Corruption and corporate malfeasance, often in the form of white-collar crime, is alive and kicking in the private sector. It may not be as pervasive as in the public sector but it is prevalent, especially where the pickings are rich. Where there are accountability requirements, they can often be kept under wraps with the usual excuses about the need for confidentiality and so on.
Corruption and mismanagement dot the landscape of the public sector to the extent that we often think that is where it starts and finishes. No. First, a lot of public sector corruption has a component input from the private sector. The unholy alliance of public and private sector entities is a lethal combination in mega, grand and petty corruption.
FORENSIC AUDIT
Secondly, corruption and corporate malfeasance, often in the form of white-collar crime, is alive and kicking in the private sector. It may not be as pervasive as in the public sector but it is prevalent, especially where the pickings are rich. One reason why it does not necessarily get the oxygen of publicity and exposure is because, essentially, private business does not often need to account to the public. Where there are accountability requirements, they can often be kept under wraps with the usual excuses about the need for confidentiality and so on.
Let me turn to one of the more venerable institutions: the former European Hospital, now known as Nairobi Hospital. At the outset, I have to admit that I have a soft spot for the his institution has a credible trailblazing past and contributed to the upholding of standards in the wider medical arena. For example, the Cicely McDonnell School of Nursing has often set the pace in nursing education and standards in Kenya over the past half a century and many reputable medical practitioners cut their teeth there.
Nairobi Hospital is owned by the Kenya Hospital Association, a company limited by guarantee, and is ultimately answerable to its members, who are also shareholders and stakeholders. Of late, Nairobi Hospital has been going through a rough patch. But this is not unusual and the name of the game is to learn what is wrong and confront and resolve the issues.hospital as I spent nine years on its board of management at a time when it was struggling.
This institution has a credible trailblazing past and contributed to the upholding of standards in the wider medical arena. For example, the Cicely McDonnell School of Nursing has often set the pace in nursing education and standards in Kenya over the past half a century and many reputable medical practitioners cut their teeth there.
Source: Daily Nation