- Title
- The audit committee’s role in preventing corporate governance failure within state owned enterprises
- Creator
- Mbatha, Feziwe
- Subject
- Government business enterprises
- Subject
- Corporate governance -- South Africa
- Subject
- Audit committees -- South Africa
- Date Issued
- 2018
- Date
- 2018
- Type
- Thesis
- Type
- Masters
- Type
- MBA
- Identifier
- http://hdl.handle.net/10948/32311
- Identifier
- vital:32015
- Description
- Widespread reports of the poor governance within the State-Owned Enterprises (SOEs) has proliferated the media in South Africa over recent years. This progressive decline of governance structures has raised varied concerns, most of which are expressed as questions of note. For example, questions exist about the reasons why laws, regulations and policies that aim to ensure effective corporate governance practices have largely been ignored. Secondly, questions exist about the identities of those employees / executives within these enterprises, who are responsible for ensuring that good corporate governance practices are maintained within an organisation. Similarly, there is need to clarify the role of the audit committees in upholding good corporate governance practices within SOEs? This study aims to identify, describe and clarify the role(s) of the audit committee in preventing corporate governance failures within SOEs. A qualitative research methodology was utilised as the basis for collating data to develop an in depth understanding of the audit committee’s oversight responsibility within SOEs. In-depth individual interviews (n=6) were conducted with board members as well as members of the audit committee of a specifically selected SOE that had a history of compromised corporate governance practices and suffered severe financial losses. From the interpretation of the collated data, it was noted that the presence of a strong audit committee enables a more accountable environment that requires senior management to account for their actions openly and transparently. SOEs need to appreciate corporate governance as an asset to a company’s operations rather than as a poorly rationalised compliance requirement.
- Format
- 139 leaves
- Format
- Publisher
- Nelson Mandela University
- Publisher
- Faculty of Business and Economics Sciences
- Language
- English
- Rights
- Nelson Mandela University
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| Thumbnail | File | Description | Size | Format | |||
|---|---|---|---|---|---|---|---|
| View Details Download | SOURCE1 | FEZIWE MBATHA.pdf | 1 MB | Adobe Acrobat PDF | View Details Download |