The ethics of corporate governance: A (South)African perspective

West, Andrew (2009) The ethics of corporate governance: A (South)African perspective. International Journal of Law and Management, 51(1), pp. 10-16.

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Abstract

Purpose

– The purpose of this paper is to review the developments in South African corporate governance since the end of apartheid, with a view to identifying themes and points of convergence and/or divergence with other models.

Design/methodology/approach

– The paper presents a critical review of South African corporate governance in the context of political and economic developments. Where relevant, aspects of corporate governance theory (in particular the stakeholder and shareholder debate) are considered in the South African context.

Findings

– South African corporate governance can be seen to broadly follow Anglo‐American examples with the notable exception of the stakeholder approach of the two King reports. This approach emphasises the responsibilities of companies to various stakeholders and encourages stakeholder engagement as an integral element of company strategy. There has not, however, been any substantial incorporation of stakeholder interests into formal corporate governance structures such as board structure and financial reporting.

Practical implications

– The ongoing consideration of corporate governance developments in South Africa is important for its continued development in the country and the region.

Originality/value

– A review of South African corporate governance is timely given the probable release of the third King report in 2009, together with new company legislation.

Impact and interest:

1 citations in Scopus
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ID Code: 84415
Item Type: Journal Article
Refereed: Yes
Keywords: Corporate governance, South Africa, Developing countries
DOI: 10.1108/17542430910936637
ISSN: 1754-243X
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300)
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
Copyright Owner: Copyright 2009 Emerald Group Publishing Limited
Deposited On: 24 May 2015 22:59
Last Modified: 29 May 2015 13:57

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