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Economic development a responsibility for all-AICC

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The African Institute of Corporate Citizenship (AICC) has said government alone cannot manage to develop and eradicate poverty among its citizenry without contributions from other sectors.

AICC Chief Executive Officer Felix Lombe said this during a two-day media workshop on corporate citizenship in Mangochi.

Lombe said everything cannot be left in the hands of the government alone as its resources are limited.

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“There is so much mention of the need to work together amongst several actors. There are a number of commitments and aspirations within the country and abroad. Poverty as well as development cannot be fostered in the absence of other player’s in this case private sector as well as civil society. We cannot leave everything in the hands of the government.

“In fact the government is just a small player in the whole development sector, controlling about 30 to 40 percent of resources needed to ensure that development is taken to some level,” he said.

Lombe said the principle of corporate citizenship places equal obligations on all players, the government, civil society organisations and the private sector.

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He said the belief in togetherness results in shared prosperity, mutual responsibility and sharing proceeds of development equitably.

“This helps to eliminate unemployment, poverty and inequality,” he said.

Lombe further said businesses need to follow theories that will make them sustainable.

He said it is important that for every business to remain sustainable they have to follow four principles of competitiveness, sustainable longevity, corporate social accountability and corporate governance.

On competitiveness, Lombe said competition brings innovation, efficiency and effectiveness, adding that where there is no competition quality is compromised.

He further said sustainable longevity ensures that businesses are mindful that the environment is changing.

“Business entities have to operate with the awareness that whatever resources they are using they have to re-generate them or use them wisely,” said Lombe.

On corporate social accountability, Lombe said it is a must that companies be held accountable when it comes to the plight of the communities they are operating in.

He also said companies should bear in mind that they operate legally and respect human rights of their employees and abide by corruption laws.

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