Journal of Business Ethics 68 (4):433 - 448 (2006)
South Africa’s principal corporate governance report aspires to an ‘inclusive’ approach to corporate governance, in which companies are clearly advised to consider the interests of a variety of stakeholders. Yet, in common with many other countries, there is little discussion of the theoretical foundations and assumptions implicit in the recommended approach to corporate governance. The purpose of this article is to provide an analysis of corporate governance and the corporate environment in South Africa in terms of existing theory and models of corporate governance, and to provide a critique based on a consideration of traditional African values and the socio-economic necessities of post-apartheid South Africa. The result is the identification of an incompatibility between the current corporate environment in South Africa and the given exposition of African values. Some prospects for change are then identified.
|Keywords||African philosophy corporate governance inclusive approach South Africa stakeholder|
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Citations of this work BETA
Corporate Governance and Corporate Social Responsibility Disclosures: Evidence From an Emerging Economy. [REVIEW]Arifur Khan, Mohammad Badrul Muttakin & Javed Siddiqui - 2013 - Journal of Business Ethics 114 (2):207-223.
A Longitudinal Study of Corporate Social Disclosures in a Developing Economy.J. D. Mahadeo, V. Oogarah-Hanuman & T. Soobaroyen - 2011 - Journal of Business Ethics 104 (4):545-558.
Convergence of Corporate Social Responsibility and Corporate Governance in Weak Economies: The Case of Bangladesh.Mia Mahmudur Rahim & Shawkat Alam - 2013 - Journal of Business Ethics 121 (4):1-14.
Black Economic Empowerment Disclosures by South African Listed Corporations: The Influence of Ownership and Board Characteristics. [REVIEW]Collins G. Ntim & Teerooven Soobaroyen - 2013 - Journal of Business Ethics 116 (1):121-138.
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