oa Journal of Economic and Financial Sciences - Corporate governance practices at South African higher education institutions : an annual report disclosure analysis
|Article Title||Corporate governance practices at South African higher education institutions : an annual report disclosure analysis|
|© Publisher:||University of Johannesburg|
|Journal||Journal of Economic and Financial Sciences|
|Affiliations||1 University of South Africa, 2 University of South Africa and 3 University of Johannesburg|
|Publication Date||Oct 2011|
|Pages||317 - 332|
|Keyword(s)||Annual report disclosures, Corporate governance, Higher education, Higher education governance, Higher education institutions, University council committees and University councils|
Higher education institutions are presently facing many challenges, ranging from economic and financial constraints to social and educational issues. Accordingly, sound management and governance are essential, and this brings the governance model of HEIs more in line with business corporations. This article provides an overview of the state of governance practices at higher education institutions in South Africa, and an assessment of the corporate governance disclosures in their annual reports. This was done through a literature review of higher education developments, including a South African perspective, supported by empirical evidence obtained from assessing the annual reports of these institutions. The study found that, although most of these institutions are providing disclosure on their corporate governance structures and practices in line with the recommendations of the Higher Education Act and King II, such disclosure is often lacking in detail and could be improved.
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