rating corporate governance: the delicate balance between disclosure, compliance and performance

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Rating corporate governance: the delicate balance between disclosure, compliance and performance. Daniel Malan Head: Unit for Corporate Governance in Africa KPMG Special Advisor: Ethics and Governance. Unit for Corporate Governance in Africa. Our mission - PowerPoint PPT Presentation

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  • Rating corporate governance: the delicate balance between disclosure, compliance and performanceDaniel MalanHead: Unit for Corporate Governance in AfricaKPMG Special Advisor: Ethics and Governance

  • Unit for Corporate Governance in AfricaOur missionTo develop both the compliance and the performance aspects of directors attitudes, knowledge and skills, as well as the link between corporate governance, business ethics and total organisational performance From our manifestoEffective corporate governance is the key to building stable and healthy institutions in a nation. These institutions include listed and unlisted companies, central government departments and agencies, state-owned enterprises, regional and local government organisations, family businesses, charities and non-profit organisations

  • PIC Corporate Governance Rating MatrixJoint venture: PIC & Unit for Corporate Governance in AfricaDevelopmental tool, aimed at assisting companies to improve their corporate governance performance and reportingWill have an impact on PIC investment decisions2009 Pilot VersionTop 40 companiesNo public disclosure of results

  • The TeamExpertsBob GarrattPhilip SutherlandTom WixleyKwanele GumbiUnitThina SiwenduDaniel MalanGlen DavisonMatseko MohlabaAnna YorttAdrian Bertrandt

    PICDeon BothaIssue specific inputStephen Davies (Yale)Paul Lee (Hermes EOS)Jako Volschenk (USB)Statistical validationMartin Kidd (Centre for Statistical Consultation, Department of Statistics and Actuarial Sciences, University of Stellenbosch)

  • The Model

  • The Matrix

  • The Way Forward2010Top 40 companiesChanges based on experiences during pilotChanges based on King IIIPossibly public disclosure of results2011 and beyondPublic disclosureTop 100 companiesComparative information

  • The learning board basic frameworkBusiness BrainExternalInternalLong termAccountabilityBoard conformanceSupervising managementStrategic ThinkingBoard performancePolicy formulationSource: Bob Garratt (Thin on Top)Short term

  • The learning board basic framework & King IIIBoards and DirectorsExternalInternalLong termAccountabilityBoard conformanceSupervising managementStrategic ThinkingBoard performancePolicy formulationShort termAudit committeeIntegrated reportingComplianceStakeholder managementEthical leadership andCorporate citizenshipRiskITInternal audit

  • [email protected] 5611292www.governance.usb.ac.za