Cooperate Governance Case Study

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Good evening, this is Ibrahim Mitha reporting live from Mr Price headquarters. Today we will be discussing cooperate governance and cooperate social responsibility of the Mr price business. We honored to call upon a very special guest, Sabeeha Wajar, of the Mr price group, to tell us more about how and what Mr price deals with.
Sabeeha
Good Evening!
Ibrahim
Now I've heard a lot about Mr price business as a whole, but id like to hear from you, so my first question for tonight Miss Wajar is, how do you interpret what cooperate governance is?
Sabeeha
The business dictionary defines cooperate governance as the framework of rules and practices by which a board of directors ensures accountability, fairness, and transparency in a company's
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Sabeeha
Indeed it is.
Ibrahim
So tell us, how does good corporate governance benefit Mr. Price ?
Sabeeha
Good cooperate governance keeps our investors happy and can raise capital in an effective way. It keeps the company isolated from aspects such as corruption, mismanagement, wastage and risks. It develops the brand, motivates owners and managers to achieve the goals of the stakeholders.
Ibrahim
Am I right to say, that it creates a positive effect on the share price as well as the CSI rating, and overall ensures success and growth in the company.
Sabeeha
Yes yes of course !
Ibrahim
Who is accountable for Mr. Price's decisions ?
Sabeeha
The employees are accountable to the managers, and well Mr Mitha the managers are accountable to the board of directors, and they are accountable to the Chief Executive Officer so technically, the CEO of Mr. Prices Group Limited, Stuart Bird, is truly accountable for the company's decisions.
Ibrahim
How does Mr. Price incorporate good governance into their company ?
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Ibrahim
It can also be defined as when the business goes out of its way to benefit the community.

What is the purpose of the CSR?
Sabeeha
The purpose is for the business to give back, to give back to the people, and to be completely honest, it benefits the business as well.
Ibrahim
And how is that Sabeeha ? How does CSR benefit the business as well ?
Sabeeha
Well, let's give an example, protecting the environment, if you are a company that manufactures, by protecting the environment you are preserving your resources, if you just look at the processes of CSR from a business's perspective and you'll see.
Ibrahim
Tell us more about Mr price group limited and its involvement in the CSR
Sabeeha
The Mr Price group, RedCap Foundation in partners with UNICEF intends on benefiting the youth by raising funds to support development initiatives of UNICEF and the RedCap foundation. A non- profit organization is established by the Mr Price Group.
Ibrahim
So does this mean, that the South African youth, as future citizens, is able to get the best start in
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