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KING IV GOVERNACE PRINCIPLES - Coggle Diagram
KING IV GOVERNACE PRINCIPLES
Principle 1: Leadership
Lead ethically and effectively
Principle 7: Roles
Appropriate balance of knowledge ,skills, diversity and independence for it to discharge its governance roles and responsibility
Principle 10: Appointment
Ensure that the appointment of and delegation to management contribute to role clarity and effective exercise
Principle 13: Compliance
The governing body should govern compliance with applicable laws, non binding rules etc
Principle 16: Execution
Adopt a stakeholder inclusive approach
Principle 4: Purpose
The governing body should appreciate the organisation core purpose
Principle 3: Citizenship
The organisation should be seen to be a responsible corporate citizen
Principle 2: Ethics
The governing body should govern the ethics of the organisation
Principle 5:Assessment
Enable stakeholders to make informed assessment of the organisation
Principle 9: Evaluation
Ensure the evaluation of its own performance and that of its committees
Principle 11: Risk
Should govern risk in a way that supports the organisation
Principle 12: Technology
The governing body should govern technology and information
Principle 15: Assurance
Ensure assurance services and functions to ensure effective control environment
Principle 14: Fairness
The governing body should ensure that the organisation remunerates fairly
Principle 17: Investment
Ensure that the responsible investment is practiced by the organisation
Principle 8:Delegation
The governing body should ensure that its arrangement for delegation within its own structures promote independent judgment
Principle 6:Custodian
Serve as the focal point and custodian of corporate governance in the organisation