At That Point
  • home
  • our story
  • our services
  • your resources
  • SA Industry News

King Committee and Institute of Directors call on President Ramaphosa to honour his commitment to respond to the Zondo Commission recommendations

13/10/2022

0 Comments

 
Picture
The King Committee and the Institute of Directors in South Africa (IoDSA) are calling on President Ramaphosa to honour his undertaking to submit his response plan to the Zondo Commission’s 358 recommendations by 15 October.
“The speed with which the Zondo Reports were released sent an important message about how important these reports are. It is a message that could be seriously undermined should the recommendations not be acted upon with the same sense of urgency,” says Ansie Ramalho, Chair, King Committee on Corporate Governance for South Africa. “The President’s recent hints that the slight delay in the Commission’s submission of its final report could impact on the timeframe of four months imposed by the courts to announce government’s response is somewhat worrying.”

Ms Ramalho says that the King Committee would like to see the President address key issues relating to leadership. Generally speaking, the Zondo Reports show that a lack of leadership—from the President, Parliament, ministers and boards, both in the public and private sectors —lies at the root of state capture.

“The King Committee would like to see the President define the role that shareholder ministers must play in ensuring that SOE boards have ethical and competent and effective members. Shareholder ministers need to be held accountable for following a fair and transparent process when they make board appointments. King IV’s Supplement for state-owned entities contains good guidance,” she says. “Arbitrary decisions, protected from public scrutiny and with no appreciation of accountability, are not fitting in a democracy. The President should make this clear in his response.” The King Committee strongly argues that making board appointments based on politics, ideology or patronage results in the enrichment of the few at the cost of the many.

Parmi Natesan, CEO of the IoDSA adds that the broader question of what criteria should be used when making board appointments should also be addressed. Board members bear a heavy responsibility and general business proficiency in a particular industry is not enough. Directors pre-eminently need to possess specific competencies as professional directors, as outlined in the IoDSA’s Director Competency Framework. Without these professional competencies, in addition to appropriate industry experience, they will not be able to fulfil their role and legal duties effectively.

“Attention should be given to ensuring that boards contain individuals with a diversity of opinion and experience able to offer different perspectives and inspire more robust debate towards the goal of better decision-making,” added Natesan.

“King IV defines governance as ethical and effective leadership, or differently put, ethical and competent leadership. Failures of leadership at every level enabled state capture, and the King Committee expects that the President’s response to the Zondo report’s recommendations are timeous and will address this core issue effectively,” says Ms Ramalho.

ENDS
 
MEDIA CONTACT: Stephné du Toit, [email protected], 084 587 9933, www.atthatpoint.co.za
For more information on the IoDSA please visit:
Website:  www.iodsa.co.za
Twitter:  @The_IoDSA
LinkedIn:  Institute of Directors in South Africa Company Page  
Facebook: Institute of Directors South Africa
0 Comments



Leave a Reply.

    Welcome to the IoDSA Newsroom.
    IN THE MEDIA

    2023
    ​

    2 March
    Financial Mail: 5572bb70-29ab-48f8-b5df-79c7bb7f27dc.pdfIN 


    Archives

    May 2025
    February 2025
    November 2024
    August 2024
    July 2024
    March 2024
    January 2024
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    April 2021
    February 2021
    November 2020
    October 2020
    September 2020
    August 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    May 2019
    April 2019
    February 2019
    January 2019
    November 2018
    September 2018
    August 2018
    July 2018
    February 2018
    January 2018
    December 2017
    July 2017
    June 2017
    April 2017
    November 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    November 2015
    September 2015
    August 2015
    July 2015
    June 2015
    April 2015
    March 2015
    February 2015
    October 2014
    September 2014
    August 2014

    Categories

    All
    702 Sun International CEO SleepOut™
    ABSA
    Accountability
    ACGN
    Advocate Fay Mukaddam
    Africa
    African Governance Showcase
    AGM
    Alex Granger
    Angela Cherrington
    Angela Oosthuizen
    Ansie Ramahlo
    Ansie Ramalho
    Audit Committees
    Auditor General
    Board
    Board Meeting
    Boards
    Budget
    Business
    CD(SA)
    Central Energy Fund
    CEO
    CEO Tenure
    Certified Director
    Chairman
    Chartered Director
    CIPC
    City Of Johannesburg
    Clover
    Companies Act
    COO
    Corporate Governance
    Corruption
    Cricket SA
    Delinquent Directors
    Director
    Directors
    Directors' Sentiment Index Report
    Disclosure
    Discrimination
    Dudu Myeni
    Economic Growth
    Eskom
    Eskom Board
    Ethics
    Executive Pay
    EY
    Fair Pay
    FEDSAS
    Fraud And Corruption
    Governance
    Governing Bodies
    Gupta
    Huge Group
    Institute Of Directors In South Africa
    Integrated Reporting
    IoDSA
    Johannesburg Property Company
    Karin Ireton
    King Code Of Corporate Governance
    King IV
    KingIV
    King IV Launch Conference
    Leadership
    Local Elections
    Management
    Mervyn King
    Mid-term Budget 2021
    Mini-budget 2021
    Municipalities
    Non-Executive Directors’ Fees Guide
    North West Cricket
    Parmi Natesan
    Politics
    Professionalising Directorship
    Property
    Public Sector Boards
    Ray Harraway
    Remuneration
    Remuneration Committee Forum
    Richard Foster
    SAA
    SABC
    SA Express
    SAPO
    School Governing Bodies (SGB)
    Service Delivery
    Shareholders
    Sikkie Kajee
    SME Growth
    Social Inequality
    SOEs
    South African Airlines
    South African Airways
    South African Forestry Company
    Stakeholders
    State Capture
    State-owned Enterprises
    State-owned Entities
    Succession Planning
    Sustainability
    Sustainable Development Forum
    The Ethics Institute
    The Institute Of Directors South Africa
    Transnet
    Trends
    Tsakani Maluleke
    UCT
    Vikeshni Vandayar
    Women
    Women's Day
    Zondo Commission

    RSS Feed

CONTACT US

office [at] atthatpoint [dot] co [dot] za
© COPYRIGHT 2025
ALL RIGHTS RESERVED
  • home
  • our story
  • our services
  • your resources
  • SA Industry News