Eskom wins corporate governance award

The state owned power utility Eskom has won the audit firm Nkonki's award for integrated reporting by state owned companies for the second year in succession.

Transnet and the aerospace and defence technology company Denel took second and third place respectively. 

Integrated reporting is a new tradition of corporate reporting, aimed at revealing the degree of convergence of an organisation’s corporate strategy, governance and financial performance with the social, environmental and economic context in which it operates.

The results, which were conducted for the 2012 financial year, show that on average, state owned companies achieved a score of below 50% in 9 out of 17 disclosure requirements.

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