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Understanding King IV: Guidelines for Ethical Corporate Citizenship

King IV provides 17 reliable guidelines for organizations to create value, emphasizing responsible leadership, ethical management practices, and transparency. Learn about the importance, adoption, and compliance of King IV principles.

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Understanding King IV: Guidelines for Ethical Corporate Citizenship

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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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