Corporate Governance

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From: Amanda
Sent: 18 September 2010 15:51
To: Allen Johnson
Subject: Workshop 13 October: Corporate Governance - Commitment or lip service?

Dear Allen

Workshop - 13 October 2010   -   A one-day thought provoking intervention:

Are companies really committed to corporate governance or is it lip service?
As the leading economy in Africa, South Africa has, over the past decade, been working towards raising its standards of corporate governance. The inception of the first King Report in 1994 evoked strong interest in the matter, and the latest set of guidelines, the King III Report, represents a significant step in the evolution of corporate governance in the country, as does the New Companies Act. Although the Report's recommendations are not legislative, companies are likely to take major steps to demonstrate their adherence. If successful, this will not only appease domestic lawmakers, but will also demonstrate to overseas investors and shareholders that standards of governance are improving in South Africa and that companies themselves are active in making those improvements
How long will it be before it is decided if companies are realistically willing to adapt?
Is it likely that King III will set the tone for how companies tackle the issue of governance?
If you are interested in attending this workshop please click here to read more about the event and how to register.

Kind regards

Amanda

Board Recruitment Specialist

From: Allen Johnson Sent: 01 October 2010 13:52 To: Amanda Bougardt Subject: RE: Workshop 13 October: Corporate Governance - Commitment or lip service? Dear Amanda What a dilemma…which one should I choose? “Commitment” implies a long term association that could sour within a few minutes or maybe hours, whereas “Lip Service” reminds of the name of that massage parlour in Bangkok I’d er, heard about… 1994’s King Report certainly doesn’t stir any memories, I was in matric you see – and was far more interested in scraping enough money together for our Margate holiday – we used to drink cane and Oros on the beach at Uvongo, you believe that? These days its just tik and broken glass on our golden coastal sands…(*sniff*) I would like to raise a point at this time, you’ve jumped from the first King report straight into the King III report, what became of the King II report? Or is that waiting in the wings as some sort of peripheral strategic weapon should King III not cut the mustard? Or perhaps King II lies in shreds on the floors of your office building’s top echelon executives….the product of a Watergate inspired, midnight cover-up? A local Monica Lewinsky embroiled with your boss?? Please fill in the gaps for me Amanda, don’t want to be implicated in any potentially treasonous plots to overthrow the Free State or anything… By the way, there’s a typo in your title – it should be “ Bored Recruitment Specialist” Regards Richard Nixon the 3rd (or is that 2nd?)