CGISA Best Practice Guide - The Role of the Company Secretary in State Capture and Corruption: Red flags and Lessons Learned
15 September 2021
The Zondo Commission has brought to light serious allegations of corruption and unethical conduct within state-owned entities (“SOEs”), government departments and the private sector. The Commission further revealed the insidiously corrupt and symbiotic relationship that exists between high-profile players in the private and public sectors. Generally, the Commission has heard evidence implicating high-profile individuals in both sectors, and consequently, trust in corporate institutions has been compromised within society. It has become evident that good governance within these entities has been crippled, making way for grand scale corruption. It is trite legal principle that in every case of corruption there must be a “corrupter” and a “corruptee”, as evidenced by the seminal EOH Holdings Limited (“EOH“) case, discussed in detail herein. This case study, amongst the others detailed in this guide evidence that the private sector is not an innocent by-stander of public sector corruption.
Find out more...