Tuesday, October 21

'SA Rates Among Best in Corporate Governance'

SA IS among the best performers in corporate governance in emerging markets, said a report by the Institute of International Finance released on Friday.
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But, he made a series of recommendations for further improvements. These, he said, included encouraging shareholder activism by requiring disclosure of voting records by institutional investors and tightening interpretation and enforcement of mergers and takeover procedures. Baker also suggested revising the Companies Act and adopting accounting standards into law. Enforcement could also be improved by giving more power to regulators through the use of class action suits, he said.

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