Your voice matters

King V Draft – open forum

  • 25 March 2025

The King V Draft represents a pivotal moment for corporate governance in South Africa and across the African continent. This open forum offers a critical opportunity for stakeholders to directly contribute to the evolution of this standard of corporate governance to which organizations and their governing bodies will be held.

 

The King Reports have long been a cornerstone of corporate governance, not just in South Africa, but throughout Africa, where many countries have modeled their governance codes on these influential guidelines. This webinar is more than just a discussion—it’s a collaborative platform that will help articulate the critical “tone from the top” that sets ethical standards, transparency expectations, and leadership principles for organizations across sectors.

 

It is important for all stakeholders to contribute their voices as we seek to refine and strengthen governance principles for corporate accountability, organizational integrity, and broader economic sustainability. The significance extends far beyond corporate boardrooms, touching on fundamental premises of responsible leadership, ethical decision-making, and the role of businesses in driving social and economic progress across the African continent.

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Background information

The King Reports represent a transformative journey in corporate governance, originating in South Africa under the leadership of Professor Mervyn King. Beginning in 1994 with King I, these reports have been pivotal in reshaping corporate accountability, coinciding with South Africa’s democratic transition. From the initial focus on board responsibilities and ethical leadership to subsequent iterations that increasingly emphasized sustainability, stakeholder inclusivity, and integrated reporting, the King Reports have evolved from a compliance-based approach to a comprehensive framework for responsible business practices.

 

These reports have transcended their South African origins to become a benchmark for corporate governance across the African continent and beyond. Each iteration—from King I to the current King IV—has progressively expanded the understanding of corporate governance, introducing innovative concepts like integrated reporting, ethical leadership, and organizational legitimacy. Many countries have used these reports as a foundational template for developing their own governance codes, recognizing the forward-thinking approach that considers not just financial performance, but also social, environmental, and ethical dimensions of organizational management.

 

The upcoming King V Draft represents the next critical evolution in this journey, addressing contemporary challenges such as digital transformation, technological disruption, climate change, and rapidly changing global business landscapes.

 

By hosting an open forum and inviting broad stakeholder input, this event embodies the very principles the King V Draft seeks to establish: transparency, inclusivity, and collaborative governance.

 

By participating in this event, you will have a chance to add your name to the Good Governance Academy’s feedback on the draft. This approach ensures that the final document will reflect diverse perspectives, emerging challenges, and collective wisdom from across various sectors, continuing the King Reports’ legacy of pioneering progressive, holistic corporate governance standards.

Click here to access the King V Draft documentation

Our special guests

Prof Mervyn King Head and Shoulders 620px
Bob-Garratt
Arlene-Lynn-Volmink
Owen Skae Head and Shoulders
Rianne Potgieter
Elsabe Kirsten
Carolynn Chalmers 620px

DETAIL

 

DATE:
25 March 2025

 

TIME: 

08:00 – 09:30 UTC

08:00 – 09:30 UK

08:00 – 09:30 Ghana

09:00 – 10:30 CET

09:00 – 10:30 Nigeria

10:00 – 11:30 South Africa

11:00 – 12:30 Kenya

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Please do get in touch if you don’t receive this email!

 

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© 2024 Good Governance Academy

Prof. Mervyn King

Patron, Good Governance Academy

Mervyn King is a Senior Counsel, former Judge of the Supreme Court of South Africa, and designated Chartered Director (South Africa). He is Professor Extraordinaire at the University of South Africa, Honorary Professor at the Universities of Pretoria and Cape Town, and a Visiting Professor at Rhodes University. He has honorary Doctorates from Wits University and Stellenbosch University in South Africa, Leeds University in the UK, and Deakin University in Australia.

 

Mervyn is honorary fellow of the Institute of Chartered Accountants of England and Wales; the Institute of Internal Auditors of the UK; the Chartered Institute of Management Accountants; the Certified Public Accountants of Australia; the Chartered Institute of Public Relations of the UK, and the Chartered Secretaries and Administrators.

 

Mervyn is Chair Emeritus of the King Committee on Corporate Governance in South Africa, as well as of the Value Reporting Foundation (incorporating the International Integrated Reporting Council and SASB) and the Global Reporting Initiative (GRI). He has received Lifetime Achievement Awards for promoting quality corporate governance globally, from several institutions.

 

Mervyn chairs the Good Law Foundation and has chaired the United Nations Committee of Eminent persons on Governance and Oversight. He is a member of the Private Sector Advisory Group to the World Bank on Corporate Governance and of the ICC Court of Arbitration in Paris. Mervyn currently chairs the African Integrated Reporting Council and the Integrated Reporting Committee of South Africa and is Patron of the Good Governance Academy.

