• Key changes in the new Companies Act and how these affect you
• Why King III became necessary, and specific new governance implications for companies
• International Corporate Governance trends and how these affect South African businesses
• The key principles of King III determining the changes you need to make
• Understanding the new “apply or explain” governance framework and applying this to your own governance practice
• The infrastructure and reporting implications of incorporating the new requirements of King III
• Question and answer sessions to address individual queries

• Why was King III necessary?
• Changing trends in global corporate governance
• The new Companies Act
• What has changed since King I and II – and why?

• What needs to be looked at closely within every South African company to ensure compliance – and how “apply or explain” differs from “comply or explain”
• The consequences of failure to comply with corporate governance requirements under the New Companies Act

• Why good governance is underpinned by effective leadership

• Why sustainability is a moral and economic imperative – and the importance of an integrated annual report

• Internal financial controls and internal auditing as a strategic function

• How IT plays an important role in governance

• The crucial role of formal risk management processes

Mervyn King is a senior counsel and former judge of the Supreme Court of South Africa. He is Professor Extraordinaire at the University of South Africa on Corporate Citizenship, has an honorary Doctor of Laws from the University of the Witwatersrand, is chairman of the King Committee on Corporate Governance in South Africa, president of the Advertising Standards Authority, first vice-president of the Institute of Directors Southern Africa, a member of the Securities Regulation Panel - which oversees all mergers and acquisitions in South Africa - and chairman of the Appeal Committee of Cricket South Africa.

He chairs the Global Reporting Initiative in Amsterdam and is a member of the Private Sector Advisory Group to the World Bank on Corporate Governance, a member of the international advisory boards of Stern Stewart of the US, Tomorrow’s Company of the United Kingdom and the Central European Corporate Governance Association. He is the chairman of the Asian Centre of Corporate Governance and chairman of the United Nations Committee on Governance and Oversight.