Article issued by CGF Research Institute and the International Federation of Business and Professional Women (South Africa)

Gone are the days when the rights of women were restricted, and they were relegated to ‘second class citizens’, expected only to tend to the domestic chores around their home and taking care of their children.  With the abolishment of various draconian laws and abandonment of certain male dominant perceptions regarding the role of women in leadership -- increasingly -- we are experiencing the positive effects women bring to business, sport, politics and religion.  In a modern business world, which espouses the values of fairness and equality, it is essential that past prejudices against women’s abilities to lead and rule is eradicated and that key leadership positions are filled by women who have the skills, ability and appropriate credentials which are not pre-determined by gender issues.  Moreover, and particularly due to the fast pace of change in business and its competitiveness, employees generally require a lot more motivation and inspiration from their leaders in order to achieve their targets for success than previously.

Interestingly, such motivation does not generally come from male leaders who may tend to be more dogmatic in their leadership style and approach.  Predictably, most women leaders tend to be able to inspire their followers to achieve the required successes through their three basic leadership attributes, these being; motivation, reward and commitment. Considering these qualities are found amongst most women in leadership positions, and also that they tend to choose a particular course of action (or career) over a longer period than their male counterparts, one wonders why there are not more women placed in leadership roles where they can influence, and cause positive change in our society?   Further, it is admitted that women leaders are "more likely to be transformational leaders, defined as those who serve as role models, mentor and empower workers and encourage innovation even when the organisation they lead is generally successful" (Evanston, 2005).  In light of the importance that is attached to the role of women in corporate leadership (amongst their other positions), CGF Research Institute is proud to be strategically aligned to the largest international businesswomen’s network in the world, namely the International Federation of Business and Professional Women (BPW International).  BPW (SA) is the premier business network for women who want the professional edge.

Article issued by CGF Research Institute and Human Capital Institute Africa

In order to remain competitive, modern day companies understand the critical importance and value attached to their ability to rapidly adapt their strategy and operations in a changing business environment.  A variety of academic studies have concluded that volatility within companies has increased between two and four-fold from the 1970’s to the 1990’s. To illustrate the point of change and adaption -- more so in the context of people and technology -- one only needs to consider the infamous Moores Law of 1965, predicting that the number of transistors on a chip would double about every two years, whilst the cost of the chip would halve.  Indeed this prediction of change has proved to be true time and again, with massive implications on companies, their employees and humanity at large.

Similarly, the past decades have witnessed changes regarding the manner in which companies deal with their human capital.  Amongst other, business owners and their management have become more closely aligned, technology has improved employee outputs, labour and working conditions have generally become more civil and companies are increasingly being called to provide integrated reports regarding their triple bottom line to extend the company’s spectrum of values. For a company to be able to prosper through these types of changes -- and particularly in a turbulent market -- their strategic plans and operational activities will require agility in order to quickly adapt for competitive advantage.  Clearly the increasing business complexities require a special breed of leadership, supported by talented management with appropriate skills to adapt to, and navigate the company through, ‘unchartered territories’.  Whilst many more corporations will undoubtedly falter due to inept leadership, inflexible strategies or scant governance decisions; those who underpin their structures with credible and appropriately skilled people, may well find themselves being catapulted ahead of their competitors.

Article issued by CGF Research Institute

For the years that CGF Research Institute (Pty) Ltd has been involved in the research, compilation and distribution of a wide range of governance related reports, so too have we recognised the critical need to provide companies a pragmatic understanding of the manner in which they should deal with the resultant changes which may be required.  So often -- and mostly through a lack of understanding -- companies will have a ‘knee jerk’ reaction and believe that achieving a state of compliance to good governance business practices, requires “all the boxes of governance to be ticked”.  This approach to ‘good governance’ is certainly questionable, particularly when companies do not apply their minds to addressing the issues for sound governance which is addressed in a meaningful and practical way.  Indeed many companies in South Africa complain about the excessive regime and burdening regulations placed upon their businesses, and that it is becoming more difficult to run their businesses efficiently.  Of course the laws must be observed and adhered to.  However it is important to remember that companies are mostly established to provide employment and  make money and even though they are doing these both legally and ethically, many businesses are experiencing increased difficulties staying afloat; mostly due to the increased burdens associated with legal and labour related issues.

Where companies and their leadership become frantic regarding the most appropriate manner to address their governance issues, they may be inclined to either over-react, or conversely not place a high priority on the topic.  In either of these extreme examples, this could lead to the company not prioritising the wide ranging disciplines of sound business principles as an underlying philosophy and practice within their strategy and forward direction.  Disregarding these basic building blocks of good governance within the company’s ethos will almost certainly end in disaster, both for the company and of course their directors in terms of their attached liabilities.

Article issued by CGF Research Institute and Executives Online

Since the release of the King Report on Governance for South Africa 2009 (King III) in March 2010, companies should know the standards of skill, ability and performance expected of directors.  When the prerequisite criteria are lacking from directors, or haphazardly applied, severe forms of penalties can be applied against the company and it’s failing directors.  And so it is not a surprise, particularly given the many examples of failed corporations -- exacerbated by corporate greed -- that some companies have taken to produce various forms of internal polices to guide their leadership in terms of considered good business practices and benchmarking.  One of the most recognised and recent Governance Codes is the King III Report, however there are other codes across the globe who equally espouse ethical business practices which include the Turnbull Report (UK:1999), the Codex (Germany: 2002) and the Higgs & Smith Reports (UK: 2003).

