{"id":38696,"date":"2023-11-17T09:33:43","date_gmt":"2023-11-17T09:33:43","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/corporate-governance-ethics-to-be-amplified-gare"},"modified":"2023-11-17T10:03:45","modified_gmt":"2023-11-17T10:03:45","slug":"corporate-governance-ethics-to-be-amplified-gare","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/corporate-governance-ethics-to-be-amplified-gare","title":{"rendered":"Corporate governance ethics to be amplified -Gare"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>Boards and senior management bear the responsibility for outlining the organizational culture and for ensuring that the appropriate culture is present in the organization.<\/b><\/p>\n

This was said by Minister of Entrepreneurship, Mr Karabo Gare, at the 12th Institute of Internal Auditors Botswana (IIAB) national conference, held in Gaborone on Wednesday.<\/p>\n

Mr Gare said because leaders of organizations bear the responsibility to set the tone at the top, a challenge arises when lofty value statements are crafted; whether senior management actively embodied these principles as a guiding force for all members within the organization.<\/p>\n

\u201cTherefore it is clear that we cannot talk governance without talking ethics as the two complement each other,\u201d he said.<\/p>\n

He said boards and senior management have a key responsibility to ensure appropriate governance structures and practices, as well as ensuring that ethical practices were in place and functioning.<\/p>\n

Mr Gare said often times a number of organisations employed internal auditors but the question at hand was whether these auditors were engaged with the conviction that they were collaborative partners in efficiently achieving an organization\u2019s mission, or their employment was driven solely by legal or regulatory obligations.<\/p>\n

\u201cWhat we forget is that these are key partners in designing effective governance, risk management and control processes,\u201d he said.<\/p>\n

He noted that as an imperative, the internal audit profession should make concerted efforts towards ensuring that organisational ethical culture and governance practices were appropriate.<\/p>\n

\u201cThis can be implemented by effective evaluation of what boards and senior management put in place and making appropriate recommendations,\u201d he said.<\/p>\n

He also said an entirely new mindset was necessary, such that internal auditors should take it upon themselves to do things differently.<\/p>\n

\u201cFor instance, in order to enhance your effectiveness in addressing governance and ethical issues, you may want to be directly responsible for your self-development, and not leave your capacitation needs to your employer,\u201d he said.<\/p>\n

He said while there were more than 1 000 internal auditors currently practicing in the country, only 400 were registered with the IIAB.<\/p>\n

\u201cI understand the reason for this is that there is no legislation compelling them to register, which is another area requiring mindset change,\u201d he said.<\/p>\n

Given the important role the IIAB plays, Mr Gare implored the institute to engage with the government on the issue so that every practicing internal auditor could be brought under the ambit of the IIAB.<\/p>\n

\u201cI also urge every organisation that employs internal auditors to ensure that their internal audit team performs audits in line with the standards of their profession by ensuring all are members of the profession,\u201d he said.<\/p>\n

The IIAB President, Mr Icho Molebatsi, said in today\u2019s dynamic geopolitical, economic and social landscape, pillars of corporate governance and ethics served as a bedrock upon which sustainable business and economic success is built.<\/p>\n

\u201cThis conference is therefore aimed at providing a platform for all participants to delve into the intricacies that are essential for good ethics and governance,\u201d he said.<\/p>\n

Mr Molebatsi said the conference was meant to also interrogate the key underlying principles that denote good governance and link them to how they define the positive trajectory of organisations, industries and the nation\u2019s goals. <\/b><\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. Boards and senior management bear the responsibility for outlining the organizational culture and for ensuring that the appropriate culture is present in the organization. This was said by Minister of Entrepreneurship, Mr Karabo Gare, at the 12th Institute of Internal Auditors Botswana (IIAB) national conference, held in Gaborone on Wednesday. Mr Gare […]<\/p>\n","protected":false},"author":84,"featured_media":38695,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[233,237,234],"class_list":["post-38696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nCorporate governance ethics to be amplified -Gare - Botswana<\/title>\n<meta name=\"description\" content=\"Boards and senior management bear the responsibility for outlining the organizational culture and for ensuring that t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/corporate-governance-ethics-to-be-amplified-gare\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Corporate governance ethics to be amplified -Gare\" \/>\n<meta property=\"og:description\" content=\"Boards and senior management bear the responsibility for outlining the organizational culture and for ensuring that t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/corporate-governance-ethics-to-be-amplified-gare\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-17T09:33:43+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-17T10:03:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/11\/sm_1700202688.912628.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/corporate-governance-ethics-to-be-amplified-gare#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/corporate-governance-ethics-to-be-amplified-gare\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Corporate governance ethics to be amplified -Gare\",\"datePublished\":\"2023-11-17T09:33:43+00:00\",\"dateModified\":\"2023-11-17T10:03:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/corporate-governance-ethics-to-be-amplified-gare\"},\"wordCount\":548,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/corporate-governance-ethics-to-be-amplified-gare#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/11\/sm_1700202688.912628.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/corporate-governance-ethics-to-be-amplified-gare#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/corporate-governance-ethics-to-be-amplified-gare\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/corporate-governance-ethics-to-be-amplified-gare\",\"name\":\"Corporate governance ethics to be amplified -Gare - 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