Corporate governance in eThekwini Municipality.
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Date
2015
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Abstract
South Africa is a constitutional democratic country with three spheres of government. The National, Provincial and Local Government all have their own executive powers and authority, key responsibilities and legislative powers are defined by the constitution of South Africa. Government institutions have a responsibility of providing service delivery to all people of South Africa and all are governed by legislation and the constitution of the country. In order to provide services to community there is a vital need of good financial management and accountability. According to the past auditor general’s report the eThekwini Municipality has been unsuccessful in obtaining a clean audit opinion. The well-coordinated and clear corporate governance can assist the executive committee to enforce compliance and accountability. According to municipal finance management act council has the responsibility to perform oversight over municipal finances and are accountable for any irregular expenditure that occurs. The fact that council continuously fails to achieve a clean audit, highlights that there is a challenge in corporate governance within the eThekwini Municipality. The aim of conducting this study is to identify gaps and challenges within the institution that hinder progress and which result in the council's failure to get a clean audit. A quantitative approach was used to collect primary data. Data was collected using a web based online questionnaire developed specifically for this study. A sample size of 80 executive committee members and senior employees of eThekwini Municipality was used and 56 respondents completed the survey. The study recommended that the eThekwini Municipality develop a policy framework that protects senior officials from being abused by politicians who are driven by unethical conducts.
Description
Master of Business Administration. University of KwaZulu-Natal, Westville 2015.
Keywords
Theses--Business administration., Corporate governance--South Africa--eThekwini Municipality Metropolitan., Social responsibility of business--South Africa--eThekwini Municipality Metropolitan., Corporate governance--Law and legislation--South Africa--eThekwini Municipality Metropolitan.