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Corporate Governance An Essential Guide for South African Companies Third Edition “Sun Tzu wrote his famous treatise on the Art of War when few people believed that war was an art form. To govern a company is to be human, to interact as part of a team, there will be a leader appointed and you are competing with other similar groups of people. Like war it's a fight for life and death or, in the world of investment funds a constant battle to generate superior returns and attract more investors. To win that battle boards need to be able to think outside the box, not tick a series of boxes. Whilst scientific application of processes may help to satisfy the regulator and social sciences may assist with an understanding of how boards function; corporate governance is above all an art form, like war and diplomacy, requiring the application of judgement, wisdom and experience to the strategic decision making process of a company.” Joe Truelove, The Carey Group Corporate Governance: The Art of War or the Science of Compliance

Corporate Governance An Essential Guide for South African Companies Third Edition RAMANI NAIDOO With Contributions by Keith Rayner and Terrance Booysen And a Foreword by J. Michael Judin