ISSN: 1996-2118
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Source: South African Journal of Criminal Justice, Volume 33 Issue 1, p. 257
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ISSN: 2519-7886
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Source: The Corporate Report, Volume 10 Issue 1, 2020, p. 1 – 5
In this sea of coronanomics we need conscientious corporate leaders who put aside all their present needs and past experiences and the corporate sins of greed, fear, sloth, arrogance and pride. They must approach decision-making with an open mind, individually and collectively, to decide on the long-term best interests of their companies.
Key ideas: Covid-19; coronanomics; ethical corporate leadership; King Report; value creation; sustainability; company stakeholders
ISSN: 2519-7886
Affiliations:
Source: The Corporate Report, Volume 10 Issue 1, 2020, p. 7 – 19
This article provides an overview of the impact of Covid-19 on organisations from a corporate governance perspective and the possible mitigation of such impact by applying the Principles in the King IV Report on Corporate Governance for South Africa 2016 (King IV). The article highlights how these fundamental philosophies, concepts and aspects of corporate governance have been considered and incorporated into King IV and how their application could, firstly, serve to mitigate the impact of Covid-19 on organisations and, secondly, enable it to position itself better going forward, to ensure the correct strategy, business model and sustainable value creation in the most optimal and efficient manner, ie across the six capitals, given the current situation and outlook for the future. The article also touches briefly on the institutional shareholder role, the evolving world of ESG, responsible business, and stakeholder inclusivity. Engagement with and the impact of stakeholders, particularly given the failure of organisations and their dependency on stakeholders, including shareholders in many instances, are discussed. Key ideas: Covid-19; King IV; stakeholders; shareholders; strategy; corporate citizenship; triple context; six capitals; information and communications technology (ICT); institutional investors; responsible investing; risk management, assurance, disaster recovery, business continuity; environment, social and governance (ESG)
ISSN: 2519-7886
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Source: The Corporate Report, Volume 10 Issue 1, 2020, p. 21 – 24
As this crisis continues to unfold, boards must pause to consider the important role they have during the crisis itself and, perhaps more importantly, in positioning their organisations for an uncertain future. There is much that a board can do to put its organisation back on an even keel, to ensure it is ready for this uncertain future. Key ideas: Covid-19; boards; management; communication; employees; external stakeholders
ISSN: 2519-7886
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Source: The Corporate Report, Volume 10 Issue 1, 2020, p. 25 – 31
While there is a lot of uncertainty about how conditions in the coming months will affect local businesses, an understanding of the law of insolvency can provide a lot of clarity on the available options for companies that find themselves in a difficult financial position. This article gives a brief introduction to the concepts of liquidation and business rescue, what they are designed to do, and how they function.
Key ideas: Covid-19; insolvency; liquidation; business rescue