Sign In

Governance in State Owned Companies

The Centre for Corporate Governance in Africa has identified the need to improve corporate governance standards for State-Owned Companies (SOCs) as a focus area.  This area is managed by our senior research fellow, Lynn McGregor.

Applied research and the application of an SOC Ratings Matrix can help SOC boards to upgrade their performance and to be more effective with government and other shareholders. The Centre can provide high-level specialist knowledge required for each board, as well as government ministers and heads of departments who are interested in more effective corporate governance.

Lynn McGregor has done in-depth research into corporate governance relationships between government, boards and executives. A selection of her research can be found below:

For more information, contact​



What is the link between the health of a company's bottom line and the health of its employees?

Dr Daniel Malan, director of USB's Centre for Corporate Governance in Africa, is one of the co-authors of the article titled Corporate Health and Wellness and the Financial Bottom Line: Evidence from South Africa, which was published in the February 2016 edition of the Journal of Occupational and Environmental Medicine (JOEM) in the USA. The other authors are USB's Prof Eon Smit and USB MBA alumnus Christina Conradie. The article is about corporate wellness and the link with financial performance in a South African context. The key finding of the article is that there is a positive correlation between the health and wellness programmes of organisations and their financial performance. The research comprised an assessment of the share price performance of ten listed SA companies included in the Discovery Healthy Company Index. The share price performance of these companies outperformed the JSE All Share Index by at least 5% per annum over a ten-year period. Read JOEM article here​

Enrol now for Africa Directors Programme

3 modules of 3 days each, spread over first half of 2016
Lanzerac Wine Estate, Stellenbosch, Cape Town, South Africa

This learning pathway will help directors to govern with purpose, confidence and skill. This programme will therefore equip participants to exercise the duties of a director with self-awareness, professionalism and sound judgement, to oversee public accountability for sustainable and responsible business development, and to exercise effective board leadership in matters of corporate conformance, performance, strategy and risk management. The programme is presented by USB Executive Development Ltd (USB-ED), USB's Africa Centre for Corporate Governance, the Institute of Directors, Old Mutual Investment Group and the INSEAD Corporate Governance Initiative​​. Read more​

​USB's Daniel Malan attended UN Private Sector Forum in New York

Daniel Malan at UN Private Sector Forum New York 26 Sept 2015.jpg

From left: Norman Arruda, President: ISAE Fundacao Getulio Vargas; Jonas Haertle, Head: UN PRME secretariat; Julia Christensen Hughes, Dean: College of Business and Economics, University of Guelph; Lourdes Dieck, Dean: EGADE Business School, Tec de Monterrey; and Daniel Malan, Director: Centre for Corporate Governance in Africa, University of Stellenbosch Business School​

At the recent launch of the new Sustainable Development Goals (SDGs) in New York, UN Secretary-General Ban Ki-moon hosted the United Nations Private Sector Forum 2015, which focused on the role of the private sector in implementing the SDGs. Speakers included Angela Merkel (German Chancellor), Mark Zuckerberg (Facebook CEO) and Bono (lead singer of U2 and co-founder of ONE).  The invitation-only event was attended by some 350 representatives from the private sector, public sector and civil society. USB was represented by Daniel Malan, Director: Centre for Corporate Governance in Africa and member of the UN Principles for Responsible Management Education's Anti-Corruption Working Group.  He was asked to be a rapporteur at a small-group discussion on anti-corruption. According to Malan, it was a privilege to attend this historic gathering: "The SDGs have been criticised for over-complicating the sustainable development agenda, and with 17 goals and 169 targets many companies will agree. However, the challenge for companies will be to identify those goals that are relevant in a particular context, and to partner with the public sector and civil society to make a difference at the local level." He was also encouraged by the acknowledgement of the importance of management education to advance the SDGs: "The head of PRME, Jonas Haertle, convened a meeting of the PRME schools who were present at the event, and USB has been invited to participate in these discussions moving forward. At the same time we will continue our involvement with the Anti-Corruption Working Group."​

​Meet new research analyst at Centre

Khanya photoMs Khanya Mncwabe has joined the Centre for Corporate Governance in Africa as a research analyst. Ms Mncwabe will work with the Centre from 1 September 2015 to 31 August 2016, where she will support the World Economic Forum's New Social Covenant project. She joins the Centre from the Business & Human Rights Resource Centre, where she was a researcher and representative for Anglophone Southern and Western Africa.

New report launched: Ethics and Compliance Risk Survey 2014

USB's Centre for Corporate Governance in Africa has compiled a report titled Ethics and Compliance Risk Survey 2014. The report covers ethical and compliance risks faced by South African companies with operations in SADC countries. This research, which was based on responses from 26 JSE-listed companies, was sponsored by the Hanns Seidel Foundation, Siemens, Commerzbank and EY. Click here for full report.

Launch of new platform for the accounting community: Materialitytracker

During the GRI Regional Conference in Johannesburg the week of 11 May, the University of Stellenbosch Business School's Centre for Corporate Governance in South Africa co-launched an international knowledge platform to bridge the gap between the sustainability accounting and financial accounting professions. Materialitytracker shows how the professions define "value" and "materiality", adding best practice examples of global industry leaders. It compares the requirements of among others the Global Reporting Initiative, International Integrated Reporting Council and International Accounting Standards Board for determining materiality. It also considers what financial and sustainability thresholds can best be applied to address issues such as climate change. At the GRI Conference, the Centre's senior research fellow Cornis van der Lugt introduced the platform while presenting a Master Class on Materiality to business participants from Africa and beyond. For more, see:

USB's Daniel Malan appointed as a consultant to the WEF

Daniel Malan, senior lecturer and director of the Centre for Corporate Governance in Africa at USB, has been appointed as a consultant to the World Economic Forum (WEF). He will focus specifically on the WEF's New Social Covenant project. According to Malan, the World Economic Forum's work provides a global perspective on the value of values in a business environment. He has also been a member of the WEF's Global Agenda Council on Values since 2011. Malan is currently completing his PhD titled Integrative Social Contracts Theory and the United Nations Global Compact: A South African Perspective.

Daniel Malan presents paper at Wharton School, USA

On 18 October 2014, USB's Daniel Malan presented a paper - Contracts, Compacts and Covenants: Integrative Social Contracts Theory, the United Nations Global Compact and the World Economic Forum's New Social Covenant - at a conference at The Wharton School, University of Pennsylvania, USA. The theme of the conference was Normative business ethics in a global economy: New directions in Donaldsonian themes. Click here to read Daniel Malan's presentation.



Meet the Team Centre for Corporate Governance in AfricaCorporate Governance Officer+27 (0)21 918 4381 Centre for Corporate Governance in Africa+27 (0)21 918 4342 Ethics, Corporate governance, Business Environment der LugtCornisSenior Research Fellow Research Research Research Research Research