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ESDA news

Corporate governance

Society is now demanding greater transparency and accountability from corporations regarding their nonfinancial affairs. The King Committee on corporate governance was established by the Institute of Directors in South Africa, this resulted in the Code of Corporate Practices and Conduct. The aim of the code is to achieve openness and accountability in both large corporations and smaller businesses.

When Richard Wilkinson from the Institute of Directors spoke at the last ESDA meeting he expressed the fact that corporate governance is not only for companies on the stock exchange or large public entities but all companies are encouraged to adopt the principles of corporate governance.

The King Report has been recognised internationally as one of the most comprehensive publications on the subject of corporate governance that embraces the inclusive or stakeholder approach.

For more information on the King Committee and Corporate Governance you can look on the website of the Institute of Directors, www.iodsa.co.za

What is happening in 2002?

Training

Preparations are underway for the nationwide launch of the Electronic Security Technician Learnership that will take place on 1 April 2002.

This will be the first electronic qualification for an alarm technician.

This project is backed by the Department of Labour and SETA (Sector Education Training Authority).

The Electronic Security Technician Learner ship is a one-year course that encompasses both theoretical and hands-on, practical application. The practical learnership takes the form of an apprenticeship at a prospective employer. Once the student has completed a series of unite standards he/she shall receive a SAQA (South African Qualification Authority) accreditation, which is equal to a technikon diploma.

Let us communicate!

In 2002 we shall be keeping you informed through a quarterly e-mail newsletter called the ESDA Envelope, which will bring you the latest news on KreditInform, opportunities in the industry, training, technical advice and up-coming events. Your input is welcome!

Website

Do not forget to visit our website for updated news at www.esda.co.za. Nonmembers have access to membership application forms, basic information and the ESDA code of ethics. Members have access to bulletin boards, minutes of meetings as well as notices of local companies seeking local representation.

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