Towards corporate sustainability : equitable wealth allocation to all participating stakeholders

dc.contributor.authorKhomba, James Kamwachale
dc.contributor.authorVermaak, Frans N.S.
dc.date.accessioned2013-03-22T12:47:17Z
dc.date.available2013-03-22T12:47:17Z
dc.date.issued2012-03-07
dc.description.abstractIn the corporate and academic worlds, issues regarding corporate sustainability have become much pronounced. To sustain future business activities, corporations are advised to adhere to good corporate governance where they have to focus on social and environmental elements, apart from their economic aspirations. This is a new phenomenon in business as many corporations tend to focus their attention on the allocation of corporate wealth mainly to shareholders through the maxim of “maximisation of shareholders’ wealth”. The aim of this study is to empirically research on the current practices that corporations deploy and report the results in a scientific manner. Although at a transitional stage, the results indicate that corporations in Africa attend to issues of corporate sustainability through allocation of their wealth to many stakeholders that are involved in the wealth creation. To understand the interconnectedness and interdependence of different stakeholders that determine sustainability of any business, a conceptual framework of stakeholder relationships and networks has been developed. The study contributes towards new knowledge about corporate sustainability issues that involve companies in Africa.en_US
dc.description.librarianam2013en_US
dc.description.urihttp://www.academicjournals.org/AJBMen_US
dc.identifier.citationKhomba, JK & Vermaak, FNS 2012, 'Towards corporate sustainability : equitable wealth allocation to all participating stakeholders', African Journal of Business Management, vol. 6, no. 9, pp. 3470-3481.en_US
dc.identifier.issn1993-8233 (print)
dc.identifier.issn2079-410X (online)
dc.identifier.other:10.5897/AJBM11.1695
dc.identifier.urihttp://hdl.handle.net/2263/21200
dc.language.isoenen_US
dc.publisherAcademic Journalsen_US
dc.rights©2010 Academic Journalsen_US
dc.subjectAfricaen_US
dc.subjectCorporate sustainabilityen_US
dc.subjectGovernanceen_US
dc.subjectMalawien_US
dc.subjectResource allocationen_US
dc.subjectSouth Africaen_US
dc.subjectStakeholdersen_US
dc.subjectUbuntuen_US
dc.titleTowards corporate sustainability : equitable wealth allocation to all participating stakeholdersen_US
dc.typeArticleen_US

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