Corporate Governace
Main topic
Organizational Ethics
Code Of Conduct and Ethics
Advice to employees on ethics, norms and moral
Risk Governance
Directors and Officers are well remunerated.
Audit,risk and compliance independence
External Audit unrestricted access to CEO and Shareholders
Remuneration
Remuneration Commitee to decide on fair remuneration for executives and directors
Appropriate Company Structure.PRASA CEO raised his own salary by over 350%. https://www.ru.ac.za/perspective/2017archives/howgovernancefailuresmessedupprasa.html
King IV, ethics and corporate governance relationship
Ethics
responsible and sustainable conduct by all stake holders involved
Guidelines for companies to implement good governance through soft law(ethics)
Corporate governance encourages stakeholders to exercise good morals for sustainability and benefit to everyone through a set of guidelines in the King 1V
Changes and new issues adressed
Remuneration Governance
Business rescue
Diversification
Stakeholder inclusivity
Information Governance
ESG
State owned enterprises should be independent
Leadership
Co conflict of interest.Old mutual CEO Dividend paid by an investment company he partially owned .https://theconversation.com/when-a-company-falls-out-with-its-ceo-lessons-from-south-africas-old-mutual-130135
Accountable
Responsible
Corporate Citizen
health and safety
Equal Opportunity
Social Responsibility. South African Airways failed to observe the B-BBEE on its procurement process.https://www.saflii.org/za/cases/ZASCA/recent.html
Reporting
Social Responsibility
Client referral system
Transparency. The Steinhoff case in which they were accounting irregularities.https://www.studocu.com/en-za/document/middelburg-combined-school/business-studies/steinhoff-corporate-governance-failure/103811980
Tech and Information Governance
Code of Conduct
PAIA
POPI.Applicants mobile number was made public and they were sued https://www.cliffedekkerhofmeyr.com/news/publications/2024/Sector/Technology/technology-and-communications-alert-18-september-summary-of-the-popia-case-of-munetsi-v-madhuyu-and-another#:~:text=The%20court%20found%20that%20by,are%20damages%20or%20an%20interdict.
Stakeholders
Fighting unethical practices
Effective communication and transparency
Protect the environment
Good relationship with clients
Comparison and contrast of King III and King IV
King 1V
Sustainable practise
Apply and explain the process to achieve the goals
Acknowledges a global community approach of inclusivity
King 111
Subtopic
Apply and Explain
transparency, accountabilty and fairness
Sustainable practices
