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Kings Code Principles

The document outlines the King Code principles for good corporate governance, emphasizing transparency, accountability, and responsibility in business practices. It highlights the importance of clear communication with stakeholders, regular audits, and environmental protection initiatives. Additionally, it advocates for ethical business conduct, including respect for workers and equal opportunities for all employees.

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lwandlemojela777
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5 views

Kings Code Principles

The document outlines the King Code principles for good corporate governance, emphasizing transparency, accountability, and responsibility in business practices. It highlights the importance of clear communication with stakeholders, regular audits, and environmental protection initiatives. Additionally, it advocates for ethical business conduct, including respect for workers and equal opportunities for all employees.

Uploaded by

lwandlemojela777
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Kings code principles

Ways in which businesses can apply King Code principles for good corporate governance

Transparency

● Decisions/Actions must be clear to all stakeholders.


● Stafling and other processes should be open and transparent.
● Regular audits should be done to determine the effectiveness of the business.

Accountability

● There must be regular communication between management and stakeholders.


● Businesses should be accountable/ responsible for their decisions/actions
● Company should appoint internal and external auditors to audit financial statements.

Responsibility

● The business/ board should develop remedial programmes to protect the environment for
example, reduce air and water pollution.

Ways in which professional, responsible, ethical and effective business practice


should be conducted
● Mission statement should incide values of equality/respect.
● Treat workers with respect/dignity by recognising work well done.
● All workers should have access to equal opportunities/positions/resources.
● Plan properly and put preventative measures in place.

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