Corrupt businesses must stand up and confess to their dirty deeds and face the consequences, University of Cape Town (UCT) Graduate School of Business Director Professor Mills Soko says.
This follows the recent #Guptaleaks, which allege corrupt activities involving big companies like KPMG, consulting giant McKinsey, SAP and engineering company Liebherr.
Business has an important role in ensuring that there is ethical conduct both in and outside companies.— Prof Mills Soko, UCT Graduate School of Business Director
Soko says South Africa should be grateful for the email leaks because they have managed to expose the level of corruption in our society.
He says companies need to introspect.
More must be done in terms of putting policies and practices in place to take companies forward as well as prevent the problem of corruption in future.
The problem is implementation. Remember, we are dealing with human beings here and human beings are prone to bribery, receiving kickbacks and cultural behaviour that pushes them to behave in ways that are unethical.— Prof Mills Soko, Director at UCT's Graduate School of Business
To hear more of this interview, listen below: