MUG And BEAN
IT IS A FRANCHISE FALLING UNDER FAMOUS BRANDS.
IT WAS FOUNDED IN 1996 AND PURCHASED IN JULY 2009 TRANSACTION WAS IN EFFECT SEPTEMBER OF THE SAME YEAR.
THE FIRST WAS OPENED IN THE V&A WATERFRONT, Cape Town.
MUGG&BEAN HAS RECEIVED MAJOR SUCCESS IN SOUTH AFRICA – THEY NOW HAVE FRANCHISES IN: NAMIBIA AND BOTSWANA. SAUDI ARABIA AND THE UNITED ARAB EMIRATES ALSO HOLD THIS FRANCHISE
FAMOUS BRANDS AS A WHOLE WORKS IN THE LINE OF THE KING III REPORT.
THE KING CODE III ALSO ASSISTS COMPANIES WITH COMPREHENSIVE SETS OF PRINCIPLES OF CORPORATE GOVERNANCE BUT
There is more emphasis on sustainability, Risk management,
Remuneration, …show more content…
It is a hidden but important principle of corporate governance and is required that all those representing shareholder interests in agency relationships to have and utilise integrity all the time. Not doing so will damage a trust relationship.
Integrity is important in corporate governance for a couple of reasons:
As corporate governance can’t cover every situation, preservation of good corporate governance at times will depend on intelligence not backed by the codes. Cases like these are where integrity is particularly important.
Because integrity is partly about genuine dealing in relationships, it also builds the principles of fair dealing with shareholders in corporate governance.
Two characteristics which weren’t mentioned in their 2014 report were Independence and Discipline.
This refers to the avoidance of of any undue influence by interested stakeholders, and being completely free of any constraints that may affect the correct course of action needed for the success of the company.
In company’s, friendships can be made and this will/might cause a strain on true