Question 1 [25] 1.1 Corporate governance is concerned with holding the balance between economic and social goals and between individual and communal goals. Describe the characteristics of good corporate governance in South Africa. (14) 1.2 Define "broad-based black economic empowerment" and the explain the objectives of the Broad-based Black Economic Empowerment Act. (11).

1. Question 1 [25] 1.1 Corporate governance is concerned with holding the balance between
economic and social goals and between individual and communal goals. Describe the
characteristics of good corporate governance in South Africa. (14) 1.2 Define "broad-based black
economic empowerment" and the explain the objectives of the Broad-based Black Economic
Empowerment Act. (11)