- International Comparative Legal Guide - Corporate Governance 20251.85 MB
The King IV Report on Corporate Governance for South Africa 2016 (“King IV Code”) defines ‘corporate governance’ as the exercise of ethical and effective leadership by a governing body of an entity (including companies, voluntary associations and trusts) towards the achievement of an ethical culture, good performance, effective control and legitimacy.
Corporate governance applies to all entities in South Africa; however, for purposes of this chapter, corporate governance in relation to profit companies will be discussed. Profit companies are companies that are incorporated for the purpose of financial gain for its shareholders, and which include private companies, public companies, personal liability companies and state-owned companies (“SOEs”).
Report by Werksmans
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