Common to all these governance codes is the need for companies and their leadership to not only exercise effective leadership, good corporate citizenship and sustainability; but indeed that these requirements of companies be evaluated to determine that they are living up to their commitments.  Achieving this will require, amongst other issues, a great team of directors who are knowledgeable, skilled and share a similar ‘chemistry’ found within sound corporate governance principles and practices.

There’s no doubt the axiom ‘dynamite comes in small packages’ holds true for CGF Research Institute (Pty) Ltd and its growing team of dedicated employees, who have established a strong market presence in the area of governance, risk and compliance reporting.  The company has been in operation since March 2004 and has seen a steadily growing customer base, with strong business strategic alliances.

Expectedly -- and within the arena of corporate governance matters -- CGF is placed in a position to assist its clients to making some very important, and often strategic decisions wherein governance issues are raised.  In this regard, whilst CGF is cited as a leading governance research establishment, there are times when the most well researched material cannot provide the answers sought after by our member clients and partners.  This is typically when one needs to apply the ‘old fashioned brain’ approach, which somehow still manages to override the most complex computer systems.  It is in this vein that CGF attaches its value to the loyal support of our Honorary and Corporate Patrons, each who play a special role within CGF and serve in an advisory capacity when called upon by CGF’s executive management.

Accordingly, we are delighted to announce that the well-known investigative journalist, Ms Devi Sankaree Govender has accepted an Honorary Patron role within CGF, and who joins the ranks of Professor Shirley Zinn and Dr Mathews Phosa.  Devi is certainly no stranger in the media, and whilst she has been a familiar face on M-Net’s award winning investigative programme, Carte Blanche, we are certain to receive much assistance regarding her invaluable business insights and experience which will bring a new and dynamic dimension to CGF’s business of governance desktop reporting.

Advertorial by CGF Research Institute

Whilst a lot of dedication and self belief are required to establish a vibrant business, many people have no idea about the personal sacrifices made by those budding start-up entrepreneurs to ensure that their business dreams become a reality, and that the enterprises they begin are profitable and sustainable.

We are delighted to announce that CGF Research Institute (Pty) Ltd has become a "friend" of the MAD Foundation which was established in 2003, and is chaired by Francois Pienaar. MAD gives academically talented youngsters from less fortunate backgrounds an exceptional educational opportunity to reach their full potential as leaders and role models in South African society. 

About MAD

The Make a Difference (MAD) Foundation is a South African based charity organisation which seeks to develop a select cadre of high performance individuals who can be active role models and inspire others, as well as support each other in the future.  MAD’s eventual aim is to create an alumni group of MAD beneficiaries who create positive change in an emerging democracy.

It is generally understood that the success of a company cannot entirely depend upon one single individual, notwithstanding the fact that an ingenious idea, ultimately leading to the company’s success, may originally have been ‘birthed’ from only one person.  The axiom that “no man is an island to himself”, truly resonates and for a company to achieve success, it requires a collective effort of a team of people who support and share a common vision.  Equally, a company needs to be supported by the community in which it operates, and without the support of all the connected stakeholders, both young and old, the company is doomed to certain failure.

In this vein the world has embarked upon a united vision for good governance, where companies are increasingly expected to report on their commitment to People, the Planet and the manner in which Profit is derived.  Typically called PPP, according to the King Code for Governance in South Africa (King III), locally based companies will be expected to report on these areas as an integral, integrated component of their business.  The first leg of PPP, namely the People component is where many companies are beginning to focus their attention, not just locally, but indeed worldwide.  And its not just about the adults that companies are concerning themselves about -- it’s the children too, indeed the very people who are our future and are now being enlightened at an early age about good governance practices.  Supporting these types of initiatives, is an organization such as Artech, a Japanese non-profit, non-governmental organization who is responsible for assisting children -- who represent 20% of the world’s population between 10 and 19 -- to understand the impact both their and the adults’ actions have upon the world’s environment.  The Kid’s ISO 14000 programme follows on the back of the World Summit on Sustainable Development in Johannesburg 2002, where the United Nations announced plans to launch the ‘Decade of Education for Sustainable Development’ for 2005-2015.

read more ...

see more ... 

The issue of Governance, Risk and Compliance (GRC) is becoming increasingly topical. This is largely due to the plethora of legislative changes that affect almost all companies in South Africa; the requirements it places on organisations, as well as an increased demand from informed citizens that companies, too, should demonstrate their commitment to good governance – and be “good corporate citizens”.  The Proudly South African Campaign is promoting good governance, notably through its strategic partnership with CGF Research Institute (Pty) Ltd and Spescom’s Silver Patronage with the organisation.

CGF Research Institute (Pty) Ltd enjoys the patronage of leading South African organisations.  It has authored a comprehensive Corporate Governance Body of Knowledge, a Web-based application that provides organisations with Governance, Risk and Compliance related information. This Body of Knowledge assists organisations to comply and ultimately adhere to good corporate governance, an essential element of sustainable business practice.

