Business has unanimously joined the welcoming chorus and went further to offer to assist wherever required to ensure that the culprits of State Capture are brought to book. While this must be a welcome commitment to partner with society to ensure that the Zondo Commission’s findings are implemented, we must ask whether we shouldn’t be doing more.
Whilst a focus on accountability is undoubtedly critical, we would be remiss if we didn’t engage with the revelations of the systemic enablement that make our country vulnerable to this phenomenon. No doubt, the public discourse is likely to focus on the failures or shortcomings of our public institutions that are supposed to be the bulwark of our democracy. We must nevertheless admit that that would be an inadequate response.
In doing so, we would be buying into a falsehood that this conduct is isolated, when we very well know that it is as endemic as it is entrenched in our corporate culture too, and we would much rather turn a blind eye to it all. It’s now common cause that some in business have expropriated and repurposed these policies in order to divert resources and influence decisions for the benefit of their enterprises.
When the finger points at the role of some audit firms who should be trusted to vouch for the credibility of our conduct of business – banks that are at the heart of our every economic undertaking, boards that fail to ensure executive accountability and ethical conduct, and strategic advisory firms that make money by enabling business to beat the system – we can only conclude that the rot runs much deeper than may have been revealed.
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