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KING IV ON A PAGE - Coggle Diagram
KING IV ON A PAGE
OVERVIEW
LEADERSHIP BY THE GOVERNING BODY
The governing body's primary governance role and responsibilities
Approves policy and planning
Oversees and monitors
Steers and sets strategic direction
Ensures accountability
PRINCIPLES ----> PRACTICES ----> GOVERNANCE OUTCOMES
PRINCIPLES
Principles embody the aspirations of the journey toward good corporate governance.
They guide on what organizations should strive to achieve by the application of
governance practices
.
GOVERNANCE OUTCOMES
These are the benefits that organisations could realise through good governance.
Good performance
Effective control
Ethical culture
Legiticamy
PRACTICES
Practices support and give effect to the principles.
PRINCIPLES
Custodianship
Objectivity
Delegation
Improvement
Authority
Risk
Resources
Reporting
Compliance
Apreciation
Remuneration
Responsibility
Control
Ethics
Stakeholders
Leadership
Investment