An Essay on the Ethical and Corporate Governance Issues in the 2003/4 Zimbabwean Banking Crisis

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dc.contributor.authorNyangara, Davis
dc.contributor.authorNyangara, Melody R.
dc.contributor.authorMazviona, Batsirai Winmore
dc.date.accessioned2015-12-08T09:49:56Z
dc.date.accessioned2023-06-26T12:08:42Z
dc.date.available2015-12-08T09:49:56Z
dc.date.available2023-06-26T12:08:42Z
dc.date.issued2014
dc.descriptionAn Essay on the Ethical and Corporate Governance Issues in the 2003/4 Zimbabwean Banking Crisisen_US
dc.description.abstractThis paper reviews the ethical and corporate governance issues that characterized the 2003/4 Zimbabwean banking crisis. There are contrasting views on the legal and moral roots of the crisis, and consequently, different analysts have come up with different assessments of the morality and professional propriety of measures adopted by the Reserve Bank of Zimbabwe (RBZ), as bank regulator, in response to the developments in the banking industry. While there is an almost universal acknowledgement among analysts that corporate governance and ethical shortcomings contributed to the crisis, there appears to be no universal theory justifying the response of the regulator. A critical review of the events surrounding the crisis, with some benefit of hindsight, points to a form of collective responsibility among bankers, regulators, and politicians. This analysis draws on deontological and teleological ethical theories to assess the resolution of the myriad of ethical dilemmas that characterized the period before and during the crisis. The analysis also relies on legal and prudential guidelines on good governance in banking institutions, in particular the Banking Act (Chapter 24:20).en_US
dc.identifier.citationNyangara, D. Nyangara, M. R. Mazviona, B. W. 2014. An Essay on the Ethical and Corporate Governance Issues in the 2003/4 Zimbabwean Banking Crisis. International Journal of Economics and Management Sciences 2014, 3:4en_US
dc.identifier.urihttp://196.220.97.103:4000/handle/123456789/593
dc.language.isoenen_US
dc.publisherOMICS Publishing Groupen_US
dc.relation.ispartofseriesInternational Journal of Economics and Management Sciences;3 (4)
dc.subjectEthicsen_US
dc.subjectDeontologyen_US
dc.subjectTeleologyen_US
dc.subjectBanking crisisen_US
dc.subjectBank regulationen_US
dc.titleAn Essay on the Ethical and Corporate Governance Issues in the 2003/4 Zimbabwean Banking Crisisen_US
dc.typeArticleen_US
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