An examination of the corporate governance failures and challenges at key South African SOEs and the implications on enterprise efficiency: A case study of ESKOM

Abstract

Corporate Governance encapsulates a set of rules and corporate systems which have been established to steer a company in a certain direction. In the case of State-Owned Entities, these entities were established as a mechanism to provide a strategic developmental social upliftment focus to the population of South Africa. Moreover, directors have an individual and collective fiduciary responsibilities and should ensure that the principles of corporate governance, including instruments such as the Memorandum of Incorporation, are upheld and realised through well-informed decisions.