Unit for Corporate Governance in Africa
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Unit for Corporate Governance in Africa
Global rankings in democracy and governance usually position African countries towards the bottom of the scale on both accounts, and this is often used to explain the continent’s lack of development and inability to attract foreign investment.
The Unit for Corporate Governance in Africa (UCGA) of the University of Stellenbosch Business School (USB) believes that good governance is the key to achieving a brighter African future. It is focussing on research-based activities to explore the link between governance, democracy and sustainability.
The UCGA has made significant contributions to the theory and practice of good governance. Milestones include a major new work in the field sustainability reporting, Carrots and Sticks – Promoting transparency and sustainability, in collaboration with KPMG, the UN Environment Programme (Unep) and the Global Reporting Initiative (GRI).
The Unit developed the PIC Corporate Governance Rating Matrix, a new system of rating listed companies on the Johannesburg Stock Exchange (JSE) for the Public Investment Corporation (PIC), the largest fund manager in South Africa. The UCGA will be conducting research on anti-corruption initiatives in Africa destined for the UN Global Compact, the world’s largest voluntary corporate citizenship initiative. In 2009, the Unit held a case study competition with the aim of getting research material on corporate governance from the African continent.
This resulted in 10 African case studies being developed, which are available for download free of charge on the UCGA’s website, at
http://www.governance.usb.ac.za.