King IV

Focuses on corporate governance

Exercise of ethical and effective leadership by governing body

Good performance

Effective control

Ethical culture

Legitimacy

Governing body responsibilities

Oversees and monitors implementation and execution by management

Ensures accountability

Approves policy and planning

Steers and sets strategic direction

Objectives of King IV

Reinforce corporate governance as holistic and interrelated set of arrangements

Encourage transparent and meaningful reporting to stakeholders

Broaden acceptance of the KING IV

Present corporate governance as concerned with ethical consciousness and conduct.

Promote corporate governance

Underpinning philosophies

Sustainable development

Stakeholder inclusivity

The organisation is an integral part of society

Corporate citizenship

Integrated thinking

Integrated reporting

Highlights of the KING IV code

Technology and information

Compliance

Risk and opportunity

Social and ethics committees

Remuneration

Performance evaluations of the governing body

Assurance and internal audit

Corporate governance services to the governing body

Auditor and audit requirements

Tax

Delegation to committees

Shareholder activism

Delegation to management

Dispute resolution

Balanced composition of governing bodies and independence

Integrated reporting

KING IV in action

Leadership of governing body

Steers and sets strategic direction

Approves policy and planning

Oversees and monitors

Ensures accountability

Principles

Embody aspirations towards good corporate governance

19 Principles in total

Practices lead to Outcomes

Legitimacy

Effective control

Good performance

Ethical culture