King IV understands corporate governance as a leadership issue; thus creating an ethical organisation depends on leadership that is both ethical and effective. Ethical leadership is exemplified by integrity, competence, responsibility, accountability, fairness.
Ethical leadership is exemplified by integrity, competence, responsibility, accountability, fairness, and transparency. The King Code defines corporate governance as “the exercise of ethical and effective leadership by the governing body”.
×King IV defines corporate governance as the
exercise of ethical and practical leadership by the management towards the achievement of defined governance outcomes. The four governance outcomes are ethical culture, good performance, effective control, and legitimacy. King IV reinforces the notion that good corporate governance is a holistic and interrelated set of arrangements to be understood and implemented in an integrated manner.,Also,
King IV defines corporate governance as the exercise of ethical and practical leadership by the management towards the achievement of defined governance outcomes: ethical culture, good performance, effective control, and legitimacy.Moving forward from the previous edition of the King Reports that essentially defined corporate governance as the
system in which an organisation is controlled, King IV provides a profound new definition: Corporate governance is the exercise of ethical and effective leadership by the governing body towards the achievement of four governance outcomes:
King IV™ reinforces the notion that good corporate governance is a holistic and interrelated set of arrangements to be understood and implemented in an integrated manner – good governance is not a tick-box or compliance exercise.