will immediately conceive of governance as either risk management or corporate social responsibility or board composition or ethics or even black economic empowerment..... more >>

PEERING THROUGH THE "CORPORATE VEIL"
By Jonathan Lewis, MD Corporate Governance Accreditation (Pty) Ltd. 18 MAY 2005
A company is a legal entity in its own right. The problem of course, is that it exists only on paper - it needs people to represent it and act on its behalf. This is where the board and management have a role to play. As a result, their primary responsibility is..... more >>

MOST DIRECTORS IGNORANT OF ROLES, TASKS AND ACCOUNTABILITY
Article by Jonathan Lewis, MD Corporate Governance Accreditation (Pty) Ltd. 15 January 2004
In an article that appeared in the October (20-24) edition of Finance week, Prof. Bob Garrat, author of "Thin on Top", states that "The crisis in corporate governance in western democracies as occurred because the roles, tasks and accountabilities of the board of directors are not understood by politicians, business executives themselves, or the general public..... more >>

PARMALAT SPURS OECD & EU TO PUBLISH UPDATED PRINCIPLES & REGULATIONS
Article by Jonathan Lewis, MD Corporate Governance Accreditation (Pty) Ltd. 15 January 2004
As a result of the recent Pamalat fraud scandal involving an estimated 10 billion euros, this week the Business Day reported that the Organisation for Economic Co-operation and Development published updated corporate governance principles..... more >>

LIABILITY OF DIRECTORS FOR FINANCIAL INFORMATION INCREASED - WHAT ABOUT THE AUDITORS?
By Jonathan Lewis, MD Corporate Governance Accreditation (Pty) Ltd. 20 October 2003
Hard on the heals of the changes to the JSE Securities Exchange SA (JSE) upping the stakes for Director responsibilities and personal fines of up to one million rand, comes the recommendations of the Accounting Profession Review Panel to make directors, bankers and advisors personally liable if they provide false information to auditors..... more >>

THE ECONOMIST CONFIRMS NEED FOR GOVERNANCE ACCREDITATION - 10 Oct 2003
By: Jonathan Lewis - Managing Director, Corporate Governance Accreditation (Pty) Ltd

The innovation of Corporate Governance Accreditation (Pty) Ltd. (CGA) in being the only company to offer an accreditation endorsed by the Institute of Directors in Southern Africa (IoD) was confirmed by the results of a recent survey conducted by the Economist Intelligence Unit sponsored by KPMG entitled, "Corporate Governance: Business under scrutiny." Three main findings were made, namely that..... more >>

CORPORATE GOVERNANCE AND INSTITUTIONAL SHAREHOLDERS
Article by Jonathan Lewis, Managing Director of Corporate Governance Accreditation (Pty) Ltd.
On the 22 May 2003 the International Corporate Governance Network (ICGN) released a Statement on Institutional Shareholder responsibilities in which they outlined general guidelines for best practice in this regard. Due to the considerable responsibilities institutional shareholders bear in respect of their beneficiaries, it is clear they are required to develope suitable minimum standards and policies..... more >>

GLOBAL REACTION TO EXECUTIVE SALARIES - 9 July 2003
The international backlash against excessive executive salaries continues. According to the San Jose Mercury News of 18 June 2003, the California Public Employees Retirement System (CalPERS), one of the largest pension fund managers in the USA, is in the process of developing a statistical method to identify firms with the most excessive executive pay packages including all forms of compensation..... more >>

CHANGES TO JSE LISTING REQUIREMENTS:
Report by Corporate Governance Accreditation (Pty) Ltd. 2 JULY 2003

It is now common knowledge that the JSE Securities Exchange SA ('JSE') has finally released the new amendments to the listings requirements.
Of particular interest is the tightening up of the regulations relating to dealings in securities by directors and the now extremely onerous requirements. In our opinion, in trying to cover all angles, the JSE may well have over-stepped the mark..... more >>

CHAIRMAN'S WELCOMING ADDRESS:
SUSTAINABLE CORPORATE ACCOUNTABILITY SUMMIT:
24 JUNE 2003 Park Hyatt, Rosebank, Johannesburg
(Presented by J.R. Lewis, Managing Director, Corporate Governance Accreditation (Pty) Ltd.)
It has been said, by that eminent financial journalist, Deon Basson, that the books people are reading nowadays are a reliable counter-indicator of what one should be doing in the investment markets. The example given is the fact that, when the Nasdaq bubble was approaching its zenith, best-sellers were books on the 'new economy', analysing the technical revolution and explaining trading strategies..... more >>

CORPORATE GOVERNANCE AND RISK MANAGEMENT:
EXTRACT FROM 'SAKE BEELD ARTICLE"

PREPARED BY: J Lewis, Managing Director, Corporate Governance Accreditation (Pty) Ltd.: 10 June 2003
The prolonged downturn in the equity markets coupled with the erosion of investor confidence sparked by 9/11, the collapse of Enron, WorldCom and other corporate failures both nationally and internationally, have resulted in a sharper focus on the corporate governance standards employed by companies.
The situation was emphasised further during the World Summit in September last year..... more >>

GOVERNANCE AND THE TRUSTEE
PREPARED BY: Jonathan Lewis, Managing Director, Corporate Governance Accreditation (Pty) Ltd.: 29 May 2003
International corruption scandals and the collapse of confidence in investment markets have highlighted not only the role of management, and particularly directors, but also increased the obligations on trustees of pension funds. The recommendations of King II have emphasised the fiduciary duties of directors, and, by implication, the fiduciary duties of.....
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Changes to JSE securities exchange listing requirements
In terms of their latest proposals, with effect from 1 November 2002, the JSE Securities Exchange listings requirements are to be amended to bring them in line with the requirements of King II
..... more >>

McKinsey surveys confirm the advantages for corporate governance
The importance of the application of corporate governance principles is not only to conform to JSE requirements, nor should it be seen as yet another internal 'exercise'. The value of applying corporate governance principles extends far beyond those benefits as can been seen from the results of the following recent studies.....
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Corporate governance concerns Marcus
Chairperson of the board of the Financial Services Board (FSB) Gill Marcus says in spite of threats to destabilise global economies, the international and local financial systems are highly resilient, but has expressed concern about.....
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A Market for Governance
The Mercanto Italiano di Borsa, the Italian stock exchange, has recently launched the STAR exchange, a separate market for small and medium sized companies that follow strict governance requirements. To qualify for listing on this exchange..... more >>




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