Every article, in one place
The Latest
-
Africa’s biggest IPO opens Monday. Its governance rating is 3.95, Good, and the pillar still open is the board.
· 18 min readDangote Petroleum Refinery opens public subscription 14 September. Its InsidEntity Company Risk Rating is 3.95, Good, but Director Independence is still a default score, and the board table shows why that matters.
-
Sanlam Chose Not to Become a Bank. The Bank It Chose Sits Inside Its Largest Shareholder’s Group.
· 17 min readSanlam launches transactional banking through GoTyme in November. GoTyme's largest shareholder is owned by Sanlam's own largest shareholder, and two Sanlam directors sit on that side of the relationship. Sanlam's CRR is 4.12, Excellent, and its Director Independence score is a default, not an assessment.
-
Caught Between Washington and Tehran: What Maersk’s Governance and Financial Record Show
· 17 min readA.P. Moller - Maersk holds a CRR of 3.50 and an FSR of 3.30 on InsidEntity. What the governance and financial split shows, and the Hormuz exposure neither score captures.
-
Apple’s New CEO Has Never Sat on Another Board. The Man Checking Him Just Stopped Being Independent.
· 10 min readApple's succession took effect on 1 September. John Ternus becomes chief executive with no outside board record, Tim Cook becomes Executive Chairman, and the independent chair seat disappears. Apple's Company Risk Rating is 3.14, Good.
-
Nvidia Beat the Numbers. The More Interesting Changes Were in the Disclosure.
· 11 min readNvidia's Q2 FY2027 beat was real. So were the changes underneath it: a non-GAAP methodology shift, a segment-reporting overhaul, and a $105 billion contingent obligation tied to OpenAI's Ohio data centre.
-
The First Twenty Companies Show Why InsidEntity Needs Two Numbers
· 13 min readSeventeen of the first twenty companies InsidEntity has scored land in the same governance band. Their financial sustainability scores spread across all five, showing why the platform runs two separate ratings.
-
Jensen Huang Has Been on NVIDIA’s Board for 33 Years. Here’s What the Record Shows.
· 8 min readJensen Huang has been NVIDIA's CEO and a board director since founding the company in 1993. He holds 3.58% of the company, no super-voting shares, and no other public boards.
-
Nvidia became the bank behind the AI boom. Then it syndicated the loan. It reports later today, and the most important disclosure of the quarter has already been filed.
· 12 min readNvidia cut its OpenAI data centre guarantee from $250bn to $105bn in two weeks by syndicating the risk to six financial institutions. Its Company Risk Rating is 3.22, Good.
-
Tongaat Hulett Could Not Pay Its Growers. Its Governance Rating Is Still “Good”.
· 22 min readTongaat Hulett could not pay its growers on schedule this month. Its Company Risk Rating is 3.24, Good. Its Financial Sustainability Rating does not register on the scale at all.
-
Custody of R3.5 trillion in public pension assets has moved from a bank rated 3.76 to a bank rated 4.32. Roughly 89% of the gap between those two scores comes from one pillar: the auditor. The fund’s own asset manager rates 2.31.
· 14 min readAbsa has taken over Master Custodian of the GEPF's R3.5 trillion from Standard Bank. Nearly 90% of the gap between their Company Risk Ratings traces to one pillar: the auditor.
-
Walmart Has one of the Strongest Governance Architecture We Have Profiled. It Scores 3.23 Anyway.
· 14 min readWalmart has the strongest governance architecture this platform has profiled, yet scores 3.23. Here is why a decades-long auditor relationship keeps it out of Excellent.
-
Evergrande’s founder was sentenced to life on Thursday. Its auditor of more than a decade has agreed to HK$1.3 billion in fines and compensation. A regulator’s finding, not this platform’s characterisation, is that the engagement team knew evidence was missing and used the accounts anyway.
· 12 min readEvergrande's founder was sentenced to life on 20 August 2026. Its auditor of over a decade faces HK$1.3bn in fines after regulators found audit evidence was known to be missing.
-
The US crossed $40 trillion in debt on Tuesday and still scores Benchmark on the ESR. South Africa returned to the Unsustainable band it spent three years in to 2023. Both readings are correct.
· 22 min readThe US crossed $40 trillion in debt while South Africa's Economic Sustainability Rating slipped back into Unsustainable. Both readings are correct, and here is why.
-
SPAR’s chairman and deputy chair resigned citing threats from its own retailers. The retailers say there were none. Both things are now on the record.
· 14 min readSPAR's chairman and deputy chair resigned citing threats; the retailer body denies it. A governance read on the 3.48 (Good) CRR and 2 (Caution) Financial Sustainability Rating behind the boardroom exit.
-
Who is Nikesh Arora, the director? The record behind three board seats and the most-rejected pay package in the S&P 500
· 4 min readA look at Nikesh Arora's board record: Palo Alto Networks chairman and CEO, three concurrent directorships, and the S&P 500's most-rejected executive pay package.
-
The EU AI Act’s Phantom Deadline: What Last-Minute Deferral Reveals About Board Governance
· 9 min readDays before the EU AI Act's board-level obligations were due, Europe moved the deadline. What the last-minute deferral reveals about corporate AI governance readiness.
-
Boxer carried Pick n Pay again. Pick n Pay owns less of Boxer than it did. And the man who chairs Boxer’s board is the chief executive of the company selling it down.
· 14 min readPick n Pay's August trading update shows Boxer still driving growth while Pick n Pay's stake in Boxer shrinks, and Boxer's chair runs the company selling it down.
-
Sixty60 delivered more than a third of Shoprite’s growth this year. Shoprite does not disclose whether Sixty60 makes money. Markets eventually price both.
· 15 min readShoprite's Sixty60 delivered over a third of the group's growth this year, but Shoprite does not disclose whether the on-demand delivery unit is profitable.
-
The Best Hiring Decisions Begin Before the Interview
· 6 min readHiring is treated as a test of the candidate, but every hire is also a decision about evidence. Why the best hiring decisions are made before the interview starts.
-
SpaceX’s first filing turned an estimate into a price. What inspection reveals is that its fastest-growing revenue is paid by the same companies whose profits depend on marking it up.
· 11 min readSpaceX's fastest-growing revenue line is paid by the same companies whose own profits depend on marking up its private valuation. Here is what the filing reveals.