Centre for Corporate Governance in Africa
The mission of the centre is to develop both the compliance and the performance aspects of directors’ attitudes, knowledge and skills, as well as the link between corporate governance, business ethics and total organizational performance.
The Centre has four major focus areas:
- Responsible Investment: The centre has collaborated with the Public Investment Corporation of South Africa on the development of a Governance Rating Matrix for South African companies. Over the last five years the centre has assessed the environmental, social and governance performance of listed South African companies. With the assistance of the Hanns Seidel Foundation the matrix was adapted in 2011 to focus on the performance of state-owned enterprises. In 2010, the centre was appointed as the local research partner of UK-based EIRIS, to conduct research on South African companies for inclusion in the Johannesburg Stock Exchange’s Social Responsible Investment Index.
- Board leadership: The centre conducts colloquia under the leadership of Lynn McGregor, where topical issues are discussed by directors. A sponsorship received from Vodacom enabled the launch of a chairman’s forum in the second half of 2012. The centre was also identified by the Global Corporate Governance Forum as a possible regional centre for corporate governance in Sub-Saharan Africa.
- Integrated reporting: The centre partnered with UNEP and Deloitte on a new publication, Making Investment Grade: the Future of Corporate Reporting. The publication was launched in New York and Johannesburg in May 2012 and made available at the UN Global Compact’s Corporate Sustainability Forum, before the Earth Summit Rio+20. The centre was once again a partner in the third edition of Carrots and Sticks: Sustainability reporting policies worldwide - today's best practice, tomorrow's trends, which was launched at the Global Reporting Initiative's conference in Amsterdam in 2013. The Centre is also represented on the International Corporate Governance Network’s Integrated Business Reporting Committee.
- Values and ethics: The centre is represented on the World Economic Forum’s Global Agenda Council for Values in Decision Making, as well as the United Nations Principles for Responsible Management Education’s anti-corruption working group. A major event on the World Economic Forum’s New Social Covenant project will be held in August 2014.
The centre comprises a chairperson (Prof. Bob Garratt), director (Daniel Malan), visiting research fellows and an administrative assistant (Sunelle Hanekom).
The visiting senior research fellows are Thina Siwendu (director of Cliffe Dekker Hofmeyr’s Corporate and Commercial practice, focusing on Corporate Governance), Lynn McGregor (an experienced board director, consultant, and author of “The Human Face of Corporate Governance”), Dr Victor Prozesky (Vice President: Business Development and Human Resources at Outotec and former partner at Heidrick & Struggles), Deon Botha (corporate governance specialist at the Public Investment Corporation), Achieng Ojwang (Senior Manager at National Business Initiative) and Cornis van der Lugt (Geneva-based consultant and former coordinator of UNEP's Resource Efficiency sub-programme).
The members of the advisory panel are: Sir Mark Moody-Stuart (former chairman of Anglo American and chairman of the board of the UN Global Compact Foundation), Ollie Williams (Professor at the Mendoza College of Business at Notre Dame University and member of the UN Global Compact Foundation Board), Mervyn King (chairman of the King Committee on Corporate Governance and chairman of the International Integrated Reporting Council), Stephen Davis (former director of the Millstein Center for Corporate Governance and Performance at Yale University, currently associate director of the Harvard Law School Programs on Corporate Governance and Institutional Investors), Martin Hilb (former head of the Center for Corporate Governance at the University of St Gallen), Paul Lee (former director of Hermes Equity Ownership Services and currently Head of Investment Affairs, National Association of Pension Funds in the UK) ), and Eon Smit (former USB director).