Business must unite to develop an action agenda after the election

Economist Joseph Schumpeter once said capitalism and democracy were an unstable mixture. Many other analysts have subsequently regarded capitalism’s inherent ability to adapt to changing circumstances as the key to its long-term survival.

There is overwhelming evidence of the highly destructive consequences, both in the public and private sectors, of rules of good governance not being followed, of a lack of accountability or of implementation failing to deliver positive outcomes. There are many reasons why legitimate business should therefore seriously ponder how it can best influence the post-election national agenda by extending the boundaries of its collective thinking. This means widening and deepening its existing laudable initiatives on, for example, small business, youth unemployment and skills development to also tackle other key elements of future renewal and inclusive growth.

In addition, corporate governance and executive remuneration need to feature high on the post-election business agenda. More checks and balances are needed where corporate behaviour is concerned. Here the moral compass needs to be restored. Bad business behaviour must have real consequences, whether through regulation, litigation or competition.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

BUSINESS MAVERICK: One month before 2019 election, SA economy takes three hits in quick successionThey say that the hits that don’t break your back make you stronger. In fact, it’s more likely that the hits that don’t break your back will, in fact, make you weaker. The news is not entirely as gloomy as it seems, but coming just before the election, one thing is for sure: the incumbent government will not be propelled into the election on a wave of a strong economy. Not only hits, those are big hits, as well tim_cohen. I can't help wondering what S&P are smoking to get all that Ramaphoria....🙄 We're we really expecting a different outcome? Government is in tatters, Cyril house is still not finished, everyones rioting, burning books, throwing chairs, it's a baby written soap opera, Days in S. A.........
La source: dailymaverick - 🏆 3. / 84 Lire la suite »

BUSINESS MAVERICK – 2019 ELECTIONS: What the manifestos reveal about the parties’ economic policies (Part 1)Unpacking the manifestos of the three main parties contesting the 2019 general elections – the EFF, DA and ANC – it is hard not to come away feeling a bit underwhelmed.
La source: dailymaverick - 🏆 3. / 84 Lire la suite »