The Proudly South African Campaign and member company CGF Research Institute (Pty) Ltd’s commitment to the promotion of good governance amongst South African institutions and businesses, has received a tremendous boost through the latter’s strategic alliance with ContinuitySA (Pty) Ltd which will extend the reach of CGF’s comprehensive Corporate Governance Body of Knowledge throughout ContinuitySA’s supply chain, at an affordable, greatly reduced rate.

All parties agree that the approach to make this increasingly important resource available to both suppliers and customers within the ContinuitySA supply chain makes great sense due to the interdependence of all the elements in any supply chain. “It can be likened to the proverbial strengthening of the weakest link, which ensures a stronger whole”, says Terry Booysen, CEO of CGF Research Institute (Pty) Ltd. “This is exactly why we greatly value the initiative of our Platinum Patron, ContinuitySA, to extend the benefits they derive from our partnership to all businesses and participants in their supply chain”, says Booysen.

Mitigating risk and ensuring good corporate governance is a critical function that must not only be seen to be practiced by the company itself, but indeed it should also be practiced within the company’s supply chain too.   With the new laws due to come into effect next year, such as the Consumer Protection Act and the Competitions Act -- not to mention regulations like King III -- corporate governance has steadily become a business imperative and the foundation upon which may rest the decision to engage in business with potential partners or not.  Ignoring poor business behaviour and required risk management disciplines within any business operation, is simply irresponsible and will soon be unlawful.

As part of its goal to support compliance, risk mitigation and good corporate governance practices within its own organisation, Spescom Limited recently became a Silver Patron of the CGF Research Institute (Pty) Ltd, the local authorities on the subject. Spescom will now be leveraging this relationship to help strengthen its supply chain and assist its customers, by offering both suppliers and customers the ability to access CGF’s services without paying the usual R90 000 sign up fee.

In July 2009, ContinuitySA (Pty) Ltd (CSA) announced its alliance with the Corporate Governance Framework (CGF) Research Institute (Pty) Ltd as a Platinum Patron.  The strategic alliance is regarded as key to both companies, given the ever changing governance, risk and compliance (GRC) landscape in which their companies operate. Says Derek Taylor, Business Development Manager of CSA, “Globally, corporate governance has emerged as a discipline that needs to be thoroughly understood by the entire business community and the subject needs to be elevated from the boardroom -- through the company -- and indeed to the company’s entire supply chain.”

As South Africa’s leading Business Continuity Management (BCM) service provider, we understand the importance of sound risk management and the role it plays in good corporate governance.  Businesses today operate through multi-level and complex systems that comprise of materials, goods, information, money and are most often linked by physical transport, distribution networks, national and international communications and physical infrastructure.  Accordingly, the Business Continuity Management discipline focuses on three key areas of operational risk namely; people, technology and processes.  And a disruption to any of these key areas could lead to the organisation’s demise.

The axiom - "changes in life" - are the only constant known factors that ring true in the minds of so many South Africans today.
Only 15 years ago, our country was deprived of a true democracy - hundreds of thousands of people were denied their basic rights to life that was free and fair - many black people had no say regarding the outcome of their enslaved lives, neither protection from a government that dictated law and regulation to oppress the poorest of poor.  Indeed, whilst some countries in the world stood by and silently condoned the behaviour of a corrupt government, many others rallied support against the oppressed people of South Africa and applied tough economic and diplomatic sanctions as a means to protest against the unruly behaviour of South Africa's past undemocratic government which was rife for so many years.  This "tough love" was the world's manner of showing its disapproval for the poor governance and lack of accountability that prevailed.

CGF Research Institute (Pty) Ltd has made a name for itself, since its inception in March 2004, as an organisation that is serious about causing change in the mindsets of business leaders when it comes to matters associated with good corporate governance. In so many instances, the words “good governance” quickly slips off the tongue from directors who may not fully appreciate the full impact and meaning, not least the underlying governance complexities associated to their businesses. In this regard, CGF goes about its daily tasks to assist business leaders understand the broader context of the topic and that the governance process is not culminated in a single event. Good business governance and its practices requires - as a process - a renewed understanding of business that is conducted fairly, business which is unencumbered by hidden agendas and the people who drive the business must be willing to accept their responsibility when things go wrong. These business values can only be found amongst leaders who, at their fundamental roots, are solid honest individuals - they have a heart, mind and soul which care for the greater good of the society in which they conduct the affairs of their business.

Spescom Limited, a JSE-listed provider of business communication solutions, has become a Silver Patron of the Corporate Governance Framework (CGF) Research Institute, a provider of governance, risk and compliance reporting and advisory services. Through the strategic alliance, important governance, risk and compliance related information is transferred from CGF to Spescom’s five divisions, thereby assisting Spescom to stay abreast of important governance related issues whilst also, in the process, benefitting Spescom’s customers.

Says Jene Palmer, CEO of Spescom Limited: “Communication is a critical component of business. Daily interactions with staff, customers, suppliers and partners are essential to the operations, administration and management of an organisation. However, new technologies and interaction methodologies are exposing the enterprise to ever increasing risks. A greater reliance on voice interactions has become manifest; enhancing the quality of these interactions and mitigating the risks they introduce, as well as optimising their value to the business - these issues have become a fundamental requirement.”

