Ethical leadership is key to better corporate governance
Unethical behaviour damages not only a company’s health but also public virtues, and reputational capital is difficult to repair
Corruption and poor ethics are often associated with the public sector. As a public-sector union, the Public Servants Association of SA (PSA) is aware of the simplistic narrative of the public sector being synonymous with bad governance, and the private sector being the paradigm of virtue. However, events of the past few years in SA have debunked this myth with some of the worst forms of rent-seeking or breach of corporate governance being found in the private sector.
This ranges from bribes, dodgy procurement contracts, accounting fraud, price fixing, and unproductive friction between boards and executive committees...
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