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Private sector must address challenges of the 21st century

THE Corporate Governance Index 2014, which GovInn released last week in partnership with the Institute of Internal Auditors of SA, provides a worrying snapshot of the state of business performance in SA.

The index finds that the leadership skills, accountability and overall conduct of public and private corporations have worsened over the past year. GovInn director Lorenzo Fioramonti comments on the perilous relationship between economic and political powers on Business Day, South Africa’s leading business newspaper.

If public officials take bribes to favour a few at the expense of the public good, then it is worth asking: where does the money come from? And the answer usually is: from business.

The simplistic juxtaposition between corrupt government and virtuous business does not pass the reality check.

Read the full article here