ABSTRACT
Interest in emerging forms of environmental accounting and reporting is growing. Corporate governance is the system of checks and balances, both internal and external to companies, which ensures that companies discharge their accountability to all their stakeholders and act in a socially responsible way in all areas of their business activity. This chapter outlines an ‘extinction governance framework’ which places biodiversity protection and ecological issues at the centre of a stakeholder-inclusive approach to how organisations are directed and managed. The framework demonstrates how well-established principles and practices in South Africa’s King codes on corporate governance may evolve to incorporate specifically with the dangers posed by biodiversity loss; enable transformative types of environmental accounting and reporting; and, ultimately, prevent the extinction of species.
