Passez à l'illimité avec Magzter GOLD
Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement
Essayer OR - Gratuit
The governance triad: why board, chair and CEO alignment determines success
Cape Times
|May 20, 2025
CORPORATE governance hinges on a delicate triangle: the board, the board chairperson (chair) and the CEO. When in harmony, this dynamic provides clear roles and decisive accountability. When strained, it breeds confusion, factionalism and failure.
Good governance requires clear roles and mutual trust. The board oversees strategy; the CEO manages operations. King IV Principle 7 mandates the board to appoint the CEO, ensuring alignment with strategy and ethical culture, and guarding against external interference.
The board chair's role is pivotal in balancing support and oversight of the CEO. How the chair and CEO relate shapes the board's culture and success. If the chair and CEO are openly at odds, the board and management can splinter into camps and erode trust.
Clarity, unity and open communication define healthy governance. When present, organisations navigate challenges with accountability. When absent, chaos often follows.
FirstRand exemplifies collegial leadership and forward-looking succession planning. Long before its CEO's planned departure, the board and CEO collaborated on a multi-year plan to ensure continuity.
Alan Pullinger, the former CEO, signalled his intended time horizon early, enabling the board to anchor succession planning well in advance. Consequently, Mary Vilakazi was identified and developed as his successor.
The result: a smooth, seamless process, with Vilakazi ready to take the helm, and a leadership transition executed in a collegiate and empowering environment aligned with a consistent strategy.
This orderly handover shows how a trust-based board-CEO relationship fosters stability. The board exercised oversight in choosing the new CEO and the outgoing CEO cooperated fully with governance processes.
Markets and stakeholders responded with confidence rather than concern, precisely because the roles and plan were clear.
Cette histoire est tirée de l'édition May 20, 2025 de Cape Times.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Cape Times
Cape Times
Crookes Brothers' profit slips amid lower crop prices and weather challenges
CROOKES Brothers's revenue fell 5% to R492.2 million in the six months to September 30, 2023, while profit fell by 52% to R29.28m mainly due to lower prices for the group's crops.
1 mins
December 01, 2025
Cape Times
‘Not a good look’ - Etzebeth red mars perfect tour
A record-breaking 73-0 win should have been the perfect finale to the Springboks’ November tour, yet the mood soured in Cardiff when Eben Etzebeth was shown a red card — a moment head coach Rassie Erasmus admitted “didn't look good” for the world champions.
2 mins
December 01, 2025
Cape Times
Hands off white South Africans, Trump
DONALD Trump’s obsession with the myth that white people in SA are being targeted, mistreated, killed and property confiscated ad nauseam is not only a malicious lie, it’s designed to draw attention away from the mess in his own backyard where 80% of middle class Americans own a paltry 20% of America’s wealth. Translated, this means that most middle class working Americans are relatively poor and unable to make ends meet. In South Africa whites who make up just 9% of the population own almost 70% of the wealth. Whites own almost 75% of all agricultural land including all farms. The wealthiest 10% of South Africans (mostly white) own 85% of South Africa’s wealth. Factually South African whites are, by far, better off financially than their American counterparts...and this is what galls Donald Trump. There's an old saying that Trump should note....“Don't fix something that's not broken.” The bottom line is that whites in SA are doing just fine and Donald J Trump should focus on fixing the broken sewer in his own backyard.
1 min
December 01, 2025
Cape Times
More than 100 000 gather for national day of prayer as SA confronts unemployment and poverty
THE scourge of gender-based violence, high unemployment, and poverty became a rallying cry for more than 100,000 people from various faith denominations who gathered at the FNB Stadium for the National Day of Prayer yesterday.
2 mins
December 01, 2025
Cape Times
Chile’s migrants seek escape
ALONG Chile’s desert border with Peru, dozens of undocumented migrants line up under the hot sun to try to seek a way out of the country.
1 mins
December 01, 2025
Cape Times
Stormers’ belief grows after landmark URC triumph
THE Stormers are starting to believe they can win anywhere. Their dramatic comeback victory over Munster at Thomond Park — their first ever there in the United Rugby Championship (URC) — has only strengthened that belief.
2 mins
December 01, 2025
Cape Times
Eskom’s profit surges to R24.3bn as recovery plan boosts reliability and investor confidence
SOUTH Africa's state-owned power utility Eskom reported a sharp rise in interim profit on Friday, saying continued execution of its turnaround plan had strengthened both operational stability and financial sustainability, with profit after tax climbing to R24.3 billion in the first six months of its 2026 financial year.
2 mins
December 01, 2025
Cape Times
Quantum Foods reports strong recovery with resumed dividend payments
QUANTUM Foods Holdings strengthened its feed, farming and egg businesses in the year to September 30, while advancing growth opportunities in Africa, the CEO, Adel van der Merwe, said on Friday.
2 mins
December 01, 2025
Cape Times
Govt pushes oil majors to open up fuel infrastructure access
Black traders warn that automatic leases could entrench dominance of access by foreign oil companies
3 mins
December 01, 2025
Cape Times
Thousands protest fraud in Philippines
THOUSANDS marched in the Philippine capital yesterday, demanding jail time for scores of officials, lawmakers and construction firm owners accused of pocketing billions of taxpayer dollars in a sweeping corruption scandal.
2 mins
December 01, 2025
Listen
Translate
Change font size