The Good Governance Institute | November 2018 | King IV for Health and Social Care
King IV is an commonly used approach in South Africa as a benchmark for corporate governance. It’s predecessors, King I, II and III have served in South Africa, and the world, for around a quarter of a century. The Good Governance Governance Institute (GGI), believes that GI applying the principles of the King IV approach will support NHS organisations to improve their governance arrangements and, as a result, deliver effectiveness and be able to evidence compliance with regulatory requirements. To this end, the GGI has aligned the NHS well led key lines of enquiry (KLOE) with the new King IV objectives (see publication).
King IV’s objectives are to:
• Promote corporate governance as integral to running an organisation and delivering governance outcomes such as an ethical culture, good performance, effective control and legitimacy.
• Reinforce corporate governance as a holistic and interrelated set of arrangements to be understood and implemented in an integrated manner.
• Encourage transparent and meaningful reporting to stakeholders.
• Present corporate governance as concerned with not only structure and process, but also with an ethical consciousness and conduct.
• Broaden the acceptance of the King IV by making it accessible and fit for implementation across a variety of sectors and organisational types.
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