King V Self-Assessment (Corporate Governance)

1. Have you decided whether King V applies to you (listed, state-owned, public interest, or voluntary adopter) and recorded the date from which you will apply it?

(King V, Foundational Concepts)

2. Do you apply the principles and, where you do not, explain why, using the King V Disclosure Framework?

(King V Disclosure Framework)

3. Have you compared your King IV practices with King V to find what has changed, and written a transition plan?

(King V)

1. Does the governing body lead ethically and take responsibility for governance outcomes, with a code of ethics that is followed and reported on?

(King V (ethical leadership and governance outcomes))

2. Does the governing body have a charter, the right balance of skills, independence and diversity, and an independent chair or lead independent director?

(King V (governing body composition))

3. Does the governing body use committees with clear terms of reference and enhanced independence where the Code recommends it, without giving up its accountability?

(King V (committees and independence))

4. Does the governing body evaluate its own performance and act on the outcome?

(King V)

1. Does the governing body approve a strategy that creates value for the organisation and stakeholders, taking economic, social and environmental impacts into account?

King V says organisations should contribute to sustainable development and create value within their economic, social and environmental context. (King V (strategy and value creation))

2. Do you identify your stakeholders, engage with them regularly, and weigh their legitimate interests in decisions?

(King V (stakeholders))

3. Do you report to stakeholders in a way that is balanced, understandable and consistent, and use the standard disclosure?

(King V (reporting and disclosure))

1. Does the governing body govern risk, set the risk appetite and review key risks, including climate, ethics, cyber and compliance risks?

(King V (risk))

2. Does the governing body oversee technology and information, including cyber security, data protection and artificial intelligence, with accountability, transparency and human oversight of automated systems?

Commentary says King V expects governing bodies to ensure accountability, transparency and human oversight of automated systems, including AI. (King V (technology and information))

3. Do you keep a register of the laws that apply to you, and does the governing body oversee compliance?

(King V (compliance))

4. Does the governing body obtain assurance (internal audit, external audit and other providers) that reports and controls can be relied on?

(King V (assurance))