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CGF Articles & Editorials

RIFLE-SHOT PERFORMANCE HOLDINGS: SIX SOLID YEARS OF PATRONSHIP WITH CGF (2017-04-18)

As its longest serving Corporate Patron, Rifle-Shot Performance Holdings (Pty) Ltd (‘Rifle-Shot’) has supported CGF Research Institute (Pty) Ltd (‘CGF’) since 2011.  The business relationship has grown steadily through the years, and both companies have enjoyed the benefits of exchanging business ideas and enhancing their respective brands and market offerings.

WORKPLACE STRESS: A REAL ORGANISATIONAL RISK (2017-04-12)

Article by Dr Dicky Els and Terrance M. Booysen

It is imperative that the impact of work-related stress and the negative impact of distress be incorporated into the organisation’s enterprise-wide risk management framework. A Bloomberg study conducted in 2013 revealed that South Africa is the second-most ‘stressed’ country out of a study of 74 countries.

DO YOU REALLY NEED A CORPORATE GOVERNANCE FRAMEWORK®? (2017-02-28)

Article by Jené Palmer and reviewed by Terrance M. Booysen

We know that both local and international organisations are continuously having to adapt to operate in uncertain business environments.  Locally, the release of the Preferential Procurement Regulations 2017, which places stronger emphasis on ‘radical transformation’, against the backdrop of persisting low economic growth rates are only some of the elements giving rise to further uncertainty.

BOARD INDUCTION: A CRITICAL COMPONENT FOR BOARD UNDERSTANDING AND PERFORMANCE (2017-02-15)

Article by Terrance M. Booysen and reviewed by Andrew Johnston (Director: Corporate Services - Sun International)

As Sir Winston Church famously once said, “There comes into the life of every man a task for which he and he alone is uniquely suited.  What a shame if that moment finds him either unwilling or unprepared for that which would become his finest hour.”  Undeniably, this axiom would apply when new directors are not properly inducted within the context of their new board environment and the affairs of the organisation.

HOLDING DIRECTORS PERSONALLY LIABLE: WHERE TO DRAW THE LINE? (2017-02-09)

By Terrance M. Booysen, Lucien Caron and Robert Davies

There is no doubt that directors in South Africa are being scrutinised for their role within organisations ̴ and far more than in previous times.  Board and executive decision-making is being challenged in parliament and in court and, at the very least, some directors have suffered significant reputational damage for not being seen to have properly and diligently fulfilled their fiduciary duties.

ARE YOU READY FOR REGULATORY ONSLAUGHT AND INTERVENTIONS? (2017-02-02)

By Lucien Caron and reviewed by Terrance M. Booysen

Increasingly, large and small organisations are under mounting pressure to manage regulatory compliance and their associated risks more effectively.  Greater attention thus needs to be given to the organisation’s risk appetite and its risk mitigation, both at the enterprise and service-line levels.

INTOLERANT AND UNSOCIABLE BEHAVIOUR TO BECOME LEGISLATED (2017-01-18)

By Terrance M. Booysen and reviewed by Osborne Molatudi (Partner: Hogan Lovells)

South Africa’s first black President, the late Nelson Mandela famously said, “No one is born hating another person because of the colour of his skin, or his background, or his religion.  People must learn to hate, and if they can learn to hate, they can be taught to love, for love comes more naturally to the human heart than its opposite.”  It is against this backdrop that the issue of racism needs to be tackled, especially in light of the recent racist utterances and numerous incidents of vicious crimes which have been perpetrated in South Africa under the guise of racial hate and the associated social intolerances.

HIGH PERFORMING BOARDS (2017-01-18)

By Jené Palmer and reviewed by Terrance M. Booysen

Board performance, or the lack thereof, has recently been quite prominent in the South African landscape.  Unfortunately, the examples of mismanagement, poor oversight and lacklustre governance of our state-owned entities as well as some private sector businesses, abound.  Poor and deteriorating financial results, high staff turnovers, lack of strategic direction and transparency as well as little to no stakeholder communication, are but some of the symptoms of a poorly performing board.

ANTI-HATE SPEECH BILL INTRODUCES NEW BUSINESS RISKS (2016-11-07)

Article by Robert Davies (CGF: Lead Independent Consultant) and reviewed by Terrance M. Booysen

Saying or doing something racist, or performing various deeds which falls within a long list of things the Bill deems to be hate speech -- or a hate crime -- could see you ending up with a criminal record.

RESILIENCE: A POSITIVE DEVIATION AMID DIFFICULTY (2016-11-07)

Article by Dr Dicky Els and Terrance M. Booysen

With the accelerated pace of global development, fuelled by South Africa’s socio-economic and political uncertainty, there are obvious knock-on business implications that increase business risks, not least of which includes dampening the mood for local investment.  It is therefore not surprising to see many organisations downsizing, restructuring and even being forced to shrink their trading operations in the face of declining revenue and higher cost pressures.  Since the 2007-2008 global financial market crisis, organisations are operating in turbulent markets and have to constantly adapt to increasing business uncertainty and changing circumstances.