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Role & Objectives of the King Committee

The King Committee’s role is to fulfil a thought leadership role, promote and advance standards of corporate governance for South Africa for the benefit of the country and its people, and to endeavour to influence corporate governance developments internationally. 

In fulfilling its role, the objective of the Committee is to promote corporate governance in South Africa, through:

  • influencing and shaping the agenda for corporate governance in South Africa; 
  • issuing reports and codes of sound governance principles and practice for South Africa;
  • providing guidance on the interpretation and implementation of the aforementioned Reports and Codes, primarily through Practice Notes; 
  • researching and producing commentary on legislation and other governance development including codes, bills, and other relevant documents and papers; 
  • remaining attuned to the South African corporate governance landscape, including relevant court judgments, through stakeholder engagement and other activities; and
  • keeping abreast of international corporate governance developments, and consider practices that are appropriate for South Africa.

 

History of the King Committee

The King Committee on Corporate Governance in South Africa was formed in 1992 at the instance of the Institute of Directors in South Africa, following a decision reached at an IoDSA Council meeting on 18 July 1992, where it was agreed that there was a need for a committee to consider and address corporate governance for South Africa. It resolved that former Judge Mervyn King be approached to chair the committee.

The IoDSA obtained the support of the South African Chamber of Business (now the South African Chamber of Commerce and Industry), the Institute of Chartered Secretaries and Administrators (now the Chartered Governance Institute of Southern Africa), the South African Institute of Chartered Accountants, the Johannesburg Stock Exchange (now JSE Limited), and The Ethics Institute of South Africa.  

The King Committee was formed as a consequence of these developments and has since remained a standing committee that has met at least once each quarter. As a result, brand awareness and credibility have developed around the work of the King Committee that is invaluable for continuity purposes and the promotion of its objectives.

Composition of the King Committee

The King Committee consists of representative members (who represent and provide input on behalf of selected key stakeholder organisations in the governance landscape) and independent members who are technical experts on corporate governance (who provide input and speak on behalf of themselves).

Key role-players include:

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Ansie Ramalho

Current Chair

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Dr Reuel Khoza

Current Deputy Chair

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Prof. Mervyn King

Chair Emeritus

For an overview of the King Committee's Terms of Reference - Click here