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Purpose: The purpose of this research was to develop a corporate risk management (CRM) model that could be used as a way of improving sustainability reporting (SR) and corporate governance (CG) in companies. The CRM model designed, needed to assist in communicating both financial and non-financial risks to companies, from a risk management perspective. By showing how CRM, SR, and CG relate in companies, the research assessed the function of CRM in SR and CG. Design/Methodology/Approach: Following a desktop study, using document analysis technique, an integrated CRM model was developed, that considers different forms of risk. Findings: The model demonstrated how CRM, SR, CG, and compliance committees can link up to promote CRM-based company reports in companies, through risk compliance and analytic metrics. CRM may enhance strategy formulation and implementation, company reputation, and value creation. Applying CRM in a company's sustainability- and financial reporting improves CG and understanding of the risk universe. Originality/Value: The model promotes compliance by fostering risk-informed decision-making, specific financial standards, and distinct operational- and strategic goals. It also assists in managing stakeholders' perceptions and participation, as well as the corporate image. It further demonstrates how CRM drives the decision-making process in SR and CG. [ABSTRACT FROM AUTHOR]

In South Africa, municipalities are central to government's service delivery efforts to its communities. Because of inadequate revenue collection processes or impoverished communities that are unable to supply necessary operational revenues, both national and provincial government need to transfer funds to the local government to achieve delivery of priority services and economic development infrastructure. This study investigates, through a desktop study, the best financial planning practices for municipalities to implement in order to be financially viable, by reviewing and comparing the legislative and legal frameworks relating to financial planning and the financial planning practices in Australia and New Zealand, whose legislation served as an example for the drafting of current South African legislation. Copyright © 2014 John Wiley & Sons, Ltd. [ABSTRACT FROM AUTHOR]