Spescom Limited has established a strategic partnership with the Corporate Governance Framework (CGF) Research Institute.  The strategic alliance is regarded as key for both companies, particularly given the increased requirements to mitigate risk within the changing governance landscape and imminent regulatory compliance legislation expected to be implemented over the next few years.  Spescom provides the technology, expertise and the innovation necessary to transform basic connectivity into flexible and scalable business communication platforms that deliver competitive and strategic advantage.  Says Jene Palmer, CEO of Spescom, “South Africans are coming to grips with the effect of the latest piece of compliance legislation - that of mobile phone SIM card registration. But what most people do not realise is that this is only the tip of the iceberg. Other changes to legislation such as the new Companies Act and the Regulation of Interception of Communications and Provision of Communication-Related Information Act (RICA), amongst others will affect many local businesses.  The impending application of King III, in particular, will change the way that businesses manage risk for good.”

ContinuitySA (Pty) Ltd (CSA) is proud to announce its alliance to the Corporate Governance Framework (CGF) Research Institute as a Platinum Patron.  Our strategic alliance is regarded as key to both parties given the ever changing governance, risk and compliance (GRC) landscape in which the companies operate.  Within the GRC landscape, it is becoming increasingly necessary for companies to recognise the critical importance of ensuring that their business can withstand any form of disruption and that the continuity of the business is not threatened. Business Continuity Management (BCM) has become an essential component within a company’s strategic and risk management plans - by incorporating BCM within a company’s operations, it is able to proactively mitigate various risks to ensure its sustainability and future competitiveness.  BCM needs to be practiced - it must take into consideration all aspects of a company’s operational affairs as well as meeting the legislative requirements expected of companies.

Harare — A HIGH-POWERED team of South African Information and Communication Technology experts has been chosen to help restore the trans-border trade relations between Zimbabwe and South Africa through highlighting investment opportunities across north of the Limpopo.
In an exclusive interview, Kenna Consulting Chief Executive, Kelvin Onuoka, said a team of ICT experts from South Africa was inviting relevant stakeholders to participate in rebuilding the Zimbabwean infrastructure.

Among other selected ICT experts from both countries are Zimbabwean Minister of Information and Communication Technology, Nelson Chamisa, Secretary for ICT, Engineer Sam Kundishora, Kenna Consulting CEO Onuoka, Chief Executive for CGF Research Institute, Terry Booysen, Managing Director for Palladium Consultants, Paul Aucaamp and Maxwell Ramutla, the Chief Executive Officer for Afrovation.
Onouka said: "The team is expected to liaise with interested South African companies wishing to invest in Zimbabwe and advise the Zimbabwean ICT ministry on policy matters, Public-Private Partnership models, Corporate Governance best practices and IT solutions.

After numerous collaborations, The Institute for International Research and CGF Research Institute have decided to strengthen their existing relationship by forming a strategic and media partnership. This partnership aims to strengthen and add even more value to cross-industry sectors and professionals who either attend IIR’s conferences or who are already clients or members of CGF Research Institute.

Through this collaboration, IIR and CGF aim to complement their strengths in the market. The two organisations will work closely to promote and grow business development information, specifically in the areas of governance, risk and compliance (GRC).  Furthermore, CGF’s constituents will automatically receive preferential rates for any IIR events they wish to attend which is related to governance, risk and compliance matters.

CGF is proud to be associated with the world class handbooks published by Fleet Street Publications (Pty) Ltd.  These user friendly, jargon-free handbooks are specifically designed to assist companies and their employees to understand and apply the necessary controls and actions required to comply with matters such as, Health & Safety, Practical Guide to Human Resources Management, Labour Law for Managers, Practical Tax and Practical VAT.

Since the inception of CGF Research Institute (Pty) Ltd in March 2004, the company has become well known and recognised as a leader in providing its clients essential information covering Corporate Governance, Risk and Compliance (GRC). CGF produce monthly reports and executive summaries that range from matters such as Reportable Irregularities, IT Governance, Kyoto Protocol, Crime and Corruption, Contracts Management and much more. “The objective within CGF’s reports is to provide our users a simplified account of normally very complex topics. Furthermore, it is imperative that the information contained within each report can be used at both executive and all managerial levels, thereby maximizing the benefits of shared information,” says Terry Booysen, CEO of CGF Research Institute.

Small and Medium Enterprises (SMEs) in South Africa now have access to information on establishing and running their business, thanks to the launch of a Global Business School of Entrepreneurship (GBSE), which was established by the Association of SADC Chambers of Commerce and Industry (ASCCI) and its Global partners.  To this end, CGF Research Institute (Pty) Ltd (CGF) contributed towards the development of the Global SME Business Toolkit by providing a set of corporate governance modules tailored to assist SMEs understand the nuances attached to good governance.

Whilst the age of network computing is well upon us, providing users of personal computers and similar electronic devices access to unlimited information at the press of a button - more specifically information regarding corporate governance and matters pertaining international tax, money laundering and exchange control - has never been easier!  Two well known research companies behind these topics have entered a strategic alliance to make access to this information, off an integrated platform, possible.

