I haven't read it yet - oops it looks like I'll have to now. You can download it here. Business Report ran a story on it this morning. I thought this quote from the story might ring true for other "disciplines".
King said the term "comply" connoted regulation, but there was no method of enforcing the code. He believed the term "apply" was the correct route, as it better explained that the code was not a set of regulations.
King said stakeholders such as shareholders and suppliers would act as a company's ultimate compliance officers.
Self-regulation was better than legislation, which led to administrative outcomes and dilution of enterprise, he said.
King said stakeholders such as shareholders and suppliers would act as a company's ultimate compliance officers.
Self-regulation was better than legislation, which led to administrative outcomes and dilution of enterprise, he said.
Oh and
I heard that Sun International is sending out letters to certain types of non-core suppliers stating that these types of suppliers should be 51% black owned. Apparently they are getting pressure from the gambling board. Sounds like bullshit to me, I think Sun International haven't read the requirements - anyone want to comment?
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