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”

Increases “value of entity”
Gives confidence to market
Enhances reputation of business
Enhances empowerment of all stakeholders
Improves efficiency
Encourages innovation
Enhances competitive advantages
Meets financial, legal and statutory obligations
Ensures accountability
Encourages proper decision-making
Eliminates conflicts of interest
Creates sustainable business

Implementation phases but not limited to :

Conduct Gap analysis and evaluate current Situation according to the standard requirements.
Identify needs and expectations of the organization.
Hold Awareness training sessions.
Create management system including, “Policies, Manuals, Processes, Templates, etc.) .
Integrate new system with other active management systems within the organization.
Support in implementation of all standard requirements.
Hold certified Training Course.
Conduct Internal audit and follow up closing Nonconformities.
Prepare for external audit.

Our values in executing the Standard:

Implementation of government directions to enhance the international competitiveness.
Implement international best practices in standard’s field.
Compatibility with the fourth-generation excellence requirements.
Build a management system that helps to achieve, Pioneering locally and globally
Create success stories to participate in Global Awards