Article issued by CGF Research Institute and the International Federation of Business and Professional Women (South Africa)

Gone are the days when the rights of women were restricted, and they were relegated to ‘second class citizens’, expected only to tend to the domestic chores around their home and taking care of their children.  With the abolishment of various draconian laws and abandonment of certain male dominant perceptions regarding the role of women in leadership -- increasingly -- we are experiencing the positive effects women bring to business, sport, politics and religion.  In a modern business world, which espouses the values of fairness and equality, it is essential that past prejudices against women’s abilities to lead and rule is eradicated and that key leadership positions are filled by women who have the skills, ability and appropriate credentials which are not pre-determined by gender issues.  Moreover, and particularly due to the fast pace of change in business and its competitiveness, employees generally require a lot more motivation and inspiration from their leaders in order to achieve their targets for success than previously.

Interestingly, such motivation does not generally come from male leaders who may tend to be more dogmatic in their leadership style and approach.  Predictably, most women leaders tend to be able to inspire their followers to achieve the required successes through their three basic leadership attributes, these being; motivation, reward and commitment. Considering these qualities are found amongst most women in leadership positions, and also that they tend to choose a particular course of action (or career) over a longer period than their male counterparts, one wonders why there are not more women placed in leadership roles where they can influence, and cause positive change in our society?   Further, it is admitted that women leaders are "more likely to be transformational leaders, defined as those who serve as role models, mentor and empower workers and encourage innovation even when the organisation they lead is generally successful" (Evanston, 2005).  In light of the importance that is attached to the role of women in corporate leadership (amongst their other positions), CGF Research Institute is proud to be strategically aligned to the largest international businesswomen’s network in the world, namely the International Federation of Business and Professional Women (BPW International).  BPW (SA) is the premier business network for women who want the professional edge.

Article issued by CGF Research Institute and Human Capital Institute Africa

In order to remain competitive, modern day companies understand the critical importance and value attached to their ability to rapidly adapt their strategy and operations in a changing business environment.  A variety of academic studies have concluded that volatility within companies has increased between two and four-fold from the 1970’s to the 1990’s. To illustrate the point of change and adaption -- more so in the context of people and technology -- one only needs to consider the infamous Moores Law of 1965, predicting that the number of transistors on a chip would double about every two years, whilst the cost of the chip would halve.  Indeed this prediction of change has proved to be true time and again, with massive implications on companies, their employees and humanity at large.

Similarly, the past decades have witnessed changes regarding the manner in which companies deal with their human capital.  Amongst other, business owners and their management have become more closely aligned, technology has improved employee outputs, labour and working conditions have generally become more civil and companies are increasingly being called to provide integrated reports regarding their triple bottom line to extend the company’s spectrum of values. For a company to be able to prosper through these types of changes -- and particularly in a turbulent market -- their strategic plans and operational activities will require agility in order to quickly adapt for competitive advantage.  Clearly the increasing business complexities require a special breed of leadership, supported by talented management with appropriate skills to adapt to, and navigate the company through, ‘unchartered territories’.  Whilst many more corporations will undoubtedly falter due to inept leadership, inflexible strategies or scant governance decisions; those who underpin their structures with credible and appropriately skilled people, may well find themselves being catapulted ahead of their competitors.

Article issued by CGF Research Institute

For the years that CGF Research Institute (Pty) Ltd has been involved in the research, compilation and distribution of a wide range of governance related reports, so too have we recognised the critical need to provide companies a pragmatic understanding of the manner in which they should deal with the resultant changes which may be required.  So often -- and mostly through a lack of understanding -- companies will have a ‘knee jerk’ reaction and believe that achieving a state of compliance to good governance business practices, requires “all the boxes of governance to be ticked”.  This approach to ‘good governance’ is certainly questionable, particularly when companies do not apply their minds to addressing the issues for sound governance which is addressed in a meaningful and practical way.  Indeed many companies in South Africa complain about the excessive regime and burdening regulations placed upon their businesses, and that it is becoming more difficult to run their businesses efficiently.  Of course the laws must be observed and adhered to.  However it is important to remember that companies are mostly established to provide employment and  make money and even though they are doing these both legally and ethically, many businesses are experiencing increased difficulties staying afloat; mostly due to the increased burdens associated with legal and labour related issues.

Where companies and their leadership become frantic regarding the most appropriate manner to address their governance issues, they may be inclined to either over-react, or conversely not place a high priority on the topic.  In either of these extreme examples, this could lead to the company not prioritising the wide ranging disciplines of sound business principles as an underlying philosophy and practice within their strategy and forward direction.  Disregarding these basic building blocks of good governance within the company’s ethos will almost certainly end in disaster, both for the company and of course their directors in terms of their attached liabilities.

Article issued by CGF Research Institute and Executives Online

Since the release of the King Report on Governance for South Africa 2009 (King III) in March 2010, companies should know the standards of skill, ability and performance expected of directors.  When the prerequisite criteria are lacking from directors, or haphazardly applied, severe forms of penalties can be applied against the company and it’s failing directors.  And so it is not a surprise, particularly given the many examples of failed corporations -- exacerbated by corporate greed -- that some companies have taken to produce various forms of internal polices to guide their leadership in terms of considered good business practices and benchmarking.  One of the most recognised and recent Governance Codes is the King III Report, however there are other codes across the globe who equally espouse ethical business practices which include the Turnbull Report (UK:1999), the Codex (Germany: 2002) and the Higgs & Smith Reports (UK: 2003).

