Open AccessRisk management practices in the top 20 South Africa’s listed companies: An annual/ integrated report disclosure analysis
Author(s) -
Tankiso Moloi
Publication year - 2015
Publication title -
corporate ownership and control
Language(s) - English
Resource type - Journals
eISSN - 1810-0368
pISSN - 1727-9232
DOI - 10.22495/cocv12i4csp12
Subject(s) - business , accounting , corporate governance , risk management , annual report , integrated reporting , finance , sustainability , ecology , biology
The King III Report on Corporate Governance places risk management at the nerve centre of the company’s strategic decision makers. The main objective of this article was to assess the risk management disclosures in the annual (integrated) reports of the top twenty (20) listed companies. The objectives were obtained through a literature review on risk management developments as per the requirements of the King III report on Corporate Governance, and supported by empirical evidence obtained from assessing the 2013 annual/ integrated reports of these top listed companies.The results obtained indicate that the majority of the JSE’s top 20 listed companies adhere to good risk management disclosure practices. However, there are areas in which the non-disclosure of information was prevalent. These areas of non-disclosure were found to be lacking detail on actual risk management practises applied. It was observed that the company accomplishments in these areas could be enhanced.