Authors: Vida Botes; Umesh Sharma; Ronald Botes; Mandeep Singh
Addresses: Faculty of Management, School of Accounting, Finance and Economics, University of Waikato, Hamilton, New Zealand; University of South Africa, Pretoria, South Africa ' Faculty of Management, School of Accounting, Finance and Economics, University of Waikato, Hamilton, New Zealand ' School of Accounting Sciences, University of South Africa, Pretoria, South Africa ' Ford Motor Company, Auckland, New Zealand
Abstract: Across the globe, the corporate world has once again been shaken by the Steinhoff Corporate Scandal, which affected millions of people as the Steinhoff Corporation operated in various countries, including Germany, the Netherlands, Australia, New Zealand, and South Africa. Once again, the media and the public questioned the absence of organisational ethics. The growth and influence of the multi-billion-dollar organisation has drawn increased media coverage and exposed the lack of business ethics within organisations. This paper reviews the key roles and responsibilities of specific stakeholders in relation to ethical conduct. It deliberates on a combined assurance effort and offers the structure for a comprehensive implementation of organisational ethics. The paper is a multi-disciplined literature study and argues that scant attention has been paid to the development of a framework to facilitate an ethical culture. The paper uses the 'five lines of assurance framework' to illustrate the distinct roles of the various internal and external role players to provide a structured approach to the governance of ethics.
Keywords: organisational ethics; assurance framework; governance; stakeholders.
International Journal of Economics and Accounting, 2020 Vol.9 No.4, pp.336 - 352
Received: 29 May 2019
Accepted: 13 Jan 2020
Published online: 07 Oct 2020 *