New King IV on Corporate Governance

Workshop dates:

Johannesburg:  14 August 2017
Durbanville, Cape Town:  19 October 2017

Course Fee: 

Single: R4,700.00 (R5,358.00 incl. VAT)
Early Bird Fee:  R3,760.00 (R4,286.40 incl. VAT) for all registrations received and paid for by 10 August 2017
In-House:  Minimum of 10 delegates R22,000.00 excl. VAT per delegate plus travelling expenses.

INTRODUCTION

In preparation for the King IV Code, this seminar aims to prepare organisations that will be bound to report (and comply) under the new Code. King IV replaces King III in its entirety.

King IV Code comes into effect in respect of financial years commencing on or after 1 April 2017. Organisations with a year-end of 31 March 2018 will therefore be the first to report under the new Code.

The New Code is principles-based and outcomes-based, and takes the challenges and realities of today’s business world into account. King IV Code, as before, focuses on stakeholder inclusivity and emphasises that organisations are not only responsible for the economic bottom line, but seriously need to consider the societal and environmental effects and outcomes of their operations.

Mervyn King, Chairman of the King Committee recently said: An updated c-o-d-e became necessary because of international and local developments in corporate governance. King IV builds on the strengths of King III and provides enhanced guidance on emerging topics such as integrated thinking, levels of assurance and IT governance.

The King IV Report is applicable to all types of organisations and governing bodies, across various sectors.
This includes public and private institutions, non-profit organisations, municipalities and pension funds.

The exercising of these duties and the implementation of the King IV code provide an organisation with the necessary building-blocks for a sound foundation of good corporate governance.

High profile speakers and experts in their respective fields are participating in this seminar.

SEMINAR OUTLINE

  • What is King IV and when will it become effective?
  • Why the update from King III?
  • The difference between King III and King IV
  • The 17 principles and implementation thereof
  • Sectoral Implementation
  • Ethical and effective Leadership
  • Transparency and targeted, well-considered disclosures
  • Balancing remuneration packages of executives:
    * Implications of King IV on remuneration practices
    * How will the changes in King IV affect your organisation?
    * What are the global trends on executive remuneration and how does it affect South Africa?
  • Role and responsibilities of stakeholders
  • Consequences of non-compliance

ABOUT THE FACILITATOR

Charles has been a business consultant for the past 15 years and has been involved in a variety of different disciplines.   Charles is involved in programmes at various Business Schools where he both lecture and write course material in Commercial Law, the Companies Act, the Consumer Protection Act, HR Management and has a long standing relationship with the Institute of Credit Management.

He has further been involved in training for companies like ABSA, FNB and Standard bank in facilitating training in amongst other Economics, Financial Management, Corporate Governance, Risk and Compliance and many other topics.

Charles has been formally employed as a company secretary, contracts buyer, property manager, asset and portfolio manager, financial manager and have been self- employed for the past 16 years. In addition, Charles formally studied Law and Commerce.

       
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