Journal of Business Ethics 68 (4):433 - 448 (2006)

Abstract
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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DOI 10.1007/s10551-006-9033-5
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References found in this work BETA

Business Ethics and Stakeholder Analysis.Kenneth E. Goodpaster - 1991 - Business Ethics Quarterly 1 (1):53-73.
Business Ethics and Corporate Governance in Africa.G. J. Rossouw - 2005 - Business and Society 44 (1):94-106.
A Communitarian Note on Stakeholder Theory.Amitai Etzioni - 1998 - Business Ethics Quarterly 8 (4):679-691.
Corporate Governance Reforms in Developing Countries.Darryl Reed - 2002 - Journal of Business Ethics 37 (3):223 - 247.
Corporate Governance in South Africa.G. J. Rossouw, A. van der Watt & D. P. Malan Rossouw - 2002 - Journal of Business Ethics 37 (3):289 - 302.

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