King III
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Our History

IoDSA History Timeline

1960

  • Institute of Directors in London established a branch in South Africa to canvass the business community to join the London institute

 


1960-1970

  • Membership grows from 450 to 1319

 


1985

  • Number of members 1480
  • 17 June: The IoDSA is incorporated as a Section 21 company under the Companies Act, 1973

 


1986

  • The IoDSA takes up premises for its first offices at Suite 102, Van Leer House, 15 Wellington Road, Parktown, Johannesburg.
  • The initial rent amounts to R14.70 per month!

 


1991

  • The first Chief Executive of the IoDSA is appointed

 


1992

  • The IoDSA Council approaches Prof. Mervyn King with a mandate to form a committee responsible for drafting of guidance on corporate governance for South Africa.
  • The IoDSA serves as a secretariat for the King Committee

 


1994

  • The first King Report on Corporate Governance (King I) is issued and the King Committee assigns ownership of this and future reports to the IoDSA

 


2001

  • The IoDSA establishes a Director Development service offering

 


2002

  • The second King Report on Corporate Governance for South Africa (King II) is issued at a conference at the Sandton Convention Centre

 


2003

  • Membership grew to 3000

 


2009

  • The IoDSA starts facilitating board appraisal services
  • The third King Report on Governance for South Africa (King III) is issued in September at a conference at the Sandton Convention Centre
  • As it evolved to become an independent institute in its own right, the IoDSA ends its formal affiliation under the IoD UK in favour of a relationship between equals. New branding is adopted to evidence this newly established identity

 


2010

  • At the AGM new Articles of Association are adopted by members in terms of which governance is vested in a board of directors instead of Council
  • The Governance Assessment Instrument (GAI), a software tool that assist companies and other entities and organisations to implement, assess and report on the application of King III, is made available

 


2011

  • The Code for Responsible Investing in South Africa (CRISA) is launched. The CRISA committee has been convened by the IoDSA and the IoDSA serves as its secretariat
  • The milestone of 5000 members is reached

 


2012

  • The IoDSA is awarded status as professional body for directors by the South African Qualifications Authority (SAQA)

 


2013

  • The IoDSA launches the Chartered Director (South Africa) designation

 


 

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