CORPORATE GOVERNANCE: STAGNATION, SCRUTINY AND THE URGENT NEED FOR DIGITISATION (2025-03-10)

By Terrance M. Booysen (CGF Research Institute: CEO)

Another governance crisis waiting to happen

In recent years, corporate governance has become a hot topic following scandals like Steinhoff, Tongaat Hulett and many others, but despite increased attention, significant and material progress in improving governance practices across organisations remains alarmingly scarce.  Governance frameworks in most organisations continue to be outdated, underdeveloped, and often untested and this leads to recurrent corporate failures and directors being increasingly exposed to personal liability.  Furthermore, the lack of scrutiny and digitised tools to assess governance maturity and performance means that there is no real accountability until it is too late and governance failures are, therefore, likely to persist.