Page 22 - Profmark BSA Guide 2025

■ Have the appropriate balance of knowledge, skills, experience, diversity and
independence.
■ Delegate within the board to promote independent judgement, and assist with the
balance of power and effective discharge of duties.
■ Evaluate board’s performance and support continued improvement and
effectiveness.
■ Appoint and delegate to management in a way that contributes to role clarity and
the effective exercise of authority and responsibilities.
■ Govern risk in line with strategic objectives.
■ Govern information and technology in line with strategic objectives.
■ Comply with applicable laws and adopted, non-binding rules, codes and
standards.
■ Remunerate fairly, responsibly and transparently.
■ Use assurance services and functions to enable an effective control environment
which supports the integrity of information.
■ Adopt a stakeholder-inclusive approach.
■ Practise responsible investment which promotes good governance and the
creation of value (applies to institutional investor organisations).

The King V™ Report on Corporate Governance for South Africa
2025 (Draft)
The King V™ Report, a draft of a new South African corporate governance code,
was released for public comment in February 2025. It’s a revised and streamlined
update of the previous King IV™ Report. The King V™ draft aims to make corporate
governance principles more accessible and understandable, while also incorporating
recent developments in areas like sustainability reporting and technology. More
specifically, the draft provides for:
■ Stricter rules
■ Social transformation
■ Simplicity
■ Pay Equity

Source:
The King IV Report on Corporate Governance for South Africa 2016, Institute of Directors S.A.
For more information, see http://www.iodsa.co.za/?page=AboutKingIV”
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