Companies Act reform. Accountability versus governance

Show simple item record Gloeck, Juergen D. (Juergen Dieter), 1956- 2008-02-15T11:00:33Z 2008-02-15T11:00:33Z 2004
dc.description.abstract The Companies Act, Act 61 of 1974 came into effect on 1 January 1974, more than thirty years ago. Although the Act has been amended a few dozen times since then, the basic principles that established the accountability arrangements between the providers and stewards of capital have remained essentially unchanged. These fundamental arrangements are based on English law dating back to the Victorian era. There is no dispute that company law is in urgent need of reform – it is a widely accepted fact. Not only has the South African Constitution changed fundamentally, but corporate failures have exposed the current structures as incapable of effectively and efficiently dealing with irresponsible and self-serving company directors and officers. In South Africa we now live in a society where openness and transparency, inclusivity and accountability are the established societal norms. The Companies Act was not designed to support these principles. en
dc.format.extent 29571 bytes
dc.format.mimetype application/pdf
dc.identifier.citation Gloeck, D 2004/5, 'Companies Act reform. Accountability versus governance', Auditing SA, pp. 31-32. [] en
dc.identifier.issn 1028-9003
dc.language.iso en en
dc.publisher Southern African Institute of Government Auditors en
dc.rights Southern African Institute of Government Auditors en
dc.subject Accountability en
dc.subject Governance en
dc.subject South African company law reform en
dc.subject.lcsh Corporation law -- South Africa en
dc.title Companies Act reform. Accountability versus governance en
dc.type Article en

Files in this item

This item appears in the following Collection(s)

Show simple item record