South Africa: Country Tops Emerging Markets in Corporate Governance Report

by Sanchia Temkin for AllAfrica.com, October 27, 2010.

South Africa has received the top global ranking for its corporate governance disclosure requirements out of 24 emerging markets, says a report by the International Standards of Accounting and Reporting.

This could largely be attributed to SA’s corporate governance doyen Mervyn King, said experts yesterday. He “has been at the forefront of the corporate governance project in SA, which has enjoyed worldwide recognition both with the United Nations (UN) and the World Economic Forum,” said Michael Katz, chairman of corporate law advisers Edward Nathan Sonnenbergs.

The ranking “will provide foreign investors who deal with South African companies with much comfort in that it shows we are attentive to our corporate governance principles”, said Mr Katz (continue reading).

 

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