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ARTICLE · 02 MARCH 2022

Developments In Corporate Governance Frameworks

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The King IV Report on Corporate Governance" in South Africa1 was published in 2016 and is the current South African applicable corporate governance code.

South AfricaCorporate/Commercial Law
Nicolene Schoeman-Louw
Nicolene Schoeman-Louw

The King IV Report on Corporate Governance" in South Africa1 was published in 2016 and is the current South African applicable corporate governance code. It is recognized by the South African Courts, government structures, and most local organizations. In addition, a number of African Countries also apply the standard.

ISO 37000 was published in September 2021 as an international guidance standard for the governance of organizations. ISO 37000, however, is a guidance standard specifically for governance and is not a certifiable standard.

According to the Institute of Directors of South Africa ("IODSA")1 and under King IV, the following is a focus:

Good performance

Good performance is an organization achieving its strategic objectives and positive outcomes as measured against its effects on the capital it uses.

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