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South Africa’s laws and regulations aren’t clear about the role of the chair of a company. This carries huge risks for individuals and companies.
The best boards meet often.
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Their primary obligations consist of three duties: care, loyalty and obedience.
Students had demanded for years that Harvard University divest from fossil fuels.
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The announcement didn’t use the word ‘divest.’ A legal scholar explains why that shouldn’t matter.
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The law in South Africa is clear. Board committees may not function without keeping minutes.
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Former Commonwealth Bank chief David Murray promised to restore AMP’s reputation. He was never the right executive for the job.
Legislation can guard against political interference and maladministration.
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Over the past few years, heads of department and chief financial officers in South Africa have been placed under enormous pressure by politicians to bend compliance rules.
Steinhoff CEO Markus Jooste was an excessively dominant, forceful and feared boss.
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Steinhoff was the darling of investors, asset managers, analysts and financial journalists. But its success was built on shaky foundations.
Divestment campaigns are gaining momentum around the world.
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There are increasingly very sound financial reasons for super funds to strategically divest from some areas.