King IV is Just the Next Evolutionary Step

The latest iteration of King guidelines – to be released on 1 November – is nothing more than the next evolutionary step for corporate governance to remain relevant, assesses where we are, and point the way forward. Corporate governance specialist, Richard Foster, who serves as an independent non-executive director in various South African and foreign companies, said King IV would directly assist in driving growth in the current economic climate. “King IV sets out simple parameters by which entities such as companies including SMEs, NPOs, parastatals, retirement funds and municipalities can improve their governance practices and reap better outcomes via exceeding investor and other stakeholder expectations, said Foster.