How companies can avoid becoming another Steinhoff?
Steinhoff was the biggest governance scandal South Africa has ever seen. But Regulation 28 of the Pension Funds Act, requires trustees to ensure that environment, social and governance factors are built into their fund mandates.
Carl Bates, chief executive of the Sirdar Group, is interviewed by CNBC Africa Power Lunch on
14 March 2018 on how companies can avoid becoming another Steinhoff. The important role that high-performance boards play in supporting privately-held companies and family businesses to avoid ‘Steinhoff scenarios’ is a key takeaway from the conversation.