Institute of Directors in Southern Africa

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2. Leading the Business Community In a free enterprise system, directors are the primary decision-makers of the private and public sectors, making them a vital resource of the country and a significant contributor to the well being of the nation and its people. It is a responsibility that cannot be taken lightly. Directors hold a special position of leadership and trust and are responsible – both legally and morally – for the balanced direction and proper reward for all participants in our economic enterprises. The IoD provides a forum where decision-makers can network and exchange ideas for the advancement of business and public affairs. Business leaders are day-to-day more often concerned with the training and development of others than they are with themselves, so a key activity of the Institute involves encouraging members to improve their personal competence through education and lifelong learning, as this has significant impact on business efficiency and job creation. Membership is widely representative of commerce, industry and the business professions, covering a range of economic sectors. Our goal is to properly represent all those who make the decisions that ensure the success of private enterprise.Leading the Business Community In a free enterprise system, directors are the primary decision-makers of the private and public sectors, making them a vital resource of the country and a significant contributor to the well being of the nation and its people. It is a responsibility that cannot be taken lightly. Directors hold a special position of leadership and trust and are responsible – both legally and morally – for the balanced direction and proper reward for all participants in our economic enterprises. The IoD provides a forum where decision-makers can network and exchange ideas for the advancement of business and public affairs. Business leaders are day-to-day more often concerned with the training and development of others than they are with themselves, so a key activity of the Institute involves encouraging members to improve their personal competence through education and lifelong learning, as this has significant impact on business efficiency and job creation. Membership is widely representative of commerce, industry and the business professions, covering a range of economic sectors. Our goal is to properly represent all those who make the decisions that ensure the success of private enterprise.

3. Corporate Governance Corporate Governance is “concerned with holding the balance between economic & social goals and between individual & communal goals”

4. Corporate Governance “The aim is to align as nearly as possible the interests of individuals, corporations and society” Sir Adrian Cadbury

5. Governance applies to all organisations Government Municipalities Schools Companies Sporting bodies (etc.) ALL INVOLVED !!

6. Corporate Governance Governance

7. Stakeholders Schools, clubs, sub-unions, players, coaches, fitness trainers, medical staff, officials, administrators Spectators, hospitality industry Community at large

8. History Birth of multi-shareholder companies Industrial Revolution The age of the worker The age of management

9. Own Scandals Masterbond MacMed Regal Treasury Bank Leisurenet R1.2 Billion summons

10. Corporate Governance Why did these companies fail ? Is the model sustainable ?

11. The Future New Leadership Style: Humility Team Builders Good to Great Greater Stakeholder Activism Longer Periods of Sustainability

12. Corporate Governance Why Corporate Governance is vital to South Africa

13. Corporate Governance Alleviate key problems of housing, health, education and unemployment Need growth rate of 6% per annum

14. Foreign Direct Investment 7 million - homeless 4 million - HIV/AIDS 12 million - school pupils 580 000 - University / Technikon 14 million - economically active 30% - of population unemployed 45 million - total population

15. Head Start Powerhouse of Africa GDP Africa - US$ 420 billion South Africa - US$ 113 billion Nigeria - US$ 62 billion Zimbabwe - US$ 9 billion Australia - US$ 368 billion

16. Africa - Perception Unstable Corrupt Crime ridden Susceptible to despotic rule South Africa contaminated by this perception

17. Stable economy Sound macro economic policy Outstanding constitution World class infrastructure Banking system top 10 in the world Cellular networks ? Sasol oil from coal South Africa Reality

18. Corporate Governance Good governance Good business sense McKinseys & Deutsche Bank

19. “If a country does not have a reputation for strong governance, capital flows elsewhere” “If investors are not confident with the level of disclosure, money will flow elsewhere” “If a country opts for lax accounting and reporting standards, capital will flow elsewhere” Director Education – Business Schools Strategic Alliance with the IoD: The path toward Chartered Director   ·        1-Day Programme – Corporate Governance , Directorship & Board Effectiveness Programme (In-house/Open Day) - CDCG ·        3-Month part-time - Corporate Governance Certificate Programme – IoD/RAU ·        6-Month part time - Graduate Diploma in Company Direction – IoD/GIMT ·        6-Month part time - Board Learning Programme – IoD/GIBS ·        3-Month part-time - Public Sector Governance Programme – IoD/SBL ·        4-Day Director Induction Programme for AltX Directors – IoD/JSE/WBS Director Education – Business Schools Strategic Alliance with the IoD: The path toward Chartered Director   ·        1-Day Programme – Corporate Governance , Directorship & Board Effectiveness Programme (In-house/Open Day) - CDCG ·        3-Month part-time - Corporate Governance Certificate Programme – IoD/RAU ·        6-Month part time - Graduate Diploma in Company Direction – IoD/GIMT ·        6-Month part time - Board Learning Programme – IoD/GIBS ·        3-Month part-time - Public Sector Governance Programme – IoD/SBL ·        4-Day Director Induction Programme for AltX Directors – IoD/JSE/WBS

20. If a country is over regulated making it difficult rather than simple for enterprise to flourish, capital will flow elsewhere” “If a country’s rates of tax are too high, capital will flow elsewhere” “If crime and corruption are at unacceptable levels, capital will flow elsewhere” Director Education – Business Schools Strategic Alliance with the IoD: The path toward Chartered Director   ·        1-Day Programme – Corporate Governance , Directorship & Board Effectiveness Programme (In-house/Open Day) - CDCG ·        3-Month part-time - Corporate Governance Certificate Programme – IoD/RAU ·        6-Month part time - Graduate Diploma in Company Direction – IoD/GIMT ·        6-Month part time - Board Learning Programme – IoD/GIBS ·        3-Month part-time - Public Sector Governance Programme – IoD/SBL ·        4-Day Director Induction Programme for AltX Directors – IoD/JSE/WBS Director Education – Business Schools Strategic Alliance with the IoD: The path toward Chartered Director   ·        1-Day Programme – Corporate Governance , Directorship & Board Effectiveness Programme (In-house/Open Day) - CDCG ·        3-Month part-time - Corporate Governance Certificate Programme – IoD/RAU ·        6-Month part time - Graduate Diploma in Company Direction – IoD/GIMT ·        6-Month part time - Board Learning Programme – IoD/GIBS ·        3-Month part-time - Public Sector Governance Programme – IoD/SBL ·        4-Day Director Induction Programme for AltX Directors – IoD/JSE/WBS

21. Solutions Proudly South African King II – This is how we do business Zero tolerance – non compliance Let entrepreneurs do what they do best Outcomes:   The IoD pioneered disciplines of good corporate governance since 1992 in Southern Africa and published both King Reports in 1994 and 2002.  Outcomes:   The IoD pioneered disciplines of good corporate governance since 1992 in Southern Africa and published both King Reports in 1994 and 2002. 

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