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Advances in the corporate governance practices of Johannesburg Stock Exchange companies

Southern African Business Review

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Field Value
 
Title Advances in the corporate governance practices of Johannesburg Stock Exchange companies
 
Creator Mans-Kemp, N
Erasmus, P
Viviers, S
 
Subject corporate governance, King II Report, South Africa, compliance, disclosure
 
Description Since the 20th century, corporate governance mechanisms have been developed globally to curb the negative effects of the agency problem. South Africa was a pioneer with the publication of the first King Report on corporate governance in 1994. Given the paucity of research on corporate governance in the country, the researchers set out to investigate the corporate governance practices of 230 companies listed on the Johannesburg Stock Exchange over the period 2002 to 2010. Annual corporate governance scores were compiled by means of content analysis of the sample companies’ annual reports. The empirical findings revealed an increasing compliance trend towards 2010. Although the sample companies tended to improve the disclosure of their corporate governance practices over time, their practices were not per se acceptable (where acceptability implies meeting the King II recommendations). Inexperienced directors and managers might benefit from more training to enhance their understanding of the application of corporate governance principles.Keywords: corporate governance, King II Report, South Africa, compliance, disclosure
 
Publisher College of Economic and Management Sciences (UNISA)
 
Contributor —
 
Date 2016-04-20
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.ajol.info/index.php/sabr/article/view/134464
 
Source Southern African Business Review; Vol 20, No 1 (2016); 71-93
1998-8125
1561-896X
 
Language eng
 
Relation http://www.ajol.info/index.php/sabr/article/view/134464/124069
 
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