The word ‘diplomacy’ may conjure many thoughts; and certainly the manner in which it is applied today may not be that different in our rapidly changing world, as compared to times gone by.
The modern day worker cannot be deceived with promises of quick and easy solutions and a perfect world. The challenges we face at work are multidimensional.
There are many reasons why organisations across the globe are paying more attention to the practice of arbitration.
There’s a proverb that says, “what’s sauce for the goose is sauce for the gander” - this expression can also generally be interpreted to mean “what’s good for the male is also good for the female.”
Whilst the UK Bribery Act 2010 (‘the Act’) came into effect in July 2011 in the UK and repeals all other anti-bribery legislation in the UK, there are numerous implications the Act may have upon South African companies and its impacts could be felt far and wide, says Terry Booysen, CEO of CGF Research Institute (Pty) Ltd.
The world could learn a few lessons through the actions taken by the United States, considering the manner in which they have taken concrete steps against bribery and corruption.
It sounds like some wonderful advertisement; experience teaches us when an offer ‘sounds too good to be true’, there’s usually some sinister catch behind it.
More organisations are beginning to realise that their ability to produce an annual Integrated Report -- as recommended by the King Report on Governance for South Africa 2009 (King III) -- is not as simple as they may have first believed.
One of the biggest oversights found in many organisations is that they generally do not factor their Human Capital risks, neither integrate these risks within the overall risks of the organisation.
Considering the heightened awareness of governance reporting
and the increased accountability
attached to directors; so much has changed for business leaders since the collapse of Enron and WorldCom in the United States, the HIH Insurance Group in Australia and Parmalat in Italy. Unsurprisingly, South Africa has also had its fair share of corporate failures, most notably those found in the cases of Aurora Mining company, Macmed, Leisurenet, Fidentia and Regal Bank.