1. UNDERSTANDING KING IV
Syd Eckley

2. KING IV PROFILE What is King IV? What does it mean?
A set of 17 reliable guidelines towards a ‘value created’ organisation
What does it mean?
Governed by responsible, transparent, accountable leaders
Towards ethical management practices
To be a corporate citizen

3. KING IV PROFILE (2) Is King IV compulsory?NO
However, in the event of external or internal conflict, a King IV aligned organisation will save the day
PWC and deLoittes is committed to ensure compliance of their clients
When will King IV become operational?
1 April 2018

4. KING IV MAP Who should adopt the King IV approach?
All types of organisations (profit & non profit organisations)
1. Basic Responsibilities
Strategic structures and processes
Policies to cover total management spectrum
Oversight towards quality assurance and built-in checks and balances
Disclosure towards transparency and accountability

5. KING IV MAP (2) 2. Ethical culture 3. Performance and Value creation
Leadership
Management ethics
Responsible citizenship
3. Performance and Value creation
Acknowledge and appreciate sound codes of practice regarding money, people and things
Stakeholder involvement – consulted, informed assessment and decision making

6. KING IV MAP (3) 4. Adequate and effective Management & Control
Custodian governance
Effective and competent Board appointments
Balanced power and responsibilities
Appointment of competent Executive Management
Performance evaluation /assessment
Govern risk and opportunities effectively

7. KING IV MAP (3 continued)
4. Adequate and effective Management & Control
Manage technology and information
Legal compliance
Fair and transparent management practices including remuneration
Internal and external quality assurance-DQA

8. KING IV MAP (4) 5. Trust Reputation and Legitimacy
Inclusivity of stakeholders /clients
Responsible institutional investors – future perspective

9. KING IV COMPLIANCE SCORE CARDNO
REQUIREMENTS
YES 1.
Agreements fully legal, clear, fair with full disclosures 2.
Vision, Mission and Core Values – 100% buy-in of stakeholders (internal and external) 3.
Organisational structure: Representative, legally compliant—decision making and communication clear

10. KING IV COMPLIANCE NO REQUIREMENTS YES 4.
Code of Conduct for Board Members – fiduciary alignment 5.
Induction of Board Members 6.
Annual assessment of Board and management operations – self and independent

11. KING IV COMPLIANCE NO REQUIREMENTS YES 7.
Declaration of Board interests and gifts 8.
Inclusive Financial Policy: control, disclosure, contracts, interests 9.
Conduct rules – clear and applied

12. KING IV COMPLIANCE NO REQUIREMENTS YES 10.
Internal Ombud System and dispute resolution process