The State of South African Universities with Regards to Corporate Governance and Entrepreneurship Ecosystem

Abstract

South African universities are going through a transformation and are responsible for engaging in sustainable projects. One of the transformation reforms involves having entrepreneurial ecosystems that adopt corporate governance. On that note, the paper explores the state of South African universities about available strategies that enable an entrepreneurship ecosystem. Some of the strategies include policies, frameworks and models that contribute to the entrepreneurial ecosystem. The desktop methodology is employed where the content and descriptive analyses are utilized. There is consideration of the following themes: good governance in universities as entrepreneurial firms; policies on the third-stream income; involvement of external stakeholders in entrepreneurial universities, and barriers facing entrepreneurship sustainability. Corporate governance ensures sustainability in that entrepreneurial firms are managed in a manner that does not compromise the funds of the business and investors; produces an impactful and economic output that addresses the needs of the community; and complies with environmental regulations.