A win-win situation in workplace participation by means of employee share ownership scheme
- Authors: Mazibuko, Noxolo Ellen
- Subjects: Employee ownership -- South Africa , Employee stock options -- South Africa
- Language: English
- Type: text , Lectures
- Identifier: http://hdl.handle.net/10948/21877 , vital:29797
- Description: This paper outlines the concept of Employee Share Ownership Participation Schemes known as ESOPs. An ESOP is not a simple concept and briefly entails that through ESOPs shares are made available to all employees who wish to participate in company decision-making and the company helps them to obtain the shares. South African share schemes are linked to economic empowerment. Some researchers emphasize that ESOPs in particular, hold the promise that employees will develop a sense of loyalty to their company because their material interest will coincide with those of the company (Maller, 1987; and Ottinger, 2008).
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Instruments available to the public to assess audit quality
- Authors: Prinsloo, Frans
- Subjects: Auditing -- South Africa , Quality control -- Auditing , f-sa
- Language: English
- Type: text , Lectures
- Identifier: http://hdl.handle.net/10948/21928 , vital:29802
- Description: With the separation of ownership from day-to-day management that began to characterise many businesses following the industrial revolution, concern arose whether the day-to-day management (as agents) would bias information flows to the business owners (as principals) in order to enhance, say, their remuneration and their reputations as managers (AQF, 2005a: 6). To address these concerns, business owners require mechanisms, such as the external audit, to enable the effective assessment of the stewardship of the agents. Currently the role of the external auditor is to express an opinion on the fair representation of the annual financial statements prepared by management for the business owners.
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