South Africa · guidance
IoDSA King V Report on Corporate Governance for South Africa (2025)
Scope
JSE-listed companies (Dictionary termApply and explainKing IV disclosure regime (distinct from comply-or-explain): application of all principles is assumed; explanation of practices required.Read the full definition ); all organisations (recommended)
Penalties
JSE listings enforcement
Last verified
2026-08-26
In plain language
South Africa's current voluntary Dictionary termCorporate governanceCorporate governance is the system of rules, roles, processes and relationships through which a company is directed, controlled and held accountable.Read the full definition code. King V replaced King IV in its entirety and applies for financial years beginning on or after 1 January 2026, with early adoption encouraged. It provides the governance framework for ethical and effective leadership, including a dedicated disclosure framework.
Formal requirements
Reviewed provisions grouped by practical purpose. Use the official text for the full legal context.
Principle 5 — "The governing body should ensure that reports enable Dictionary termStakeholdersPeople or groups who can affect, be affected by, or have legitimate interests in an organisation's decisions, activities and impacts.Read the full definition to make informed assessments of the organisation's performance and its short-, medium- and long-term prospects.".
King IV Report on Corporate Governance (2016) · instrument-level citationPrinciple 4 — governing body should appreciate that the organisation's core purpose, risks and opportunities, strategy, business model, performance and Dictionary termSustainable DevelopmentDevelopment that improves human wellbeing now while preserving the ecological and social conditions needed for people to flourish in the future.Read the full definition are inseparable elements of the Dictionary termValue creationValue creation is the process by which an organisation, activity or relationship produces financial, social, environmental or other benefits.Read the full definition process.
King IV Report on Corporate Governance (2016) · instrument-level citationDictionary
Terms with a retained, published connection to this legal source.