Corporate Governance in South Africa

Tirthankar Nag

Chapter 5 in Corporate Governance, Responsibility and Sustainability, 2015, pp 78-90 from Palgrave Macmillan

Abstract: Abstract The practice of corporate governance has originated mostly from developed countries. South Africa is perhaps an exception, where concerns for corporate governance issues have kept pace with the developed world over time (Waweru, 2014). A few centuries of colonization by the Dutch and English settlers have left an indelible influence on the initial corporate laws and practices followed in the country. Conflict between the settlers and indigenous populations, and four decades of “Apartheid” led to concentrated ownership in the hands of the minority white population. This has resulted in a division of society on economic and racial lines. However, the story of South Africa’s corporate governance begins with breaking away from the past and looking forward to position the country in the “corporate governance” map globally.

Keywords: Corporate Governance; Ethical Leadership; International Financial Reporting Standard; Alternate Dispute Resolution; Corporate Governance Code (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-36185-1_5

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DOI: 10.1057/9781137361851_5

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