Source data
King V principles by responsibility
Sources checked
- 01Board leadership
The governing body sets direction, monitors progress and is accountable for its decisions. Source 1
- 02Governance principles
The code sets objectives for the organisation to pursue. The table below covers all 13. Source 1
- 03Recommended practices
Organisations put the principles into effect through practices suited to their circumstances. Source 1
- 04Governance outcomes
The code identifies outcomes in ethics, value creation, controls and legitimacy. Source 1
Thirteen principles translate board responsibilities into objectives. Recommended practices show how organisations can work towards them.
King V principles by responsibility
The table summarises the Institute of Directors in South Africa’s King V principles in plain language. Use the linked code and sector guidance for the full framework and context.
| Source | |||
|---|---|---|---|
| 1 | Leadership | Ethical conduct and effective direction from the governing body | Source 1 |
| 2 | Organisational ethics | An ethical workplace and responsible conduct as a corporate citizen | Source 1 |
| 3 | Strategy | A business model and strategy that support sustainable value | Source 1 |
| 4 | External reporting | Information that helps stakeholders assess changes in value over time | Source 1 |
| 5 | Board composition | A balance of capabilities, diversity and independence | Source 1 |
| 6 | Board committees | Clear delegation within the governing body’s own structures | Source 1 |
| 7 | Management | Clear responsibilities and powers for executives and the governing body | Source 1 |
| 8 | Risk | Oversight of uncertainty in relation to strategy and objectives | Source 1 |
| 9 | Compliance | Oversight of laws and voluntarily adopted standards and policies | Source 1 |
| 10 | Data and technology | Direction and oversight of information, data and technology | Source 1 |
| 11 | Remuneration | Fair, responsible and transparent approaches to pay | Source 1 |
| 12 | Assurance | Internal controls and reliable information in external reports | Source 1 |
| 13 | Stakeholders | Consideration of stakeholders in the organisation’s long-term interests | Source 1 |