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www2.deloitte.com
KINGIVBOLDERTHAN EVER01 king IV Bolder than ever | IntroductionWhile we acknowledge that most companies suffer from regulation fatigue, we welcome this new version of the king Code as it not only provides a more practical, principle-based approach to good corporate governance, but also incorporates both global public sentiment and international regulatory change since king III was issued in 2009. In our view, king IV is bolder than ever before. Firstly, the Code is principle based and follows an outcomes-based rather than rules-based approach. This is in line with current international sentiment which promotes greater accountability and transparency and speaks to the expressed view that the application of the Code should contribute to the performance and health (sustainability) of the company. In this regard it is clear that king IV aims to establish a balance between conformance and performance.
The King Committee published the King IV Report on Corporate Governance for South Africa 2016 (King IV) on 1 November 2016. King IV is e ective in respect of 4nancial years commencing on or after 1 April 2017. King IV replaces King III in its entirety. 02 King IV Bolder than ever | Executive summary ...
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