14 May, 2021

South Africa needs a stepped-up approach to governance

With South Africa’s economy facing more tough times ahead, an increased focus on stewardship is vital. King IV should be used as a platform for good governance practices, argues Robert Lewenson.

Cape Town, South Africa, King IV, corporate governance

Cape Town, South Africa. Image: Diriye Amey / Shutterstock.com

South Africa’s economy continues to struggle and faces significant headwinds in the immediate future. Against this backdrop, a stepped-up approach to good governance across all sectors of the economy is a critical component of the remedy to ensure that a sustainable future is achieved. Key factors to note for this approach are the number of challenges facing the industry, as well as some of the recent developments in the governance arena that seek to address these challenges, including our own efforts as an asset manager. These include the concerns South Africans have about poor governance; assessing its impact; showing how regulation suc

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Africa Directors Programme, Code for Responsible Investing in South Africa, good governance, King Code on Corporate Governance, King IV Report, long term value, Old Mutual Investment Group, responsible business, short-termism, South Africa, sustainability