The Centre for Corporate Governance in Africa at the
University of Stellenbosch Business School conducts
multi-disciplinary research and offers educational and development
activities to improve the effectiveness of corporate governance in
The Centre focuses on:
- The development of the compliance and performance aspects of
directors' attitudes, knowledge and skills.
- The link between corporate governance, business ethics and
total organisational performance.
The purpose of the Centre is to improve the effectiveness
of corporate governance within African organisations, predominantly
in the private sector.
The vision of the Centre is to be the leading provider of
research and educational services on the African continent in the
area of corporate governance.
The mission of the Centre is to develop both the compliance
and the performance aspects of directors' attitudes, knowledge and
skills, as well as the link between corporate governance, business
ethics and total organisational performance.
Why the need for this Centre?
Corporate failures and the current global financial crisis have
focused the attention on the need for sound corporate governance
and effective ethics programmes. However, the losses incurred by
these high-profile cases are not the only problems. Far more damage
is done in less spectacular fashion through bad decisions made by
directors, not as a result of ill intent, but rather through lack
of training and understanding of the basic values of corporate
governance: honesty, transparency and accountability.
Codes and guidelines such as the King III Report (South Africa),
the Sarbanes-Oxley Act (USA) and the Combined Code (UK) encourage
sound corporate governance, but formal standards are only part of
The Unit for Corporate Governance in Africa was launched at the
USB in July 2007 and is a direct response to the African
continent's need for a proper focus on corporate governance through
research, education and development initiatives. In 2011 the Unit
became the Centre for Corporate Governance in Africa.