 

Mervyn has been a chair, director and chief executive of several companies listed on the London, Luxembourg and Johannesburg Stock Exchanges. He has consulted, advised and spoken on legal, business, advertising, sustainability and corporate governance issues in over 60 countries and has received many awards from international bodies around the world including the World Federation of Stock Exchanges and the International Federation of Accountants.

 

He is the author of many books on governance, sustainability and reporting, the latest being “The Healthy Company.”

Bob Garratt

Corporate Governance Doyen

Bob is a ‘pracademic’ – a businessman and director who has always kept one foot in academia to ensure that he keeps his clients’, and himself, honest. He has consulted at the highest levels in some 40 countries and been chairman of consultancies in Hong Kong, Singapore and London. He has worked with the International Monetary Fund, Washington DC, the Saudi Arabian Monetary Authority, and given evidence to the UK Treasury Select Committee on the Restructuring of the corporate governance of the Bank of England. His background spans architectural and community education at the Architectural Association School, London, Ulster College, Belfast, and then into top management and board review and development through The General Electric Company’s action learning-based Developing Senior Managers Programme. He was on the faculties of The Judge Institute of Management, University of Cambridge, and Imperial College, London.

He is a Professor Extraordinaire at the University of Stellenbosch and chairs its Centre for Corporate Governance in Africa; and he is a Visiting Professor at Cass Business School, London University. He was an External Examiner for the Chartered Director examinations at the Institute of Directors, London; and is Past Master of the Worshipful Company of Management Consultants. His public awards include the 2015 Outstanding Achievement prize from the Global Forum For Leadership, Organisational Development and Business-driven Action Learning. In 2006 he won the Indian Business Excellence Writing Award and in 2002 he won the European Business Forum and PwC/IBM Shareholder Value Corporate Governance prize.

Together with Sally Garratt and Professor Max Boisot, he created the China-EEC Management Programme – the first Chinese MBA programme – in Beijing in 1983; and in 1992 they created the ASEAN-EU Management Centre in Brunei Darussalam.

Read Bob’s latest blog: Corporate Governance is dead; long live Corporate Governance

Owen Skae

Director at Rhodes Business School

Owen Skae is an Associate Professor and was appointed Director: Rhodes Business School with effect from 1 January 2010 after extensive experience in the consulting arena, the private sector, academia and most latterly an international organization.

 

Owen studied at Rhodes University from 1983 to 1988, where he completed his undergraduate studies and read for an M.Com in the Department of Management. Immediately thereafter he read for an MBA degree at Durham University in England.

 

He is formerly an Associate Professor in Managerial Accounting & Finance at the School of Accounting at the University of KwaZulu-Natal, where he taught from 1996 to 2006. Most recently he worked for the Geneva based, International Trade Centre, the joint agency of the World Trade Organization and the United Nations, its main goal being to help developing countries achieve sustainable human development through exports. In this former capacity, he advised numerous countries on priorities for raising overall levels of competitiveness and assisting in the formulation of national and sector export strategies.

 

His areas of interest are strategic management, managerial accounting and finance and he also has a strong research background in business linkages and small business development.

Carolynn Chalmers

Chief Executive Officer, Good Governance Academy

Carolynn Chalmers is the Chief Executive Officer of Professor Mervyn King’s Good Governance Academy and its initiative, The ESG Exchange. She has edited two international standards: ISO 37000:2021 – Governance of organizations – Guidance and its associated Governance Maturity Model, ISO 37004:2023.

 

Carolynn makes corporate dreams come true, assisting leaders and leadership teams in how to create value for their organisations. She makes use of her expertise and experience in corporate governance, organizational strategy, Digital Transformation, and IT to do so.

 

Carolynn is an Independent Committee Member of South Africa’s largest private Pension Fund, the Eskom Pension and Provident Fund, and recently retired as Independent Committee member of several board committees for the Government Employee Medical Scheme. Carolynn has extensive management, assurance and governance experience and has held various Executive roles for international, listed, private and public organisations across many industries.

 

Carolynn is best known for her successes in establishing governance frameworks, and designing and the leading large, complex initiatives that can result. She attributes this success to the application of good governance principles. She shares her insights on her 2 LinkedIn Groups – Applying King IV and Corporate Governance Institute. 

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Dr Lindie Grebe

Senior Lecturer, College of Accounting Sciences, University of South Africa

Dr Grebe is a chartered accountant and senior lecturer at the University of South Africa (Unisa). 

 

She teaches postgraduate accounting sciences through blended learning using technology in distance education, and through face-to-face study schools throughout South Africa. During her employment at Unisa, she also acted as Coordinator: Master’s and Doctoral Degrees for the College of Accounting Sciences (CAS), chairperson of the research ethics committee and chairperson of the Gauteng North Region of the Southern African Accounting Association (SAAA). 

 

Before joining Unisa as academic, she gained ten years’ experience in audit practice and in commerce.