SA Companies Failing of King 3

Splitting the roles of chairman and CEO is a recommendation of the 2009 King 3 report on corporate governance, which recommends that the chairperson be an independent, nonexecutive director, and of the UK Corporate Governance Code. It is a JSE listings requirement, with companies required to provide justification if they breach it. Yet three companies lately have done so, and for reasons that are far from clear

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