The Third King Report on governance contains various disclosure requirements for entities that claim application of the Code. This Steering Point collates the disclosure requirements of King III for the:

 

1. Integrated report

2. Annual remuneration report

3. Report of the audit committee

4. Interim financial information

5. Summarised financial information

6. Annual report of subsidiaries

 

This Steering Point supplements the September 2009 Steering Point “King III at a glance”.

 

Click here to download the PriceWaterHouseCoopers document

 

The King Committee on governance issued the King Report on Governance for South Africa – 2009 (the “Report”) and the King Code of Governance Principles – 2009 (the “Code”), together referred to as “King III” on 1 September 2009

 

The issuance of King III was necessitated by the new Companies Act of South Africa1 and changes in international governance trends since the release of the second King Report on Corporate Governance for South Africa (King II) in 2002.

 

Supporting you to realise the benefits of sound corporate governance

A new era in corporate governance began with the publication of the thirdKing Report on Governance for South Africa 2009 (King III) on 1 September.
King III was necessitated by the new Companies Act and emerging trends in international governance.

In contrast to previous reports, King III applies to all entities regardless of the manner and form of their establishment. PricewaterhouseCoopers believes that business thrives in a climate of good governance and that sound corporate practices should be integrated into the regular processes of an organisation. 

PWC are therefore committed to assist businesses to interpret and apply King III’s principles in a manner that will maximise the benefit to the organisation. Starting with the Executive guide to King III, enclosed herewith, we will help you to gain greater insight into the Report and its implications. PWC will also be hosting key topic forums and sharing our thought leadership in the weeks and months to come.

 

Download the "Steering Point of King III" by clikcing here

(Courtesy to PWC. for supplying the information)