Corporate Governance and the Law Governing the Management of Companies in Zimbabwe.

Abstract

The study assesses the complementarity of corporate governance guidelines in Zimbabwe and the Company’ Act (Chapter 24:03). It centres on corporate governance in companies and how company law comes in. A survey was carried out on 28 entities using questionnaires and interviews. The majority of the respondents were not aware of the convergence of corporate governance principles and the law. According to the respondents there are gaps between the Companies Act (24:03) and the National Code of Corporate Governance (ZIMCODE). The research shows that the law has been used to punish those found on the wrong side of corporate governance to a greater extent.