Evaluating the legal burden of good corporate governance on small and medium enterprises in South Africa in view of the Covid-19 pandemic

Abstract

In simple terms corporate governance can be defined as a system by which companies are directed and controlled by its board of directors.1 Good Corporate Governance in a company is of prime importance as it ensure the effective running of the company, it also ensures that all the stakeholders of the organization follow appropriate and transparent decision-making processes and ensures that the best interest of all stakeholders are always considered and protected.2 The G20/OECD Principles of Good Corporate Governance emphasise that the principle of good corporate governance includes compliance with the law.3 This research will focus on the legal burden of the good corporate governance principles imposed on small and medium enterprises in view of the Covid-19 pandemic.