Publications
Partners
Johannesburg - Businesses could be shamed publicly or expelled from Business Leadership SA (BLSA) if they breached its new code to combat corruption, it said on Tuesday.
"We are very concerned about the levels of corruption in South African society," said BLSA chairperson Bobby Godsell at a media briefing.
"Corruption requires two consenting adults at least for its completion... It requires two to tango."
The code centres on good governance in categories including customers, competitors, corruption, employees and enforcement.
While the BLSA lacked the legal teeth to punish perpetrators, those found guilty of the complaint against them could be publicly reprimanded or expelled from the organisation.
Hearings - likely to be behind closed doors - would be held to probe the complaint.
Should complaints coincide with more formal processes, an investigation by the Competition Commission for instance, the BLSA would wait for the outcome before examining the complaint.
BLSA is an association of South Africa’s largest corporations and major multinational companies with a significant presence in South Africa, according to its website.
"We are very concerned about the levels of corruption in South African society," said BLSA chairperson Bobby Godsell at a media briefing.
"Corruption requires two consenting adults at least for its completion... It requires two to tango."
The code centres on good governance in categories including customers, competitors, corruption, employees and enforcement.
While the BLSA lacked the legal teeth to punish perpetrators, those found guilty of the complaint against them could be publicly reprimanded or expelled from the organisation.
Hearings - likely to be behind closed doors - would be held to probe the complaint.
Should complaints coincide with more formal processes, an investigation by the Competition Commission for instance, the BLSA would wait for the outcome before examining the complaint.
BLSA is an association of South Africa’s largest corporations and major multinational companies with a significant presence in South Africa, according to its website.
