The value of Ubuntu - moral and governance case for ethical and responsible financing and investment practices in South Africa

Posi Olatubosun, Sethi Nyazenga

Research output: Chapter in Book/Report/Conference proceedingChapter

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Abstract

This chapter sets out to examine the application of responsible investment (RI) principles through the lens of Ubuntu philosophy as an alternative corporate governance approach. The authors seek to understand why African investment managers are more grounded in Western philosophies compared to Ubuntu. Data were collected on the institutional investors’ environmental, social and governance (ESG) practices in South Africa and through the interviews of seven institutional asset owners. Evidence indicates that, apart from weak regulatory environments, corporate governance standards in many developing countries do not resonate with native cultural values and philosophies. Although the Ubuntu philosophy is a growing phenomenon, an increase in contextualisation of its economic and financial cases through business education is warranted for it to be well grounded.
Original languageEnglish
Title of host publicationAfrican Virtue Ethics Traditions For Business and Management
EditorsKemi Ogunyemi
Place of PublicationCheltenham
PublisherEdward Elgar Publishing Ltd.
Chapter9
Pages137-154
Number of pages18
ISBN (Electronic)9781789905960
ISBN (Print)9781789905953
DOIs
Publication statusPublished - 21 Jul 2020

Keywords

  • Ubuntu
  • ESG
  • responsible Investment
  • South Africa
  • asset ownership discourse

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