Great boards help companies outperform their peers, delivering value to stakeholders, sustainably, and without compromising compliance or risk. Companies that achieve this are the bedrock of inclusive economic growth. In an environment where the compliance necessities for directors is ever increasing, South African boards are compelled to spend an inordinate amount of time on fiduciary duties. This reduces the time and energy for other critical areas of governance, such as strategy and culture, consequently inhibiting the full impact potential of directors.
Get the best of CNBC Africa sent straight to your inbox with breaking business news, insights and updates from experts across the continent. Sign up here.