YOU, IN YOUR CAPACITY AS A LEGAL AND CORPORATE GOVERNANCE EXPERT, You ARE APPROACHED BY THE EDITOR OF A MANAGEMENT JOURNAL TITLED "SENIOR MANAGEMENT IN LARGE ENTITIES". THE JOURNAL'S TARGET MARKET IS ANY ONE, NEWLY APPOINTED, WITH EXECUTIVE POWER IN LARGE ENTITIES, INCLUDING DIRECTORS OF LISTED COMPANIES AND LARGE PUBLIC ENTITY MANAGEMENT. THE EDITOR SAYS THAT SHE HAS DETECTED PROBLEMS WITH NEWLY APPOINTED MANAGEMENT OF LARGE ENTITIES. FIRSTLY, THEY DO NOT UNDERSTAND THE LEGAL IMPLICATION OF A CODE OF PRACTICE ie KING IV. THEY ARE NOT AWARE OF CORPORATE GOVERNANCE ELEMENTS IN COMPANY LAW, THE J.S.E. LISTING REQUIREMENTS AND THE PUBLIC FINANCE MANAGEMENT ACT. INDEED, MANY NEW SENIOR MANAGERS SEE NO LINKS WHATSOEVER. SECONDLY, THE TARGET GROUP OF MANAGEMENT MENTIONED ALSO DO NOT SEE THE IMPLICATIONS OF CORPORATE GOVERNANCE ELEMENTS IN MANY OTHER LAWS THAT ARE RELEVANT TO LISTED COMPANIES AND LARGE PUBLIC SECTOR ENTITIES IN SOUTH AFRICA, PLUS THE SARBANE-OXLEY ACT IMPLICATIONS FOR COMPANIES WISHING TO LIST IN THE USA.
THE EDITOR HAS REQUESTED THAT YOU WRITE AN ARTICLE FOR HER JOURNAL OF ABOUT 3500 WORDS CLARIFYING THESE ISSUES. YOU ARE AWARE OF THE NEED TO BE BRIEF AND TO THE POINT AS IT IS, AFTER ALL, JUST A JOURNAL ARTICLE AND YOU CAN ONLY ALERT READERS AS TO THE "HOMEWORK" THAT AWAITS THEM