King v Booklet

The King Code on Corporate Governance has guided South African business practices for over three decades, establishing global benchmarks for fairness, transparency, and accountability. The 5th iteration of the King Code (published 9 years after the King IV Code), the King V Code, introduces a standardised disclosure framework, mandating the online publication of governance practices and explanations for any deviations.

The framework is structured around 13 principles set out under the Code.

The King V Code simplifies and improves the language, structure, and format of the framework developed under previous iterations of the King Code, as is evident in the straightforward manner in which each principle is framed. Each principle addresses 3 overarching themes: (i) steering and setting direction, (ii) policy and planning, and (iii) oversight and monitoring.