In some cases, the reason for a low score is that their levels of disclosure are below those of other corporations.”ĭaniel Malan, senior lecturer in ethics and governance at the USB and head of the Unit for Corporate Governance in Africa, said a number of companies have already been in contact with the Unit following the release of the results to find out how they can improve their corporate governance rating. “This rating does not mean that companies toward the bottom are poorly governed. In alphabetical order, the top five rated companies according to the matrix were Anglo Platinum, Firstrand, Impala Platinum, Lonmin and Nedbank. The matrix revealed that South Africa’s mining and banking sectors have the best records in terms of corporate governance and disclosure. The matrix will also play a role in encouraging a shift in corporate mindsets away from a short term focus towards delivering long term value.” “We believe that those companies that have good levels of corporate governance tend to be more sustainable and will therefore deliver better value over time. According to Deon Botha, corporate governance specialist at the PIC, it aims to shape corporate behaviour by encouraging further transparency among the country’s leading corporations. The matrix measures corporate governance levels of the top 40 JSE-listed companies in South Africa. The inaugural 2010 PIC Corporate Governance Rating Matrix (the matrix) conducted by the Unit for Corporate Governance in Africa housed at the University of Stellenbosch Business School (USB) on behalf of the Public Investment Corporation (PIC) was released this week.
0 kommentar(er)