Common to all these governance codes is the need for companies and their leadership to not only exercise effective leadership, good corporate citizenship and sustainability; but indeed that these requirements of companies be evaluated to determine that they are living up to their commitments.  Achieving this will require, amongst other issues, a great team of directors who are knowledgeable, skilled and share a similar ‘chemistry’ found within sound corporate governance principles and practices.

There’s no doubt the axiom ‘dynamite comes in small packages’ holds true for CGF Research Institute (Pty) Ltd and its growing team of dedicated employees, who have established a strong market presence in the area of governance, risk and compliance reporting.  The company has been in operation since March 2004 and has seen a steadily growing customer base, with strong business strategic alliances.

Expectedly -- and within the arena of corporate governance matters -- CGF is placed in a position to assist its clients to making some very important, and often strategic decisions wherein governance issues are raised.  In this regard, whilst CGF is cited as a leading governance research establishment, there are times when the most well researched material cannot provide the answers sought after by our member clients and partners.  This is typically when one needs to apply the ‘old fashioned brain’ approach, which somehow still manages to override the most complex computer systems.  It is in this vein that CGF attaches its value to the loyal support of our Honorary and Corporate Patrons, each who play a special role within CGF and serve in an advisory capacity when called upon by CGF’s executive management.

Accordingly, we are delighted to announce that the well-known investigative journalist, Ms Devi Sankaree Govender has accepted an Honorary Patron role within CGF, and who joins the ranks of Professor Shirley Zinn and Dr Mathews Phosa.  Devi is certainly no stranger in the media, and whilst she has been a familiar face on M-Net’s award winning investigative programme, Carte Blanche, we are certain to receive much assistance regarding her invaluable business insights and experience which will bring a new and dynamic dimension to CGF’s business of governance desktop reporting.

Advertorial by CGF Research Institute

Whilst a lot of dedication and self belief are required to establish a vibrant business, many people have no idea about the personal sacrifices made by those budding start-up entrepreneurs to ensure that their business dreams become a reality, and that the enterprises they begin are profitable and sustainable.

We are delighted to announce that CGF Research Institute (Pty) Ltd has become a "friend" of the MAD Foundation which was established in 2003, and is chaired by Francois Pienaar. MAD gives academically talented youngsters from less fortunate backgrounds an exceptional educational opportunity to reach their full potential as leaders and role models in South African society. 

About MAD

The Make a Difference (MAD) Foundation is a South African based charity organisation which seeks to develop a select cadre of high performance individuals who can be active role models and inspire others, as well as support each other in the future.  MAD’s eventual aim is to create an alumni group of MAD beneficiaries who create positive change in an emerging democracy.

It is generally understood that the success of a company cannot entirely depend upon one single individual, notwithstanding the fact that an ingenious idea, ultimately leading to the company’s success, may originally have been ‘birthed’ from only one person.  The axiom that “no man is an island to himself”, truly resonates and for a company to achieve success, it requires a collective effort of a team of people who support and share a common vision.  Equally, a company needs to be supported by the community in which it operates, and without the support of all the connected stakeholders, both young and old, the company is doomed to certain failure.

In this vein the world has embarked upon a united vision for good governance, where companies are increasingly expected to report on their commitment to People, the Planet and the manner in which Profit is derived.  Typically called PPP, according to the King Code for Governance in South Africa (King III), locally based companies will be expected to report on these areas as an integral, integrated component of their business.  The first leg of PPP, namely the People component is where many companies are beginning to focus their attention, not just locally, but indeed worldwide.  And its not just about the adults that companies are concerning themselves about -- it’s the children too, indeed the very people who are our future and are now being enlightened at an early age about good governance practices.  Supporting these types of initiatives, is an organization such as Artech, a Japanese non-profit, non-governmental organization who is responsible for assisting children -- who represent 20% of the world’s population between 10 and 19 -- to understand the impact both their and the adults’ actions have upon the world’s environment.  The Kid’s ISO 14000 programme follows on the back of the World Summit on Sustainable Development in Johannesburg 2002, where the United Nations announced plans to launch the ‘Decade of Education for Sustainable Development’ for 2005-2015.

read more ...

see more ... 

The issue of Governance, Risk and Compliance (GRC) is becoming increasingly topical. This is largely due to the plethora of legislative changes that affect almost all companies in South Africa; the requirements it places on organisations, as well as an increased demand from informed citizens that companies, too, should demonstrate their commitment to good governance – and be “good corporate citizens”.  The Proudly South African Campaign is promoting good governance, notably through its strategic partnership with CGF Research Institute (Pty) Ltd and Spescom’s Silver Patronage with the organisation.

CGF Research Institute (Pty) Ltd enjoys the patronage of leading South African organisations.  It has authored a comprehensive Corporate Governance Body of Knowledge, a Web-based application that provides organisations with Governance, Risk and Compliance related information. This Body of Knowledge assists organisations to comply and ultimately adhere to good corporate governance, an essential element of sustainable business practice.

