GOVERNANCE OF AFRICAN STATE-OWNED ENTERPRISES (SOEs) – TOWARDS AGENDA 2063
Following centuries of institutionalised colonialism, Africa continues failing to drive socioeconomic growth and prosperity. Although the vestiges of Africa’s colonial legacy have certainly contributed to this malaise, Africa cannot continue blaming colonialism for its failure to develop. To revers...
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| Format: | Article |
| Language: | English |
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Universitas Kristen Indonesian Paulus
2022-07-01
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| Series: | Accounting Profession Journal (APAJI) |
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| Online Access: | https://ojsapaji.org/index.php/apaji/article/view/46 |
| _version_ | 1828444288040566784 |
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| author | Barry Ackers Adeyemi Adebayo |
| author_facet | Barry Ackers Adeyemi Adebayo |
| author_sort | Barry Ackers |
| collection | DOAJ |
| description |
Following centuries of institutionalised colonialism, Africa continues failing to drive socioeconomic growth and prosperity. Although the vestiges of Africa’s colonial legacy have certainly contributed to this malaise, Africa cannot continue blaming colonialism for its failure to develop. To reverse the downward spiral and provide the platform to achieve the goals of the African Union’s Agenda 2063, requires a return to Africa’s primary Ubuntu[1] values. Africa must accept that it can no longer remain passive participants, simply providing raw materials for beneficiation by the Global North. State-owned enterprises (SOEs), governed according to sound corporate governance principles, can contribute to sustainable socioeconomic development. Not only enhancing their transparency and accountability, but also positioning them to constructively contribute to achieving the Agenda 2063 aspirations. To understand the extent to which sound corporate governance practices can contribute to SOE effectiveness, a qualitative research approach thematically analyses the disclosures contained in the publicly available annual reports of purposively selected SOEs, in predetermined countries across each of Africa’s nine regional economic communities. The extent of conformance with established corporate governance practices is calculated using a disclosure index developed from global corporate governance frameworks.
[1] Ubuntu is a Nguni word representing the core African values, such as respect for all humans, human dignity, sharing, obedience, humility, solidarity, caring, hospitality, interdependence and communalism (Sambala, et al., 2020).
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| first_indexed | 2024-12-10T21:41:22Z |
| format | Article |
| id | doaj.art-ebcccffe8262406a94086a417a1f95b9 |
| institution | Directory Open Access Journal |
| issn | 2715-7695 2686-0058 |
| language | English |
| last_indexed | 2024-12-10T21:41:22Z |
| publishDate | 2022-07-01 |
| publisher | Universitas Kristen Indonesian Paulus |
| record_format | Article |
| series | Accounting Profession Journal (APAJI) |
| spelling | doaj.art-ebcccffe8262406a94086a417a1f95b92022-12-22T01:32:30ZengUniversitas Kristen Indonesian PaulusAccounting Profession Journal (APAJI)2715-76952686-00582022-07-0142GOVERNANCE OF AFRICAN STATE-OWNED ENTERPRISES (SOEs) – TOWARDS AGENDA 2063Barry Ackers0Adeyemi Adebayo1Department of Auditing, College of Accounting Sciences, University of South AfricaDepartment of Auditing, College of Accounting Sciences, University of South Africa Following centuries of institutionalised colonialism, Africa continues failing to drive socioeconomic growth and prosperity. Although the vestiges of Africa’s colonial legacy have certainly contributed to this malaise, Africa cannot continue blaming colonialism for its failure to develop. To reverse the downward spiral and provide the platform to achieve the goals of the African Union’s Agenda 2063, requires a return to Africa’s primary Ubuntu[1] values. Africa must accept that it can no longer remain passive participants, simply providing raw materials for beneficiation by the Global North. State-owned enterprises (SOEs), governed according to sound corporate governance principles, can contribute to sustainable socioeconomic development. Not only enhancing their transparency and accountability, but also positioning them to constructively contribute to achieving the Agenda 2063 aspirations. To understand the extent to which sound corporate governance practices can contribute to SOE effectiveness, a qualitative research approach thematically analyses the disclosures contained in the publicly available annual reports of purposively selected SOEs, in predetermined countries across each of Africa’s nine regional economic communities. The extent of conformance with established corporate governance practices is calculated using a disclosure index developed from global corporate governance frameworks. [1] Ubuntu is a Nguni word representing the core African values, such as respect for all humans, human dignity, sharing, obedience, humility, solidarity, caring, hospitality, interdependence and communalism (Sambala, et al., 2020). https://ojsapaji.org/index.php/apaji/article/view/46African Union Agenda 2063corporate governanceregional economic communitiessocioeconomic developmentstate-owned enterprises (SOEs)Accountability |
| spellingShingle | Barry Ackers Adeyemi Adebayo GOVERNANCE OF AFRICAN STATE-OWNED ENTERPRISES (SOEs) – TOWARDS AGENDA 2063 Accounting Profession Journal (APAJI) African Union Agenda 2063 corporate governance regional economic communities socioeconomic development state-owned enterprises (SOEs) Accountability |
| title | GOVERNANCE OF AFRICAN STATE-OWNED ENTERPRISES (SOEs) – TOWARDS AGENDA 2063 |
| title_full | GOVERNANCE OF AFRICAN STATE-OWNED ENTERPRISES (SOEs) – TOWARDS AGENDA 2063 |
| title_fullStr | GOVERNANCE OF AFRICAN STATE-OWNED ENTERPRISES (SOEs) – TOWARDS AGENDA 2063 |
| title_full_unstemmed | GOVERNANCE OF AFRICAN STATE-OWNED ENTERPRISES (SOEs) – TOWARDS AGENDA 2063 |
| title_short | GOVERNANCE OF AFRICAN STATE-OWNED ENTERPRISES (SOEs) – TOWARDS AGENDA 2063 |
| title_sort | governance of african state owned enterprises soes towards agenda 2063 |
| topic | African Union Agenda 2063 corporate governance regional economic communities socioeconomic development state-owned enterprises (SOEs) Accountability |
| url | https://ojsapaji.org/index.php/apaji/article/view/46 |
| work_keys_str_mv | AT barryackers governanceofafricanstateownedenterprisessoestowardsagenda2063 AT adeyemiadebayo governanceofafricanstateownedenterprisessoestowardsagenda2063 |