south africa Archives

South Africa: King Report IV Published

South Africa’s corporate governance guidance, the King Report IV, has been radically revised in its latest version. According to the Institute of Directors in Southern Africa (IoDSA) the report is considerably more accessible, making it applicable beyond public companies. The IoDSA said King III’s 75 principles have been reduced to a mere 16 in King IV, with […]

South African Stewardship Code being drafted

The South African Times has reported that a ‘group of stakeholders within the investor community have with the assistance of The Institute of Directors in Southern Africa (IoDSA) convened a committee for the drafting of a code for responsible shareholder investing’. The new Code is expected to supplement the existing King III Corporate Governance Code […]

South Africa’s PIC pushes institutional investor code

Following a decision by the South African Institute of Directors to abandon a plan to launch a code aimed at encouraging engagement by institutional investors, the Public Investment Corporation (PIC) has pledged to pursue the matter, according to BusinessDay. Next month will see the publication of the King III Report on Corporate Governance which will […]

South African Code to Recommend Say on Pay

The Institute of Directors in South Africa has published drafts of the King III Report and King III Code on Corporate Governance. Shareholders are being offered a chance for a say on pay but it won’t be mandatory. The draft code states that shareholders “should approve the company’s remuneration policy”, while noting that the Board is […]

Black managers overtake white in South Africa

Black representation in South African business has progressed much further than is generally accepted, with black representation at top management level growing by 55.9% from 2001-2006, a report by union body Solidarity has argued. According to the report – The Truth About Affirmative Action in South Africa – this growth in black representation at top […]