Corporate Governace

Comparison and contrast of King III and King IV

King 111

Sustainable practices

transparency, accountabilty and fairness

Apply and Explain

Subtopic

Subtopic

King 1V

Acknowledges a global community approach of inclusivity

transparency, accountabilty and fairness

Apply and explain the process to achieve the goals

Sustainable practise

Stakeholders

Good relationship with clients

Protect the environment

Effective communication and transparency

Fighting unethical practices

Tech and Information Governance

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.

PAIA

Code of Conduct

Reporting

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

Client referral system

Social Responsibility

Corporate Citizen

Social Responsibility. South African Airways failed to observe the B-BBEE on its procurement process.https://www.saflii.org/za/cases/ZASCA/recent.html

Equal Opportunity

health and safety

Leadership

Responsible

Accountable

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

Changes and new issues adressed

State owned enterprises should be independent

ESG

Information Governance

Stakeholder inclusivity

Diversification

Business rescue

Remuneration Governance

King IV, ethics and corporate governance relationship

Corporate governance encourages stakeholders to exercise good morals for sustainability and benefit to everyone through a set of guidelines in the King 1V

Subtopic

King 1V

transparency, accountabilty and fairness

Guidelines for companies to implement good governance through soft law(ethics)

Ethics

responsible and sustainable conduct by all stake holders involved

Remuneration

Appropriate Company Structure.PRASA CEO raised his own salary by over 350%. https://www.ru.ac.za/perspective/2017archives/howgovernancefailuresmessedupprasa.html

Remuneration Commitee to decide on fair remuneration for executives and directors

Risk Governance

External Audit unrestricted access to CEO and Shareholders

Audit,risk and compliance independence

Directors and Officers are well remunerated.

Organizational Ethics

Advice to employees on ethics, norms and moral

Code Of Conduct and Ethics

Code Of Conduct and Ethics

Appropriate Company Structure.PRASA CEO raised his own salary by over 350%. https://www.ru.ac.za/perspective/2017archives/howgovernancefailuresmessedupprasa.html

Main topic

Subtopic