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King 4

Corporate Governance King 4

What is King 4 “Corporate Governance”

The third report on corporate governance in South Africa, authored by the King Committee, has been published as the King Report on Governance for South Africa 2009 and the King Code of Governance Principles, commonly referred to as King 4. The object of corporate governance rules is to improve the quality of leadership which boards are giving to their businesses. Corporate governance guidelines seek to assist directors to understand what good governance requires of them.

Benefit of Implementing king 4 “Corporate Governance”

  1. Increases “value of entity”

  2. Gives confidence to market

  3. Enhances reputation of business

  4. Enhances empowerment of all stakeholders

  5. Improves efficiency

  6. Encourages innovation

  7. Enhances competitive advantages

  8. Meets financial, legal and statutory obligations

  9. Ensures accountability

  10. Encourages proper decision-making

  11. Eliminates conflicts of interest

  12. Creates sustainable business

king 4

Implementation phases but not limited to :

  1. Conduct Gap analysis and evaluate current Situation according to the standard requirements.

  2. Identify needs and expectations of the organization.

  3. Hold Awareness training sessions.

  4. Create management system including, “Policies, Manuals, Processes, Templates, etc.) .

  5. Integrate new system with other active management systems within the organization.

  6. Support in implementation of all standard requirements.

  7. Hold certified Training Course.

  8. Conduct Internal audit and follow up closing Nonconformities.

  9. Prepare for external audit.

Our values in executing the Standard:

  1. Implementation of government directions to enhance the international competitiveness.

  2. Implement international best practices in standard’s field.

  3. Compatibility with the fourth-generation excellence requirements.

  4. Build a management system that helps to achieve, Pioneering locally and globally

  5. Create success stories to participate in Global Awards