From left to right: Dr Daniel Malan (Director of the Centre for Corporate Governance in Africa), Diane Radley (Old Mutual Investment Group CEO, who completed the 2015 programme) and Prof Arnold Smit (Head of Social Impact and associate Professor of Business in Society at USB, is the director and overall facilitator of the programme)
The country and the African continent needs a new generation of company directors as more board positions will have to be filled in view of the continent’s fast development trajectory.
This goes hand in hand with the immense need for governance skills and responsible leadership to do business with moral integrity and stem the growing tide of corruption.
With the fourth King report to be released in November this year, South Africa has made much headway with corporate governance and are considered a global leader in the governance field. However, the question is being asked if we have enough company directors with the necessary skill or inclination to adhere and properly benefit from it?
It is with this in mind that USB Executive Development (USB-ED) will be presenting its second Africa Directors Programme (ADP)
this year. This follows the first programme presented in 2015 to the Old Mutual Investment Group, the corporate partner of the programme.
Of note is the involvement of the esteemed INSEAD Corporate Governance Initiative with it world renowned International Directors Programme. INSEAD faculty also teach on the ADP. The ongoing development of the programme’s intellectual capital is taken care of by the USB Centre for Corporate Governance in Africa.
The programme also enjoys the endorsement of the Institute of Directors in Southern Africa (IoDSA). The content of the programme has been aligned to the IoDSA’s Director Competency FrameworkTM. It therefore forms part of the CD(SA)® Career Path by contributing to the knowledge and skills required during the CD(SA)® assessment.
will be presented at the Lanzerac Wine Estate in Stellenbosch with module 1 from 31 July to 2 August 2016, Module 2 from 12 to 14 September 2016 and module 3 from 24 to 26 October 2016.
Prof Arnold Smit, head of Social Impact and associate professor of Business in Society at USB, is the director and overall facilitator of the programme. The aim, he says, is to build a corps of directors that can turn Africa’s development challenges and opportunities into long term sustainable value creation for the all the continent’s people.
“It is a leadership development programme over three months with three two and a half day modules with three themes – the director as an ethnical leader, what it means to exercise custodianship of the company and boardroom dynamics. This is to be supplemented by expert guest speakers, case studies, simulations, feedback sessions and dealing with the media.
“The programme is not about ‘knowledge dumping’, but a process orientated learning experience within a group and as an individual. It is ideal for an ‘early career’ director with a longer-term vision for good governance and a need for further development.
“While the second programme is presented in South Africa, we want to extend it into Africa in future”, Prof Smit said.
Dr Daniel Malan, director of the Centre for Corporate Governance in Africa and responsible for programme literature and thought leadership, said a shift in corporate governance thinking is necessary to performance from conformance.
“Directors tend to think of corporate governance only as conformance and treat it as a ‘checklist’ or ‘box tick” exercise. It can be something that drives performance, create value and that can make shareholders, stakeholders and directors just as happy.
helps directors to understand this and provide the skillset to work towards that.”
It is important to note that the programme is not about the manager in an organisation. They do need to know about corporate governance, but it is aimed at the director that wants to know more about governance or someone who aspires to be on a board.
It is also not about technical knowledge of the King Report and corporate governance, but about governance being a strategic asset that can help to drive the enterprise forward.