CORPORATE GOVERNANCE

King IV introduces various amendments and enhancements to its predecessor, the King III report on Corporate Governance for South Africa, 2009 (King III).

It constitutes a positive step in South African corporate governance which aims to embrace a more practical approach in the governance of “organisations” which King IV defines as “a company, retirement fund, non-profit organisation, state-owned entity, municipality, municipal entity, trust, voluntary association and any other juristic person regardless of its manner of incorporation.”

Corporate governance is enhanced by these changes through, inter alia increased involvement of stakeholders, the requirements of the independence of directors, increased disclosure of information by companies and the alignment of the management of group companies.

The provisions and their consequences will become clearer through practical implementation.

Regulatory Services we provide:

• Social and ethics committee
• Information and technology
• Organisational Ethics
• Enhanced Disclosures

For any assistance contact APA Africa for reliable, quick and professional legal advice.