Analysing the Role of Good Corporate Governance in TVET Colleges in South Africa

Abstract

The main purpose of the study was to analyse the role of good corporate governance in TVET colleges in South Africa (SA).The study employed qualitative methods using secondary data from various credible publications. From a theoretical perspective, the study discovered that, corporate governance plays a pivotal role in TVET colleges to certify equal treatment of shareholders,  integrity and business ethics, conflict resolution, accountability and transparency in all spheres of their operations and leadership. In the same vein, empirical studies examined indicated that, TVET colleges face a myriad of challenges such as lack of effective leadership and sound administration; inadequate and misappropriation of funds as well as weak accountability. Furthermore, TVET colleges also experience inadequate and substandard infrastructure and insufficient equipment thus inter alia. The study recommends that, TVET colleges in SA should leverage on compliance with  good corporate governance principles both internally and externally as contained in the King’s reports of corporate governance. It emerged from the study that, TVET colleges should develop code of practice in line with the CET Act. Likewise, TVET colleges must consider training in King codes and other relevant governance codes so as to reap fully the rewards of good corporate governance within their space.

Keywords: Corporate governance, performance, management

DOI: 10.7176/PPAR/11-5-02

Publication date:June 30^th 2021