Abstract
In South Africa, a number of banks have failed since 1990. Governance issues have been cited as possible reasons for these failures. The purpose of this study was to understand governance disclosures with specific reference to the African Bank. This study analysed the disclosures of the governance and regulatory framework that banks must comply with, namely, the King III principles and recommendations in the wake of the financial crises 2007-2008. An empirical study was conducted to examine the extent to which governance was disclosed in African Bank’s last integrated annual report, published in 2014. Data was collected and analysed from published summaries and credible websites. A qualitative methodology was followed, and secondary data was used to establish the background of the research problem. A case study analysis was considered to be most appropriate for this study. A self-developed checklist was formulated based on King III; this was compared to the governance disclosures of African Bank to determine levels of compliance. The results of the study reveal that African Bank did not fully comply with the governance disclosures in terms of King III. Its disclosures, therefore, did not mirror the reality of the bank.
M.Com. (Computer Auditing)