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News from the CGF Desk

DQS opens governance doors to its supply chain (2012-04-12)

CGF Research Institute (Pty) Ltd  a specialist company involved in a wide range of corporate governance services  announced last month that one of its latest Corporate Patrons is DQS South Africa (Pty) Ltd.
Terry Booysen, the CEO of CGF is delighted to see that more companies such as DQS are beginning to take an active lead to support good governance and its practices across all levels within their supply chain.

Supporting this notion, the Managing Director of DQS South Africa, Francois Labuschagne says, “it’s one thing to talk about governance, it’s altogether another matter practicing good governance throughout one’s business and extended supply chain.”  Both business leaders agree that the best way to ensure sustainable business growth is by ensuring a company entrenches robust business practices which are ethical, and supported by all the company’s stakeholders.

Getting the balance right between business growth, profits and good governance is not a task for the faint-hearted, and this is often a contentious debate in many boardrooms, both in South Africa and abroad.  Of course if the subject of governance is seen as an ‘intangible asset’ or a ‘tick-box’ event; then matters can become very serious such where a company and its leaders could become subjected to a combination of financial penalties, criminal or civil lawsuits, reputational and brand damage, or even company closure.  Increasingly companies are expected to understand and apply their minds to the manner in which poor governance affects their business, and this is not only a task for the AAA corporates, or those listed on a stock exchange.  This is a matter which concerns all businesses, no matter their size.

Says Booysen, “many companies still today see any form of governance as a hindrance to their performance and bottom line, which in reality can be the case if the company is not applying its mind to the manner in which the company is to be governed.”  What needs to be clearly understood about applying good governance is the fact that it needs to be resident as an underlying principle of the company, demonstrated by the company’s ethical behaviour, corporately and at individual levels.

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