The King Reports on Corporate Governance were ground-breaking codes of corporate governance in South Africa issued by th

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The King Reports on
Corporate Governance were ground-breaking codes of corporate
governance in South Africa issued by the King Committee on
Corporate Governance. Four reports were issued in 1994 (King I),
2002 (King II), 2009 (King III) and 2016 (King IV).
Compliance with the
King Reports is a requirement for companies listed on the
Johannesburg Stock
Exchange. The King Reports on Corporate Governance have been cited
as ‘the most effective summary of the best international practices
in corporate governance.
Unlike other
corporate governance codes such as Sarbanes-Oxley, the code is
nonlegislative and is based on principles and practices. It also
espouses an ‘apply or explain’ approach.
The philosophy of
the code consists of the three key elements of leadership,
sustainability, and good corporate citizenship. It views good
governance as essentially being effective, ethical leadership.
Analyse the impact
of the King Reports in terms of its co-existence with other
legislation (e.g. the Companies Act) that applies to companies and
directors.
The King Reports on
Corporate Governance were ground-breaking codes of corporate
governance in South Africa issued by the King Committee on
Corporate Governance. Four reports were issued in 1994 (King I),
2002 (King II), 2009 (King III) and 2016 (King IV).
Compliance with the
King Reports is a requirement for companies listed on the
Johannesburg Stock
Exchange. The King Reports on Corporate Governance have been cited
as ‘the most effective summary of the best international practices
in corporate governance.
Unlike other
corporate governance codes such as Sarbanes-Oxley, the code is
nonlegislative and is based on principles and practices. It also
espouses an ‘apply or explain’ approach.
The philosophy of
the code consists of the three key elements of leadership,
sustainability, and good corporate citizenship. It views good
governance as essentially being effective, ethical leadership.
Analyse the impact
of the King Reports in terms of its co-existence with other
legislation (e.g. the Companies Act) that applies to companies and
directors.