The following is a link to the new King III Report for corporate governance in South Africa. The report contains a good summary of the history of corporate governance codes, and many worthwhile provisions although I certainly do not agree with some of its emphasis. I am warming to the "adopt or explain" approach to corporate governance. Generally I also like the provisions that encourage dispute mediation. However, in many instances the provisions lack specificity to avoid disagreement over what is required and what is not required.
Link: http://www.iodsa.co.za/downloads/documents/King_Code_of_Governance_for_SA_2009.pdf
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- David Tate, Esq.
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