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A S wiss‐Army Knife? A Critical Assessment of the Extractive Industries Transparency Initiative (EITI) in G hana
Author(s) -
Andrews Nathan
Publication year - 2016
Publication title -
business and society review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.524
H-Index - 21
eISSN - 1467-8594
pISSN - 0045-3609
DOI - 10.1111/basr.12081
Subject(s) - transparency (behavior) , accountability , argument (complex analysis) , context (archaeology) , function (biology) , accounting , business , corporate social responsibility , financial sector , public relations , political science , law and economics , economics , law , finance , geography , biology , biochemistry , evolutionary biology , archaeology
Within the current global atmosphere where a universally accepted police force is nonexistent, there are several voluntary norms and codes of conduct that exist to guide how corporations behave worldwide. These have come as a result of many years of poor performance in the areas of social, financial, and environmental responsibility. Such norms are expected to prescribe and proscribe certain types of corporate behavior but when one examines the reality on the ground, the story is not that straightforward. This article assesses the effectiveness of the Extractive Industries Transparency Initiative (EITI) in the Ghanaian context with a focus on the mining sector. Based on primary qualitative data the argument is that even though the EITI is performing some function, it has ways to go before it can become an across‐the‐board viable tool for transparency and proper accountability. Five prevailing weaknesses are discussed to underscore this case.