Exploring the impact of Firm-Level Corporate Governance Challenges on Sustainable Development Goals (SDGs) in a Developing Economy
The impact of firm-level corporate governance challenges on sustainable development requires attention, particularly in developing countries. This qualitative study explores factors contributing to South African firms' poor CG performance and the implications of firm-level CG challenges towards...
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| Format: | Article |
| Language: | English |
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Research Collaboration Community (RCC)
2025-01-01
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| Series: | International Journal of Business, Economics, and Social Development |
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| Online Access: | https://journal.rescollacomm.com/index.php/ijbesd/article/view/740 |
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| author | Tendai Makwara |
| author_facet | Tendai Makwara |
| author_sort | Tendai Makwara |
| collection | DOAJ |
| description | The impact of firm-level corporate governance challenges on sustainable development requires attention, particularly in developing countries. This qualitative study explores factors contributing to South African firms' poor CG performance and the implications of firm-level CG challenges towards attaining SDGs in South Africa. It employs a rapid review methodology to search and review selected articles systematically. Content analysis is used to draw findings. Results reveal that historical, economic, lack of critical scholarship and weak regulatory enforcement and oversight factors affect South African corporate governance practices. Notably, a lack of reform in the corporate governance architecture underpins most of the challenges firms experience regarding corporate governance practices. These results can be linked to slow progress towards realising sustainable development goals (SDG) targets from achieving socioeconomic equality, board diversity, jobs, poverty alleviation and justice for all. This study contributes to scholarship on the intersectionality between CG, SDGs, and existing challenges that restrict the business sector from fully contributing to national development. In South Africa, the study also reviews progress towards strengthening the CG fabric in the post-apartheid era. |
| format | Article |
| id | doaj-art-c410de1c2bb14dd5a425bfe5de81cab7 |
| institution | Kabale University |
| issn | 2722-1164 2722-1156 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Research Collaboration Community (RCC) |
| record_format | Article |
| series | International Journal of Business, Economics, and Social Development |
| spelling | doaj-art-c410de1c2bb14dd5a425bfe5de81cab72025-08-20T03:47:24ZengResearch Collaboration Community (RCC)International Journal of Business, Economics, and Social Development2722-11642722-11562025-01-015410.46336/ijbesd.v5i4.740600Exploring the impact of Firm-Level Corporate Governance Challenges on Sustainable Development Goals (SDGs) in a Developing EconomyTendai Makwara0"Department of Business Support Studies, Central University of Technology, Bloemfontein, Free State, South AfricaThe impact of firm-level corporate governance challenges on sustainable development requires attention, particularly in developing countries. This qualitative study explores factors contributing to South African firms' poor CG performance and the implications of firm-level CG challenges towards attaining SDGs in South Africa. It employs a rapid review methodology to search and review selected articles systematically. Content analysis is used to draw findings. Results reveal that historical, economic, lack of critical scholarship and weak regulatory enforcement and oversight factors affect South African corporate governance practices. Notably, a lack of reform in the corporate governance architecture underpins most of the challenges firms experience regarding corporate governance practices. These results can be linked to slow progress towards realising sustainable development goals (SDG) targets from achieving socioeconomic equality, board diversity, jobs, poverty alleviation and justice for all. This study contributes to scholarship on the intersectionality between CG, SDGs, and existing challenges that restrict the business sector from fully contributing to national development. In South Africa, the study also reviews progress towards strengthening the CG fabric in the post-apartheid era.https://journal.rescollacomm.com/index.php/ijbesd/article/view/740corporate governance, sustainable development goals, agency theory, south africa |
| spellingShingle | Tendai Makwara Exploring the impact of Firm-Level Corporate Governance Challenges on Sustainable Development Goals (SDGs) in a Developing Economy International Journal of Business, Economics, and Social Development corporate governance, sustainable development goals, agency theory, south africa |
| title | Exploring the impact of Firm-Level Corporate Governance Challenges on Sustainable Development Goals (SDGs) in a Developing Economy |
| title_full | Exploring the impact of Firm-Level Corporate Governance Challenges on Sustainable Development Goals (SDGs) in a Developing Economy |
| title_fullStr | Exploring the impact of Firm-Level Corporate Governance Challenges on Sustainable Development Goals (SDGs) in a Developing Economy |
| title_full_unstemmed | Exploring the impact of Firm-Level Corporate Governance Challenges on Sustainable Development Goals (SDGs) in a Developing Economy |
| title_short | Exploring the impact of Firm-Level Corporate Governance Challenges on Sustainable Development Goals (SDGs) in a Developing Economy |
| title_sort | exploring the impact of firm level corporate governance challenges on sustainable development goals sdgs in a developing economy |
| topic | corporate governance, sustainable development goals, agency theory, south africa |
| url | https://journal.rescollacomm.com/index.php/ijbesd/article/view/740 |
| work_keys_str_mv | AT tendaimakwara exploringtheimpactoffirmlevelcorporategovernancechallengesonsustainabledevelopmentgoalssdgsinadevelopingeconomy |