Abstract
This article investigates corporate governance reform in South Africa in the context of the country’s international links with Anglo-American corporate governance and domestic pursuit of socioeconomic development. Two key questions are evaluated. (a) How has divergence within the Anglo-American model influenced corporate governance reform in South Africa? (b) Can South Africa’s historical closeness to the Anglo-American model be combined with increasing attention to stakeholder issues to produce a hybrid “African model” of corporate governance? Evaluating these questions, the following issues are explored in turn: the contrast between shareholder and stakeholder models, divergence between U.S. and U.K. approaches to corporate governance as exemplified by Sarbanes-Oxley, locating a South African approach in context of the Anglo-American model, the King reports and an emerging “African” model of corporate governance, and the role of international and domestic factors in shaping South Africa’s ongoing reform process.
Original language | English |
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Pages (from-to) | 647-673 |
Number of pages | 27 |
Journal | Business & Society |
Volume | 50 |
Issue number | 4 |
Early online date | 18 Feb 2009 |
DOIs | |
Publication status | Published - Dec 2011 |
ASJC Scopus subject areas
- Social Sciences (miscellaneous)
- Business, Management and Accounting (miscellaneous)