Last year, I studied Governance and Ethics at Wits University. The objective of the course is to equip current and future leaders on how to manage organizations ethically. It was an important course for me because I am very much interested in matters of leadership. South Africa, Africa, and the rest of the world need stronger leadership to tackle the fundamental problems humanity endures.
When I reflected on the death of Former President FW De Klerk and South Africa’s lack of stronger leadership last month, I had been reminded of my Wits course.
The course covered the role of business in society; ethics; risk management; business management tools for governance; governance in practice. These are important modules for people who want to examine the modern state of organizational governance.
The role of business in society is a module I was more interested in. Because what the role of business is, and what it should be, has evolved over the past decades.
The course challenged my views on what the role of business is and should be in our society.
I believe, like most other people, that business exists to maximize profits for its owners. So long they maximize profits within the bounds of the law. In the process to achieve maximum profits – the society benefits by business paying taxes, employing people and other beneficial things it may choose to do without government force.