The following is a link to the new King III Report for corporate governance in South Africa. The report contains a good summary of the history of corporate governance codes, and many worthwhile provisions although I certainly do not agree with some of its emphasis. I am warming to the "adopt or explain" approach to corporate governance. Generally I also like the provisions that encourage dispute mediation. However, in many instances the provisions lack specificity to avoid disagreement over what is required and what is not required.
Link:
http://www.iodsa.co.za/downloads/documents/King_Code_of_Governance_for_SA_2009.pdf Regards,
Dave Tate, Esq. (San Francisco and Beyond
http://davidtate.us (governance/audit committees, mediation, litigation)