The Proudly South African Campaign and member company CGF Research Institute (Pty) Ltd’s commitment to the promotion of good governance amongst South African institutions and businesses, has received a tremendous boost through the latter’s strategic alliance with ContinuitySA (Pty) Ltd which will extend the reach of CGF’s comprehensive Corporate Governance Body of Knowledge throughout ContinuitySA’s supply chain, at an affordable, greatly reduced rate.

All parties agree that the approach to make this increasingly important resource available to both suppliers and customers within the ContinuitySA supply chain makes great sense due to the interdependence of all the elements in any supply chain. “It can be likened to the proverbial strengthening of the weakest link, which ensures a stronger whole”, says Terry Booysen, CEO of CGF Research Institute (Pty) Ltd. “This is exactly why we greatly value the initiative of our Platinum Patron, ContinuitySA, to extend the benefits they derive from our partnership to all businesses and participants in their supply chain”, says Booysen.

Mitigating risk and ensuring good corporate governance is a critical function that must not only be seen to be practiced by the company itself, but indeed it should also be practiced within the company’s supply chain too.   With the new laws due to come into effect next year, such as the Consumer Protection Act and the Competitions Act -- not to mention regulations like King III -- corporate governance has steadily become a business imperative and the foundation upon which may rest the decision to engage in business with potential partners or not.  Ignoring poor business behaviour and required risk management disciplines within any business operation, is simply irresponsible and will soon be unlawful.

As part of its goal to support compliance, risk mitigation and good corporate governance practices within its own organisation, Spescom Limited recently became a Silver Patron of the CGF Research Institute (Pty) Ltd, the local authorities on the subject. Spescom will now be leveraging this relationship to help strengthen its supply chain and assist its customers, by offering both suppliers and customers the ability to access CGF’s services without paying the usual R90 000 sign up fee.

In July 2009, ContinuitySA (Pty) Ltd (CSA) announced its alliance with the Corporate Governance Framework (CGF) Research Institute (Pty) Ltd as a Platinum Patron.  The strategic alliance is regarded as key to both companies, given the ever changing governance, risk and compliance (GRC) landscape in which their companies operate. Says Derek Taylor, Business Development Manager of CSA, “Globally, corporate governance has emerged as a discipline that needs to be thoroughly understood by the entire business community and the subject needs to be elevated from the boardroom -- through the company -- and indeed to the company’s entire supply chain.”

As South Africa’s leading Business Continuity Management (BCM) service provider, we understand the importance of sound risk management and the role it plays in good corporate governance.  Businesses today operate through multi-level and complex systems that comprise of materials, goods, information, money and are most often linked by physical transport, distribution networks, national and international communications and physical infrastructure.  Accordingly, the Business Continuity Management discipline focuses on three key areas of operational risk namely; people, technology and processes.  And a disruption to any of these key areas could lead to the organisation’s demise.

The axiom - "changes in life" - are the only constant known factors that ring true in the minds of so many South Africans today.
Only 15 years ago, our country was deprived of a true democracy - hundreds of thousands of people were denied their basic rights to life that was free and fair - many black people had no say regarding the outcome of their enslaved lives, neither protection from a government that dictated law and regulation to oppress the poorest of poor.  Indeed, whilst some countries in the world stood by and silently condoned the behaviour of a corrupt government, many others rallied support against the oppressed people of South Africa and applied tough economic and diplomatic sanctions as a means to protest against the unruly behaviour of South Africa's past undemocratic government which was rife for so many years.  This "tough love" was the world's manner of showing its disapproval for the poor governance and lack of accountability that prevailed.

CGF Research Institute (Pty) Ltd has made a name for itself, since its inception in March 2004, as an organisation that is serious about causing change in the mindsets of business leaders when it comes to matters associated with good corporate governance. In so many instances, the words “good governance” quickly slips off the tongue from directors who may not fully appreciate the full impact and meaning, not least the underlying governance complexities associated to their businesses. In this regard, CGF goes about its daily tasks to assist business leaders understand the broader context of the topic and that the governance process is not culminated in a single event. Good business governance and its practices requires - as a process - a renewed understanding of business that is conducted fairly, business which is unencumbered by hidden agendas and the people who drive the business must be willing to accept their responsibility when things go wrong. These business values can only be found amongst leaders who, at their fundamental roots, are solid honest individuals - they have a heart, mind and soul which care for the greater good of the society in which they conduct the affairs of their business.

Spescom Limited, a JSE-listed provider of business communication solutions, has become a Silver Patron of the Corporate Governance Framework (CGF) Research Institute, a provider of governance, risk and compliance reporting and advisory services. Through the strategic alliance, important governance, risk and compliance related information is transferred from CGF to Spescom’s five divisions, thereby assisting Spescom to stay abreast of important governance related issues whilst also, in the process, benefitting Spescom’s customers.

Says Jene Palmer, CEO of Spescom Limited: “Communication is a critical component of business. Daily interactions with staff, customers, suppliers and partners are essential to the operations, administration and management of an organisation. However, new technologies and interaction methodologies are exposing the enterprise to ever increasing risks. A greater reliance on voice interactions has become manifest; enhancing the quality of these interactions and mitigating the risks they introduce, as well as optimising their value to the business - these issues have become a fundamental requirement.”

