Corporate governance practices at higher education institutions in South Africa
South Africa boasts a vibrant higher education sector, with more than a million students enrolled in its higher education institutions. These institutions constitute highly complex organisations, with many and varied stakeholders and with budgets running into hundreds of millions of rands. Sound man...
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| Format: | Article |
| Language: | English |
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AOSIS
2007-10-01
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| Series: | Journal of Economic and Financial Sciences |
| Subjects: | |
| Online Access: | https://jefjournal.org.za/index.php/jef/article/view/363 |
| _version_ | 1823972823833509888 |
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| author | Ben Marx |
| author_facet | Ben Marx |
| author_sort | Ben Marx |
| collection | DOAJ |
| description | South Africa boasts a vibrant higher education sector, with more than a million students enrolled in its higher education institutions. These institutions constitute highly complex organisations, with many and varied stakeholders and with budgets running into hundreds of millions of rands. Sound management and strict adherence to corporate governance principles and practices are essential to the success of these institutions. This will include the establishment of a well-balanced, independent and diligent council, as well as properly constituted and effective sub-committees of council. Of these sub-committees, the audit and finance committees are sure to play a pivotal part in ensuring financial discipline and adherence to sound corporate governance principles and practices. The principal aim of this paper will be to focus on the basic governance-regulatory requirements of higher education institutions in South Africa, and to benchmark these requirements against the corporate governance principles and practices required by King II. |
| first_indexed | 2024-12-18T03:47:13Z |
| format | Article |
| id | doaj.art-6ccc26467f0d45feaed6d8fbf76cb45f |
| institution | Directory Open Access Journal |
| issn | 1995-7076 2312-2803 |
| language | English |
| last_indexed | 2024-12-18T03:47:13Z |
| publishDate | 2007-10-01 |
| publisher | AOSIS |
| record_format | Article |
| series | Journal of Economic and Financial Sciences |
| spelling | doaj.art-6ccc26467f0d45feaed6d8fbf76cb45f2022-12-21T21:22:01ZengAOSISJournal of Economic and Financial Sciences1995-70762312-28032007-10-011210512210.4102/jef.v1i2.363304Corporate governance practices at higher education institutions in South AfricaBen Marx0University of JohannesburgSouth Africa boasts a vibrant higher education sector, with more than a million students enrolled in its higher education institutions. These institutions constitute highly complex organisations, with many and varied stakeholders and with budgets running into hundreds of millions of rands. Sound management and strict adherence to corporate governance principles and practices are essential to the success of these institutions. This will include the establishment of a well-balanced, independent and diligent council, as well as properly constituted and effective sub-committees of council. Of these sub-committees, the audit and finance committees are sure to play a pivotal part in ensuring financial discipline and adherence to sound corporate governance principles and practices. The principal aim of this paper will be to focus on the basic governance-regulatory requirements of higher education institutions in South Africa, and to benchmark these requirements against the corporate governance principles and practices required by King II.https://jefjournal.org.za/index.php/jef/article/view/363higher education institutioncorporate governancehigher education governance structureaudit committeeremuneration committeeexecutive remuneration |
| spellingShingle | Ben Marx Corporate governance practices at higher education institutions in South Africa Journal of Economic and Financial Sciences higher education institution corporate governance higher education governance structure audit committee remuneration committee executive remuneration |
| title | Corporate governance practices at higher education institutions in South Africa |
| title_full | Corporate governance practices at higher education institutions in South Africa |
| title_fullStr | Corporate governance practices at higher education institutions in South Africa |
| title_full_unstemmed | Corporate governance practices at higher education institutions in South Africa |
| title_short | Corporate governance practices at higher education institutions in South Africa |
| title_sort | corporate governance practices at higher education institutions in south africa |
| topic | higher education institution corporate governance higher education governance structure audit committee remuneration committee executive remuneration |
| url | https://jefjournal.org.za/index.php/jef/article/view/363 |
| work_keys_str_mv | AT benmarx corporategovernancepracticesathighereducationinstitutionsinsouthafrica |