King III Report

The King III Report is a set of guidelines from South Africa that helps companies govern themselves responsibly. It emphasizes good leadership, transparency, and accountability to protect stakeholders’ interests—like shareholders, employees, and communities. The report promotes ethical behavior, risk management, and sustainable growth, encouraging companies to balance profit with social and environmental responsibilities. It also highlights the importance of sound boards, clear oversight, and effective internal controls to ensure ethical decision-making and long-term success. Essentially, it aims to improve corporate governance, making companies more trustworthy and resilient.