Spescom Limited has established a strategic partnership with the Corporate Governance Framework (CGF) Research Institute.  The strategic alliance is regarded as key for both companies, particularly given the increased requirements to mitigate risk within the changing governance landscape and imminent regulatory compliance legislation expected to be implemented over the next few years.  Spescom provides the technology, expertise and the innovation necessary to transform basic connectivity into flexible and scalable business communication platforms that deliver competitive and strategic advantage.  Says Jene Palmer, CEO of Spescom, “South Africans are coming to grips with the effect of the latest piece of compliance legislation - that of mobile phone SIM card registration. But what most people do not realise is that this is only the tip of the iceberg. Other changes to legislation such as the new Companies Act and the Regulation of Interception of Communications and Provision of Communication-Related Information Act (RICA), amongst others will affect many local businesses.  The impending application of King III, in particular, will change the way that businesses manage risk for good.”

ContinuitySA (Pty) Ltd (CSA) is proud to announce its alliance to the Corporate Governance Framework (CGF) Research Institute as a Platinum Patron.  Our strategic alliance is regarded as key to both parties given the ever changing governance, risk and compliance (GRC) landscape in which the companies operate.  Within the GRC landscape, it is becoming increasingly necessary for companies to recognise the critical importance of ensuring that their business can withstand any form of disruption and that the continuity of the business is not threatened. Business Continuity Management (BCM) has become an essential component within a company’s strategic and risk management plans - by incorporating BCM within a company’s operations, it is able to proactively mitigate various risks to ensure its sustainability and future competitiveness.  BCM needs to be practiced - it must take into consideration all aspects of a company’s operational affairs as well as meeting the legislative requirements expected of companies.

Harare — A HIGH-POWERED team of South African Information and Communication Technology experts has been chosen to help restore the trans-border trade relations between Zimbabwe and South Africa through highlighting investment opportunities across north of the Limpopo.
In an exclusive interview, Kenna Consulting Chief Executive, Kelvin Onuoka, said a team of ICT experts from South Africa was inviting relevant stakeholders to participate in rebuilding the Zimbabwean infrastructure.

Among other selected ICT experts from both countries are Zimbabwean Minister of Information and Communication Technology, Nelson Chamisa, Secretary for ICT, Engineer Sam Kundishora, Kenna Consulting CEO Onuoka, Chief Executive for CGF Research Institute, Terry Booysen, Managing Director for Palladium Consultants, Paul Aucaamp and Maxwell Ramutla, the Chief Executive Officer for Afrovation.
Onouka said: "The team is expected to liaise with interested South African companies wishing to invest in Zimbabwe and advise the Zimbabwean ICT ministry on policy matters, Public-Private Partnership models, Corporate Governance best practices and IT solutions.

After numerous collaborations, The Institute for International Research and CGF Research Institute have decided to strengthen their existing relationship by forming a strategic and media partnership. This partnership aims to strengthen and add even more value to cross-industry sectors and professionals who either attend IIR’s conferences or who are already clients or members of CGF Research Institute.

Through this collaboration, IIR and CGF aim to complement their strengths in the market. The two organisations will work closely to promote and grow business development information, specifically in the areas of governance, risk and compliance (GRC).  Furthermore, CGF’s constituents will automatically receive preferential rates for any IIR events they wish to attend which is related to governance, risk and compliance matters.

CGF is proud to be associated with the world class handbooks published by Fleet Street Publications (Pty) Ltd.  These user friendly, jargon-free handbooks are specifically designed to assist companies and their employees to understand and apply the necessary controls and actions required to comply with matters such as, Health & Safety, Practical Guide to Human Resources Management, Labour Law for Managers, Practical Tax and Practical VAT.

Since the inception of CGF Research Institute (Pty) Ltd in March 2004, the company has become well known and recognised as a leader in providing its clients essential information covering Corporate Governance, Risk and Compliance (GRC). CGF produce monthly reports and executive summaries that range from matters such as Reportable Irregularities, IT Governance, Kyoto Protocol, Crime and Corruption, Contracts Management and much more. “The objective within CGF’s reports is to provide our users a simplified account of normally very complex topics. Furthermore, it is imperative that the information contained within each report can be used at both executive and all managerial levels, thereby maximizing the benefits of shared information,” says Terry Booysen, CEO of CGF Research Institute.

Small and Medium Enterprises (SMEs) in South Africa now have access to information on establishing and running their business, thanks to the launch of a Global Business School of Entrepreneurship (GBSE), which was established by the Association of SADC Chambers of Commerce and Industry (ASCCI) and its Global partners.  To this end, CGF Research Institute (Pty) Ltd (CGF) contributed towards the development of the Global SME Business Toolkit by providing a set of corporate governance modules tailored to assist SMEs understand the nuances attached to good governance.

Whilst the age of network computing is well upon us, providing users of personal computers and similar electronic devices access to unlimited information at the press of a button - more specifically information regarding corporate governance and matters pertaining international tax, money laundering and exchange control - has never been easier!  Two well known research companies behind these topics have entered a strategic alliance to make access to this information, off an integrated platform, possible.