Company Law: The KING IV Report “At a Glance”
It has been eleven years since the release of King Report III, hence the need for a revision of this code of Corporate Governance.
King Code IV, in contrast to King Code III, has consolidated 76 principles into 16. These principles pertain to the ‘RAFT’ Governance ideals, namely: responsibility, accountability, fairness and transparency.
These 16 principles are categorically divided into five chapters, with each producing a governance outcome.
These 5 chapters are: Chapter 1- Leadership, Ethics and Corporate Citizenship; Chapter 2- Performance and Reporting; Chapter 3 – Governing Structures and Delegation; Chapter 4 – Governance Functional Areas; and Chapter 5 – Stakeholder Relationships... Read More