|King Report on Corporate Governance in SA|
The Institute of Directors in Southern Africa (IoDSA) formally introduced the
King Code of Governance Principles and the King Report on Governance (King III).
The Code and the Report which were unveiled at the Sandton Convention Centre in
Sandton, Johannesburg, in September 2009.
King III came into effect on 1 March 2010 – until then King II applied. The new Code and Report also falls in line with the Companies Act no 71 of 2008, which became effective on 1 May 2011. Like its 56 commonwealth peers, King III has been written in accordance to the comply or explain principle based approach of governance, but specifically the apply or explain regime. This regime is currently unique in the Netherlands and now in South Africa. Whilst this approach remains a hotly debated issue globally, the King III Committee continues to believe it should be a non-legislative code on principles and practices
To access the King Code on Governance in SA 2009 select PDF link in library below.
IoDSA King III Practice Notes
Amendment to King III
To access the amendment to the King Code on Corporate Governance in SA 2009 select PDF link in library below.
The King Committee on Corporate Governance launched the King Report on Corporate
Governance for South Africa – 2002 (King II Report) at an Institute of Directors
(IoDSA) Conference attended by 700 persons at the Sandton Convention Centre, 26
The Institute of Directors in Southern Africa (IoDSA) established in July 1993 the King Committee on Corporate Governance. The King Committee produced the first King Report on Corporate Governance which was published 29 November 1994.
The first King Report was recognised internationally, when published, as the most comprehensive publication on the subject embracing the inclusive approach to corporate governance.
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