King III

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The Link between Good Governance and Complying with the Law

There is always a link between good governance and compliance with the law. Compliance with the law is part of good governance. However, the laws stand on their own. King confirms that you should comply with the law. However, the [...]

By | May 2nd, 2016|Categories: IT Governance|Tags: , , , , , |

Must listed companies comply with King III?

There was much confusion whether listed companies had to comply with King III on governance, or they could apply it or explain why they had not applied it. Many thought that a listed company had to comply with the whole of King III [...]

By | March 5th, 2013|Categories: IT Governance|Tags: , |

The legal requirements of King III

IT Governance forms part of Corporate Governance and is dealt with in “King III″. King III comprises: the King Report on Governance for South Africa (2009); and the King Code of Governance Principles for South Africa (2009). King III applies to [...]

By | February 22nd, 2011|Categories: IT Governance|Tags: |

Get the King III Report and Code

The King Report for Corporate Governance for South Africa and the Code of Governance Principles (King III or King 3) were released on 1 September 2009. A draft of King III was previously published for comment.  The comments have been [...]

By | November 20th, 2009|Categories: IT Governance|Tags: , , , , |

Alternative Dispute Resolution clause

In a previous article we wrote about how the draft King Report recommended that an alternative dispute resolution (ADR) clause be incorporated in all contracts.  They recommended a clause, which we then converted into plain language.  We were delighted to [...]

By | November 19th, 2009|Categories: IT Contracts|Tags: , , , |

Corporate Governance: Index (Part 2)

This is an index of some legal resources related to the broad concept of corporate governance, which includes fairness, accountability, responsibility, transparency, and risk management: [Constitutional Court] Sidumo v Rustenburg Platinum Mines Ltd (GF 6778) [Navsa AJ et al, 5.10.2007] [...]

By | September 10th, 2009|Categories: IT Governance|Tags: , |

IT Governance in King III

It is interesting that IT governance is dealt with in various parts of the draft of King III. Please note that King III is still in draft form and it is likely that the IT governance aspects of King III [...]

By | May 21st, 2009|Categories: IT Governance|Tags: , , , |

King 3 published for Comment

The Draft Report for Corporate Governance for South Africa (King III or King 3) and the Draft Code of Governance Principles were released for comment on 25 February 2009. Comment should be submitted before 25 April 2009. The practice notes [...]

By | April 2nd, 2009|Categories: IT Governance|Tags: , , , , |

Corporate Governance and IT in South Africa

What is corporate governance? There are many definitions of corporate governance. Simply put, corporate governance is doing what is right, decent, honest and proper in order to hold a balance between, on the one hand, economic and social goals and, [...]

By | November 3rd, 2007|Categories: IT Law|Tags: , , |