Advertise Here
Icon

Directory

IconAccounting & Tax
IconAccreditation Bodies
IconActuaries
IconAssociations and Institutes
IconAuditors
IconBBBEE Consulting and Verification Agencies
IconBusiness Process Management
IconBusiness Process Outsourcing
IconCompany Secretarial Services
IconCompare Medical Scheme Benefits
IconCompliance
IconConsumer Protection
IconCorporate Governance
IconCredit Bureaus
IconDebit Order Collection Facilities
IconEducation and Training
IconEmergency Medical Rescue
IconExpatriate Cover
IconFAIS
IconHealthcare Consultants
IconHuman Resources
IconInformation Technology and Software Partners
IconLegal
IconManaged Healthcare Service Providers
IconMedical Aid Administrators
IconMedical Aid Schemes
IconMedical Schemes Trustees Liability Insurance
IconMedical Service Providers
IconOmbud
IconPolicy Administration
IconPublications
IconRegulatory Authorities
IconSurveys & Research
IconTraining Courses & Workshops
IconWellness Programs
Advertise Here
  Subscribe To »

NEW APPOINTMENT: CGF’s GOVERNANCE SERVICES STRENGTHENED WITH APPOINTMENT OF TRAVERS CAPE (CA(SA), MBA)

Published

2019

Tue

16

Jul

 

CGF is delighted to welcome Travers Cape as a Lead Independent Consultant to our company.  Travers has acquired a wealth of experience in senior financial management positions and fulfilled various strategic roles within multinational and local businesses.  
 
Being adept at analysing facts, figures and similar detail, Travers will support our clients in the application and verification of their combined assurance processes, including the associated functions that are linked in their annual integrated reports.   
 
The integrated report is a fundamental governance instrument used for keeping an organisation’s stakeholders properly informed of its many enterprise activities, including the organisation’s commitment to the protection of the environment, good corporate citizenship and value creation.   
 
The Integrated Report is one of only a few organisational documents which is required to be made publicly available to stakeholders at large.  As such, it is widely used by stakeholders to assess the performance and future sustainability of an organisation.  It is therefore imperative that this report be transparent and accurate in its disclosure of information.  Regrettably, there are too many instances where this critical governance feedback mechanism is compiled from a solely marketing perspective and is often “disconnected” from the actual strategic, governance and risk management realities experienced by the business.  The fact of the matter is that only the financial statement section of the Integrated Report is actually subjected to external audit; the quality and adequacy of the rest of the information contained in the report is dependent on the board’s willingness to transparently present all the matters which are relevant and which will enable stakeholders to hold the board accountable for their actions (or lack thereof).   
 
In the listed environment, the Integrated Report may be scrutinized by the company’s corporate sponsor for compliance with the disclosure requirements recommended by the King Report on Governance for South Africa 2016.  However, this review does not extend to the verification and validation of any ESG information disclosed in this report. 
 
The Tongaat Hullett governance debacle serves as the latest reminder of the effects and consequences of poor governance. Stakeholders play a pivotal role in the success and even in determining the legitimacy of modern business organisations.  They are therefore entitled to know exactly how these organisations affect their lives, both at a personal and environmental level.  As such, stakeholders are increasingly demanding more, relevant and meaningful information that can withstand external scrutiny. 
 
To ensure a sustainable relationship with its material stakeholders, organisations have a moral obligation to ensure that their reporting (both internal and external) is accurate and complete so that it can facilitate informed decision-making.   
  
It is imperative that: 
 
• key stakeholders have an accurate understanding of the overall governance activities within an organisation, including the ethical principles of its leadership; • timely, transparent and complete reporting is provided to the public at large, which is independently verified and made available via easily accessible platforms such as the organisation’s website; and • the Integrated Report clearly demonstrates how the organisation’s activities are integrated so as to deliver value to the stakeholders, including outlining the ESG risks and opportunities facing the business.  
 
With numerous corporate governance failures occurring in South Africa over the past few years, boards must pay more attention to the contents of the Integrated Report.  The organisation’s lines of defense must be secure and the various levels of assurance must have been properly implemented and tested so that the board can confidently approve the information contained in this important stakeholder communication mechanism.  
 
CGF’s team of experienced governance, risk and compliance (‘GRC’) professionals will assist clients in mapping and reporting all of the organisation’s key governance elements found within its Corporate Governance Framework®.  A properly defined and implemented governance framework will have a profound impact on the organisation’s governance activities and reporting processes.  Expectedly, the work emanating from this team of GRC professionals changes the traditional perspective and behaviour of the board, as well as internal and external audit.  
 

 
About CGF Research Institute (Pty) Ltd: Professional Services 
 
CGF is a Proudly South African, Level 4 B-BBEE compliant company that specialises in corporate governance services and consulting.  The company has developed numerous products and services that address governance, risk and compliance (GRC) matters, all designed to create a high-level awareness and understanding of GRC issues materially impacting the organisation. 
 
Our professional consulting capabilities include the aggregation of local and international best of breed governance reporting and research services and include; 
 
• strategic management consulting, business re-structuring, executive placements, executive coaching, board assessments and evaluation, out-sourced company secretarial functions, facilitation of corporate governance awareness workshops, IT governance through to Enterprise Risk Management (ERM) consulting.   
 
CGF’s services can be tailored to suit large corporates, small and medium-sized businesses as well as stateowned organisations. 
 
To find out more about CGF, its Lead Independent Consultants and Patrons access www.cgf.co.za  or www.corporate-governance.co.za or phone +27 (0)11 476 8264 / 1 
 
Follow CGF on Twitter: @CGFResearch  

 
Source: CGF
 
« Back to previous page Print this page » |
 

Breaking News »

What is the difference between Black Friday and Cyber Monday?

Cyber Monday originated in the US and is a marketing term used for the Monday after Thanksgiving. It was created by retailers to encourage people to shop online. The term was coined by Ellen ...
Read More »

  

Interview with Bright Rock CEO, Schalk Malan about their ground-breaking temporary disability cover

In October 2019 Needs-matched life insurance provider, BrightRock, announced enhancements to their temporary expenses cover. Read More More recently Insurancegateway® Interviewed Schalk Malan to not only ...
Read More »

  

The Importance of an effective online campaign

As we enter the age of the fourth industrial revolution, a technological transformation driven by the internet, it seems almost unthinkable that the web would not be the preferred platform chosen by businesses ...
Read More »

  

Genesis Medical Scheme announces the lowest contribution increase for 2020

Across the private healthcare industry in South Africa, members of medical schemes are bracing themselves for a 10% increase in their 2020 contributions, exceeding the general inflation rate by 4. With average ...
Read More »

 

More News »

Image

Investment »

Image

Life »

Image

Retirement »

Image

Short-term »

Image
Image
Image
Image
Advertise Here

From The Glossary »

Icon

Underwriting Slip:

A written précis of the contract terms and conditions shown to an underwriter when a risk is offered. It is often referred to as a slip.
More Definitions »

 

Advertise

 

eZine

 

Contact IG

 

Media Pack

 

RSS Feeds

By using this website you agree to the Terms of Use.
Copyright © Insurance Gateway (Pty) Ltd 2004 - 2019. All Rights Reserved.