Skip to main content
Article
Understanding corporate governance reform in South Africa: Anglo-American divergence, the King reports and hybridization
Business & Society (2011)
  • Stefan Andreasson
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 socio-economic development. Two key questions are evaluated. 1) How has divergence within the Anglo-American model influenced corporate governance reform in South Africa? 2) 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 US and UK 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.

Keywords
  • corporate governance,
  • Sarbanes-Oxley,
  • King Report,
  • South Africa
Disciplines
Publication Date
December, 2011
Citation Information
Stefan Andreasson. "Understanding corporate governance reform in South Africa: Anglo-American divergence, the King Reports and hybridization", Business & Society (forthcoming). Available at: http://works.bepress.com/stefan_andreasson/8