Page 24 - 5.2 i. Manac Finance ITC Summarised Notes

STRATEGY AND GOVERNANCE

NG

Governance

• Promote corporate governance as integral to running an organisation
(delivering governance outcomes such as ethical culture, good
performance, effective control & legitimacy)
• Making the code accessible for a variety of sectors and organisations

• Corporate governance as holistic and interrelated and implemented in
an integrated manner
• Encourage transparent and meaningful reporting

• Present corporate governance with ethical consciousness and conduct

• King IV as in previous codes has a foundation in ethical and
effective leadership.

• In addition supplementary schedules have been incorporated into
the code, with the objective of giving consideration to the

various sector types (i.e. municipalities, no-profit organisations,
retirement funds, SME’s and state owned entities (IoD, 2016).

• For purposes of this course only sector supplements relating to

SME’s is required to be studied.

24