Mr Elijah Dlamini

In: Business and Management

Submitted By elidla
Words 4420
Pages 18
ESAMI EXECUTIVE MBA ASSIGNMENT
FOR
ELIJAH S. DLAMINI
INTAKE 27
MBABANE
COURSE: CG601
STUDENT ID# 27EMB12312
INSTRUCTOR: MR G. KACHALI

TOPIC
DISCUSS THE NEXUS BETWEEN CORPORATE GOVERNANCE AND PREVENTION OF FRAUD AND CORRUPTION IN THE WORKPLACE
This paper will discuss the relationship between corporate governance and prevention of Fraud. One can safely argue that corporate governance is a medicine to cure corporate fraud in an organisation. The systems, procedures and policies set by the organisation to curb anomalies such as fraud and corruption largely entail corporate governance. To make this task easier, this paper shall define in detail the meaning of corporate fraud and later proceed by way of analysing how it can curbed by corporate governance. Wikipedia defines fraud as follows: It is a deception made for personal gain at the expense of an entity. According to GAW Kachali, it involves deception, confidence and trickery.
There is local, national, regional and global resurgence of interest on how to prevent all forms of unethical practices such as corruption and fraud in both private and public sector including public bodies. Generally institutions with resources to prevent or combat corruption and fraud in all sectors seem to thrive. This is mainly successful through the setting up of strong pillars which promote transparency, fairness, professionalism, integrity and democracy in running the organisation; this is made possible by corporate governance. Corporate governance provides a positive direction which an entity must take.
The most common definition is fraud is a generic term, and embraces all the multifarious means which human ingenuity can devise, which are resorted by an individual, to get an advantage over another by false representations.(G.A.W Kachali,2005) It is done with the purposes or intention of gaining advantage over another…...

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