The Institute of Directors (IOD) has published the Draft King IV Report for comment. Deloitte has provided SACCI with their assessment of the impact of the proposals regarding ethical leadership and the governance of ethics, a copy of which is attached for reference. Several other consulting companies have prepared inputs which have been posted on the relevant websites.
The Draft King IV Report explains the governance of ethics as the role of the Board in ensuring that the ethical culture within the organisation is aligned to the tone set by the Board through the implementation of appropriate policies and practices.
The closing date for comments is 15 May 2016.
To submit comments please go to the website of the Institute of Directors at http://www.iodsa.co.za/page/KingIVcommentprocess.
SACCI would appreciate it if you would please copy us on your inputs.
Get the Report on Corporate Governance 2016 Here
Get the Ethical Leadership and the Governance of Ethics Document HERE