TRACEY DAVIES: Bain and the business of influence

  • 📰 FinancialMail
  • ⏱ Reading Time:
  • 58 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 63%

Malaysia News News

Corporate lobbying will remain a threat to the public interest as long as it's allowed behind closed doors.

The furore-in-a-teacup around consultancy Bain & Co’s membership of industry lobby association Business Leadership SA is surprising, as it seems to be premised on the quaint belief that corporate entanglement with politicians is unique to state capture under then president Jacob Zuma.

The sheer scale of state capture, in which the powers of a democratically elected government were appropriated by and for the benefit of an elite few, puts corporations such as Bain, which enabled it, in a league of their own in terms of nefarious corporate behaviour. Sometimes the interests of lobbyists will align with the public interest, and sometimes they won’t, which is why lobbying is a heavily regulated activity in many juris dictions.As I have written previously — in relation to the establishment of the"Energy Council of SA" lobby group, by mineral resources & energy minister Gwede Mantashe and several fossil fuel executives — there are no rules on lobbying in this country at all.

After some resistance, the DFFE provided a list of meetings, but insisted it was by no means complete because the department doesn’t keep a comprehensive record of meetings. The DMRE, after months of being in breach of legislated time frames for responding, eventually claimed that"no such records exist".The local business lobby is powerful, and this power is not always wielded for the good of the country at large.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

As a mother of two kids I have battled alot with my financial state to the point of begging from friends just to survive,until I started Bitcoin trading with the help of _AMBREYMARCUS1 I made a successful withdrawal of R 200,000 with the help of _ambreymarcus1.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

TRACEY DAVIES: Bain and the business of influenceCorporate lobbying will remain a threat to the public interest as long as it's allowed behind closed doors.
Source: FinancialMail - 🏆 20. / 63 Read more »

TRACEY DAVIES: Bain and the business of influenceCorporate lobbying will remain a threat to the public interest as long as it's allowed behind closed doors.
Source: FinancialMail - 🏆 20. / 63 Read more »

MONEY LIVE | Record Meta wipe-out shakes world tech stocks | Fin24MONEY LIVE | Record Meta wipe-out shakes world tech stocks -
Source: Fin24 - 🏆 21. / 63 Read more »

WATCH: Pepkor expands into South America with Brazil acquisitionBusiness Day TV speaks to Pepkor CEO Leon Lourens
Source: BDliveSA - 🏆 12. / 63 Read more »