The Power of Company Directors

The Power of Company Directors 

Directors of companies have substantial power and onerous duties, and their decisions (or their failure to take decisions) can have a similar impact to those of governments.

"Some companies have a higher turnover than the GDP of some countries," says Institute of Directors in Southern Africa CEO Ansie Ramalho. "Such economic power could be exercised positively by generating wealth - but it can also be negative, as in the global financial crisis, BP's Gulf of Mexico oil disaster, and the Fidentia scandal in SA."

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