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News from the CGF Desk

DQS South Africa raises Governance stakes with Bronze Patron status (2012-03-23)

CGF Research Institute (Pty) Ltd, a specialist company involved in a wide range of corporate governance services, has announced the support of its latest Corporate Patron, DQS South Africa (Pty) Ltd

Since 2004, CGF has been steadily building its corporate governance message across South Africa; strongly advocating that if South Africa wants to become the ‘destination of choice’ by foreign investors, it will need to assure investors of a stable political environment, a growing economy and one which is considered soundly governed and sustainable.  Of course these factors are only a few of the critical indicators that assist foreign investors in making their decision to invest in South Africa (or not); their decisions are also supported by their perception, attitude and appetite toward the country’s risks.  Their decision may be based upon -- for example -- the Global Competiveness Report, the Bribery and Corruption Reports, the Transparency International Report and the Global Peace Index Report.  Clearly then, if only one or a handful of organisations are striving to improve their governance and competitiveness ratings in South Africa, and the companies in their supply chain fail to do so, then the business cycle and its governance measures essentially begins to suffer, or even die, as foreign and local investors begin to fade from the picture.  Following this, business rating analysts link a number of factors that drag a country down in terms of engaging business; two of these factors just happen to be poor governance and overly burdensome regulations.

Moreover, as legislation and regulation is often seen as ‘an inhibitor of doing business’, organisations need to question not only why the barrage of restrictive laws continue, but more importantly how they could be better managed so that their operations are not adversely impacted?  “One way of better managing this situation is by actively engaging sound governance principles within the organisation’s direct operations, as well as its external supply chains,” says Terry Booysen, the  CEO of CGF Research.  Far too often an organisation may simply address its own basic governance requirements -- be these legislative, regulatory and even ISO (International Standards Organisation) and SHEQ (Safety, Health, Environmental & Quality) standards -- and rarely do they consider the manner in which more complex governance matters will affect not only their own operations, but also those of their suppliers and customers.  Of course training and a more proactive awareness of these matters should be made known to the organisation’s internal and external stakeholders, and through its adoption, could have a profoundly positive impact throughout the organisation’s supply chain, and indeed the economy.

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