Extracted from Wikipedia - King Report on Corporate Governance
"Report on Corporate Governance is a ground-breaking booklet of guidelines for the governance structures and operation of companies in South Africa. It is issued by the King Committee on Corporate Governance. Three reports were issued in 1994 (King I), 2002 (King II), and 2009 (King III) and a fourth revision (King IV) in 2016. The Institute of Directors in Southern Africa (IoDSA) owns the copyright of the King Report on Corporate Governance and the King Code of Corporate Governance. Compliance with the King Reports is a requirement for companies listed on the Johannesburg Stock Exchange. The King Report on Corporate Governance has been cited as "the most effective summary of the best international practices in corporate governance""
We hear a lot about King III in the press today, but just What is King III?
KING III is arguably the world’s leading corporate governance standard
KING III is the term used to refer to both “The King Report on Corporate Governance for South Africa (The Institute of Directors in Southern Africa) September 2009” and “The King Code on Corporate Governance for South Africa (The Institute of Directors in Southern Africa) September 2009”.
KING III was effective in SA from 1 March 2010 and applies to all entities regardless of the manner incorporation
KING III will be superseded by King IV on 1 November 2016
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