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UNDERSTANDING KING IV

UNDERSTANDING KING IV. Syd Eckley. KING IV PROFILE. What is King IV? A set of 17 reliable guidelines towards a ‘value created’ organisation What does it mean? Governed by responsible, transparent, accountable leaders Towards ethical management practices To be a corporate citizen.

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UNDERSTANDING KING IV

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  1. UNDERSTANDING KING IV Syd Eckley

  2. KING IV PROFILE • What is King IV? • A set of 17 reliable guidelines towards a ‘value created’ organisation • What does it mean? • Governed by responsible, transparent, accountable leaders • Towards ethical management practices • To be a corporate citizen

  3. KING IV PROFILE (2) • Is King IV compulsory? • NO • However, in the event of external or internal conflict, a King IV aligned organisation will save the day • PWC and deLoittes is committed to ensure compliance of their clients • When will King IV become operational? • 1 April 2018

  4. KING IV MAP • Who should adopt the King IV approach? • All types of organisations(profit & non profit organisations) 1. Basic Responsibilities • Strategic structures and processes • Policies to cover total management spectrum • Oversight towards quality assurance and built-in checks and balances • Disclosure towards transparency and accountability

  5. KING IV MAP (2) 2. Ethical culture • Leadership • Management ethics • Responsible citizenship 3. Performance and Value creation • Acknowledge and appreciate sound codes of practice regarding money, people and things • Stakeholder involvement – consulted, informed assessment and decision making

  6. KING IV MAP (3) 4. Adequate and effective Management & Control • Custodian governance • Effective and competent Board appointments • Balanced power and responsibilities • Appointment of competent Executive Management • Performance evaluation /assessment • Govern risk and opportunities effectively

  7. KING IV MAP (3 continued) 4. Adequate and effective Management & Control • Manage technology and information • Legal compliance • Fair and transparent management practices including remuneration • Internal and external quality assurance-DQA

  8. KING IV MAP (4) 5. Trust Reputation and Legitimacy • Inclusivity of stakeholders /clients • Responsible institutional investors – future perspective

  9. KING IV COMPLIANCE SCORE CARD

  10. KING IV COMPLIANCE

  11. KING IV COMPLIANCE

  12. KING IV COMPLIANCE

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