- E-ISSN2288-2766
- KCI
E-ISSN : 2288-2766
Ethics in the State-Owned Companies (SOC) in the public sector: A thin line between corporate governance and ethical leadership
Phophi Nembambula (University of Limpopo)
Mafanywa Jeffrey Mangammbi (University of South Africa)
Abstract
Ethics suggest that all persons are by nature moral, as it would not be possible for humans to exist collectively or even individually without an innate ethical sense. In order for the public sector to thrive in business, the board of directors needs to be guided by ethics and take into account the abiding interests of humanity and public good. It is argued in this paper that the abuse of power in the public sector has often been associated with unethical leadership and conducts which undermines the ubuntu notion. The irregularities which often arise in the awarding of tenders in the state-owned companies are some of the challenges that are prone to the public sector. In order to address these challenges and promote a flourishing democracy it is argued that ethical leadership as envisaged in the King III Report needs to be adhered to by the boards of directors. This paper concludes that the direction and control of ethics in any organisation is vital especially where the line between corporate governance and ethical leadership has become blurred.
- keywords
- ethics, state-owned companies, corporate governance, ubuntu, leadership and good governance.
Reference
Mokoena LD(2005).The importance of corporate ethics and values building a sustainable strategy model for effective implementation of good corporate governance within a state-owned enterprise in South Africa.Masters of Business Leadership. UNISA.
Peters, G. (2004). Cascading Good Governance through the Organisation. European Business Forum. Issue 17, Spring .
King, M.E. (S.C). March 2002. King Report II on Corporate Governance for South Africa. Johannesburg:Institute Of Directors in South Africa.
[4]John and Senbet (1998).Corporate Governance and Board Effectiveness.1998 Journal of Banking and Finance (22)371- 403
[5]Nevondwe(2012) .Corporate Governance Principles: Lessons to be learnt. The Thinker Political Journal (44)16.
Rossouw. Business Ethics and Corporate Governance. 2005 Africa in Business and Society, 44 (1): 94-106;
[6]Thomas Theories of Corporate Governance(2004). The Philosophical Foundation of Corporate Governance (Ed.)London and New York: Routledge.
[7]Esser and Havenga(2008).Shareholders Participation in Corporate Governance. Speculum Juris 74;Cassim et al, Contemporary Company Law (2011) 432-433.
[8]Khoza and Adam in The Power of Governance.(2005).Pan MacMillan and Business in Africa: Johannesburg. Thompson Jr., A.A. & Strickland III, A.J. 2003. Strategic Management: Concepts and Cases. 13th Edition. International Edition. McGraw – Hill. New York
[9]BBC Ethics Guide, 2012, http://www.bbc.co.uk/ethics.
[10]David B and Resnik JD(2011).What is ethics in research and why is it important? .National Institute of Environmental Health Sciences.
[11]Pritchard Ms(2006).Ethics in the Science Classroom: An Institutional Guide for Secondary School Science Teachers.Online Ethics Center for Engineering and Science.
- Downloaded
- Viewed
- 0KCI Citations
- 0WOS Citations
