By Andrew Newton on 26 Feb, 2009 - 11:44 UTC

Another groundbreaking revision of the South African corporate governance code has been produced by the committee run by Mervyn King.

The second King report attracted international attention for its requirement that companies produce sustainability reports in line with recognised benchmarks such as the Global Reporting Initiative.

The new report takes the corporate responsibility agenda even further. It is no longer good enough simply to report on sustainability performance. Now sustainability is pushed as a principle so central to business operation that the report refers throughout to "integrated sustainability performance and reporting" i.e. the integration of sustainability into decision making and the annual report to shareholders.

The draft King 3 places South Africa back in the forefront of 21st century business thinking.

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By Andrew Newton on 10 Oct, 2009 - 02:26 UTC