|GOVERNANCE AND ETHICS
Private and state owned companies have an obligation to be accountable and transparent to their shareholders and other stakeholders, as well as the broader society they operate in. Depending on the organisation and industry, a variety of codes, as well as international compacts and/or regulatory requirements must be met.
As an example, the King IV report on corporate governance for South Africa 2016 was released in 2016 and is effective for the financial years commencing on or after 1 April 2017, replacing King III in its entirety. It is seen by many as aspirational and costly.
The challenge for many local and international organisations is that the cost of complying and reporting on an array of codes, international compacts and/or regulatory requirements is costly and time consuming. MAC is able to advise on which of these codes are essential, by linking an organisation’s business and sustainability strategies to the organisation’s overall strategic objectives.