The King Code of 2002 is specifically applicable to all companies listed on the Johannesburg stock exchange. It is also applicable to all insurance, banking and financial institutions. Of particular note is the fact that it also applies to all public sector enterprises that fall under the Public Finance Management Act and the Local Government Municipal Finance Management Bill.

Corporate governance is more than a watchdog role. It is the system and processes whereby directors in power make decisions about the fate of organisations, and in many cases, the quality of our lives.

In this century global corporations have more influence than governments over people's quality of lives. The increasing speed of communications, e-commerce and large mergers will continue in the future: to make the best of these changes for us, it is crucial that the human side of corporate governance develops to the same level.

The original King Report issued in 1994 on Corporate Governance was recognised internationally and especially in the developing world as the most comprehensive publication on the subject embracing the inclusive or stakeholder approach. The successor King 11 Report released 26 March 2002 takes the concept further and the code, which is a set of principles combines the current statutory, financial and regulatory requirements in South Africa has been welcomed by organised business and government.The King Report highlights the need for Chairpersons and CEO's to adjust to an evolutionary shift of corporate governance from its watchdog role to a greater focus on human aspects.

About your expert facilitator:
Andrew Pike
Andrew is an Attorney, High Court of South Africa, admitted in NPD, CPD and TPD.He specialised in maritime law (litigious and commercial), aviation finance and non-marine Insurance. He recieved the South African Risk Manager of the Year award, 2002 from the Institute of Risk Management of South Africa (IRMSA) and was the runner-up Risk Manager of the Year, 2006.Andrew is the Immediate past-President, Maritime Law Association of South Africa. He is a Fellow, Institute of Risk Management South Africa (IRMSA), Member, Training and Education committee, IRMSA..He is a Member, Insurance Institute of Kwazulu-Natal,as well as a Member, Institute of Chartered ShipbrokersBoard .He is a Member, Ports Regulator of South Africa. His experience includes Training of enterprise risk management, business ethics and general corporate governance programmes in South Africa and Botswana; executive coaching; strategic planning; training various life skills-based courses business ethics, executive coaching, team building, and performance appraisals,
publications.

Author, "People Risks, A People Based Strategy for Business Success" (published by Penguin Books, June 2001).
(This book is about people management in the workplace from a holistic enterprise wide risk perspective.)
Co-authored South African chapter: Tetley on Liens
Miscellaneous other publications related to insurance and aviation law.

Course outline
Day 1

1. Introduction
2. Overview of King II
2.1 Application/Scope
2.2 Good corporate governance practices
2.3 Code of Corporate Practices and Conduct
2.4 Boards and directors
2.5 The company secretary
2.6 Risk management
2.7 Internal audit
2.8 Integrated sustainability reporting
2.9 Social and transformation issues
2.10 Diversity management is recommended
2.11 Human capital
2.12 Accounting and auditing
2.13 Compliance and enforcement
2.14 General recommendations requiring statutory amendment and other actions

3. Application of the seven good corporate practices
3.1 Discipline
3.2 Transparency
3.3 Independence
3.4 Accountability
3.5 Responsibility
3.6 Fairness
3.7 Social responsibility

4. Roles, duties and responsibilities of the Board
4.1 Introduction
4.2 Who should be on the Board?
4.3 Functions of the Board
4.4 Is There a distinction between the chairperson and chief executive officer
4.5 Types of directors
4.6 Board committees
4.7 Who is the company secretary?
4.8 Powers of directors
4.9 Right to discharge duties
4.10 Fiduciary responsibilities towards the company
4.11 Strategic role of the board
4.12 Setting strategy and aligning the organisation: Building support for the strategic plan
4.13 Elements and rationale for sound governance through the board of directors
5. The Internal and External Audit functions
5.1 Internal Audit
5.2 External Audit

5.3 What Degree of Responsibility Can We Expect from the Company
Auditor?


6. Integrated Sustainability Reporting (“Triple Bottom Line” Reporting)
6.1 What is Integrated Sustainability Reporting?
6.2 How is Integrated Sustainability Reporting Achieved?
6.3 What is meant by Organisational Integrity / Code of Ethics?
6.4 What is “SHE”
6.5 Society and Transformation Requirements
6.6 Human Capital and what is required by King II


6.2 How is Integrated Sustainability Reporting Achieved?
6.3 What is meant by Organisational Integrity / Code of Ethics?
6.4 What is “SHE”
6.5 Society and Transformation Requirements
6.6 Human Capital and what is required by King II

Ethics and Values as Tools for Sustainability
7.1 Purpose for Training
7.2 Overview
7.3 Ethical Definitions
7.4 Resources for Ethical Behaviour
7.5 Justifications for Unethical Behaviour
7.6 Consequences for Unethical Behaviour
7.7 Benefits of Ethical Behaviour
7.8 Model Values and Leadership Guides
7.9 Unethical Scenarios
7.10 Common Law Crimes & Liabilities
7.11 Ethical Legislation
7.12 The Ethics Toolkit

Day 2

08h00
8. Enterprise Wide Risk Management
8.1 The Enterprise Wide Risk Management Process: The Context
8.2 Business Analysis and Strategy, including structuring
8.3 Risk Identification
8.4 Risk Assessment
8.5 Risk Evaluation and Prioritisation
8.6 Risk Controls
8.7 Implementation
8.8 Reporting and Risk Registers
8.9 Monitoring and reviewing
8.10 Communication
8.11 Embedding risk management in the organisation

Close
17h00

Venue

Date: 09 June 2008 to 10 June 2008
Location: Hotel Apollo, Randburg

Contact: Hennie Oosthuizen
Company name: African Information Institute
Telephone number: +27 11 7811155
Email address hennie@aii.co.za

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