Guideline on Integrating Strategy, Risk and Resilience – IRMSA 2022
IRMSA's groundbreaking guideline tackles the challenge of risk management's value proposition head-on. By advocating for the seamless integration of strategy, risk, and resilience, it empowers organisations to navigate complexity, make holistic decisions, and create sustainable value. This innovative approach promises to revolutionise how businesses operate in today's VUCA environment.
KING V CODE ON CORPORATE GOVERNANCE FOR SOUTH AFRICA (Draft)
The King V Code on Corporate Governance for South Africa establishes a comprehensive framework for ethical and effective leadership, emphasising integrated thinking and sustainable value creation within economic, social, and environmental contexts. It defines corporate governance as the pursuit of four main outcomes—ethical culture, performance, conformance, and legitimacy—through the actions of the governing body. Critical principles include ethical leadership, balanced governing body composition, clear delegation, and robust risk and compliance management. The Code advocates stakeholder inclusivity and responsible corporate citizenship grounded in Ubuntu philosophy, guiding organisations to create value for both themselves and broader society. Governance practices are structured around steering the organisation, approving policies, overseeing management, and ensuring accountability. The Code mandates an outcomes-based, “apply and explain” disclosure approach, allowing for proportional adaptation based on an organisation’s size and complexity. It addresses essential domains: ethics, strategy, reporting, risk, compliance, stakeholder management, information governance (including emerging technologies like AI), assurance, and remuneration. Organisations are encouraged to implement leading practices, foster diversity and competence, and ensure independent oversight of committees, with transparency and continuous evaluation central to its application.
Guide: Risk and Managing Risk Explained
Risk-taking is fundamental to the success of any organisation. The leaders of an organisation must decide the extent to which risk needs to be sought, accepted, addressed or avoided, and their approach to this will determine how risks are managed across their organisation.
King V Code on Corporate Governance for South Africa 2025
King V sets out an outcomes-based corporate governance code for South Africa focused on ethical culture, sustainable performance and value creation, prudent control and legitimacy within the organisation’s economic, social and environmental context. It defines universally applicable principles supported by flexible, proportional recommended practices rather than rigid rules, under an “apply and explain” disclosure regime. The Code emphasises ethical and effective leadership, integrated thinking, responsible corporate citizenship, stakeholder inclusivity and robust oversight of risk, technology, remuneration, assurance and stakeholder relationships to support long-term systems value creation.