Mervyn King needs little introduction. A former Supreme Court judge and currently chairman of the International Integrated Reporting Council (IIRC), the Integrated Reporting Committee of South Africa (IRCSA) and, of course, the King Committee on Corporate Governance, he discusses the concepts of good governance and integrated thinking.
How would you define good governance?
The new Companies Act sets out the duties of directors as good faith, care, skill and diligence, but this doesn’t provide enough content or guidance. To me, good governance is about quality and not quantity. It is the honest application of the board’s collective mind in the best interests of the company, which is an incapacitated, statutory entity.
Download full article [PDF, 62kB]
Interview by Cathy Duff, Trialogue.