Abstract

SMITH, EE. Perceptions regarding the implementation of corporate governance practices within selected organisations. JCMAN [online]. 2012, vol.9, n.1, pp.234-256. ISSN 1815-7440.

This article sets out to investigate the perceptions regarding the implementation of corporate governance practices in selected organisations within the Nelson Mandela Bay region of South Africa. Research literature on corporate governance has recently attracted a lot of attention due to governance scandals in major corporations across the globe. To be able to achieve the research objectives of this research project, both a literature study and an empirical investigation were conducted. The comprehensive literature study, mainly based on journal articles, formed the theoretical framework for collecting the primary data. One hundred and seventy five self-administered questionnaires were returned from organisations in the selected population. A total of 80 null-hypotheses were formulated and tested as to investigate the relationship between the 10 dependent variables (perceptions regarding corporate governance practices) and eight independent variables (demographical data). Only six null-hypotheses indicated statistically significant relationships between these variables and are reported in this article. With the increased responsibility and accountability of organisations to its stakeholders, there is a need to develop a code of corporate governance as to guide organisations towards appropriate stakeholder relations. Practical guidelines are provided as to ensure more effective implementation of corporate governance practices in the workplace of today.

Keywords : corporate governance; demographical influences; King III Report; practices; stakeholder relations.

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