King III 2009
Every decision counts
Boards of directors are confronted with many difficult decisions on a regular basis. The right choice is not always obvious. The King Report on Governance for South Africa 2009 (King III) provides a list of best practice principles to assist and guide directors to make the right choice for their company.
These principles have become an indispensable guide on Corporate Governance to directors, executives and regulators alike. King III provides guidance to all corporate entities on various governance related aspects, including:
- Ethical leadership and corporate citizenship
- Boards and directors
- Audit committees
- The governance of risk
- The governance of information technology (IT)
- Compliance with laws, rules, codes and standards
- Internal audit
- Governing stakeholder relationships
- Integrated reporting and disclosure
Timeline for implementation
The King III report was released on 1 September 2009. Practice Notes will be published from time to time to provide guidance with regard to specific issues. King III will be effective from 1 March 2010.
Related links
Learn more
- King III Maturity Dashboard
- King III and the Companies Act
- King III emphasises sustainability
- What's new in King III
- King III - Boards and Directors
- King III - Audit Committee and Integrated report & Disclosure
- King III - Internal Audit & Governance of risk
- Stakeholder management and ADR
- IT governance, Compliance with laws, rules, codes and standards