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Professional education vital for directors if firms are to prosper

Professional education vital for directors if firms are to prosper
By
Parmi Natesan and Prieur du Plessis
MODERN-day directors have a vital but difficult job to do. They will succeed only if they have the right directorial skills and keep those up to date.
One just has to open any news site these days to read about some or other corporate/financial/governance failure involving public and private sectors alike.
Many internal and external factors are involved when an organisation runs into headwinds, but one can confidently state that a common thread is a board that is performing below par. ....

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We've found no evidence of fraud, maladministration alleged by Holomisa - DBSA CEO

Tebogo Letsie, City Press
The DBSA says it has an external investigator has concluded the probe to allegations raised by Bantu Holomisa.
It says there was no evidence of impropriety or lending to politically connected people.
The bank is yet to share the investigator s report with Parliament.
The Development Bank of Southern Africa (DBSA) says it has completed investigations that found no evidence of corruption, maladministration or any wrongdoing in the appointment of its board, nor in transactions flagged by UDM leader Bantu Holomisa.
The development finance bank appeared before the Parliament s Standing Committee on Public Accounts (Scopa) on Tuesday and told the MPs that they premised the allegations made by Holomisa on incomplete and inaccurate information . ....

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Red Cross at war with itself

Gemma Ritchie and Irwin Manoim
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Bitter legal disputes among past and present directors of the Red Cross continue to disrupt the organisation, more than two years after the sacking of the entire board.
The biggest international donor, who said he no longer trusts the organisation, has terminated his involvement, leading to the collapse of a major HIV project.
A new regime has attempted to refocus the organisation, but faces pushback from Red Cross veterans who claim victimisation.
On the centenary of its founding in 1921, the South African Red Cross Society (SARCS) is beset by internal struggles going back years, which have pitted close colleagues against one another, caused the collapse of key projects, the sacking of senior executives and the withdrawal of millions of rands in donor money. ....

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SA Red Cross at war with itself

SA Red Cross at war with itself
dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.

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