African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4142

Full Length Research Paper

Corporate governance disclosure practices by Swaziland public enterprises

Kabir Md. Humayun1* and Ismail Adelopo2    
1Department of Accounting, Faculty of Economics and Finance, Tshwane University of Technology, South Africa. 2Leicester Business School, De Montfort University, United Kingdom.    
Email: [email protected]

  •  Accepted: 08 May 2012
  •  Published: 20 June 2012

Abstract

This paper presented an account of corporate governance disclosure practices by public enterprises in Swaziland. The study was an attempt to compare the findings to the corporate governance disclosure requirements constructed by the United Nations. Findings revealed that the idea of corporate governance disclosure in general is a relatively new requirement for Swaziland business organizations and, at present, Swaziland does not have a specific framework for corporate governance which can be applicable to all business entities. The study also showed that the most important area regarding corporate governance disclosure was the financial transparency disclosure issues while the least important related to auditing disclosure issues. The study encouraged Swaziland government and companies to focus on improving the governance disclosure levels and develop a common corporate governance framework which will be applicable to all entities in order to enhance good corporate governance practices in the country. But such framework must take the socio-cultural and institutional conditions in Swaziland into account rather than transplanting corporate governance framework from different setting.

 

Key words: Corporate governance, corporate governance disclosure practice, public enterprise.