COURSE OVERVIEW

Corporate governance V and Disclosure training content focuses on the 13 consolidated principles of the new Code, emphasizing enhanced sustainability reporting, a new standardized disclosure framework, and the governance of emerging technologies like Artificial Intelligence (AI). The training is designed to help organisations transition from King IV to King V with an effective date for the new code of 1 January 2026. For the purposes of King V, corporate governance is defined as follows: The exercise of ethical and effective leadership by the governing body towards the realisation of the following governance outcomes for the organisation within its economic, social, and environmental context: Ethical Culture; Performance and Value Creation; Conformance and Prudent Control; Legitimacy. . King V corporate governance training offers individuals significant benefits, primarily by enhancing their ethical leadership capabilities, professional credibility, and career advancement prospects in an increasingly transparent and sustainability-focused business world, and will also enable organisations to achieve specific outcomes that translate into significant benefits, including enhanced credibility, improved risk management, and long-term financial performance. The training provides practical insights for governing body members to elevate governance practices and align with evolving standards.:

1. Structure and accountability
2. Effective Councils
3. Philosophy and operating principles
4. Core Management activities
5. Performance Monitoring

Training programmes Corporate governance V will cover King V foundational concepts, key changes, and practical application across all types of organisations (companies, NPOs, state-owned entities, etc.)

Key focus areas for training include: • Foundational Concepts: Understanding the outcomes-based approach (ethical culture, performance and value creation, conformance and prudent control, legitimacy) and core philosophies like integrated thinking, stakeholder inclusivity, and corporate citizenship. • The 13 Principles: In-depth review of the new, consolidated 13 principles, including their aspirations and how they differ from the previous 17 principles of King IV. • Disclosure Framework: Detailed guidance on the new, standardized King V Disclosure Framework, which is a key change from King IV, to ensure transparent and consistent reporting. • Key Shifts and Modern Topics to be considered are: o Sustainability and Double Materiality: Integrating sustainability into strategy and risk management, considering both the organisation's impact on the environment/society and the financial impact of these factors on the organisation. o Information and Technology Governance: Addressing the governance of IT, data, and emerging technologies like AI, positioning their oversight as a board-level responsibility. o Governing Body Independence: Enhanced scrutiny and refined guidance on assessing and disclosing the independence of board and committee members. o Remuneration and Compliance: Alignment with recent amendments to the Companies Act regarding remuneration and a focus on compliance as a starting point for governance. o Stakeholder-inclusive Approach: Deepened understanding of stakeholder identification and engagement, recognising a broader definition of stakeholders (including communities, NGOs, etc.):

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Personal Benefit

Upon completion of this course you will be able to understand and deal with the followings:

• • Enhanced Investor Confidence and Access to Capital. Companies with sound governance structures are seen as less risky and more trustworthy. This increased confidence can lead to lower borrowing costs and improved access to capital and debt financing, supporting growth and investment decisions.
• •Better Risk Management and Crisis Preparedness King V training helps organisations identify, assess, and mitigate various risks (financial, legal, cyber, reputational) before they escalate into major issues. A well-structured framework ensures clear risk management policies, robust internal controls, and effective crisis response plans..
• •Improved Decision-Making and Operational Efficiency. Clear delineation of roles and responsibilities within the governance framework streamlines decision-making processes and improves overall efficiency. Informed and strategic business decisions, based on transparent information and a focus on essential governance areas, lead to better operational results.
• •Long-term Sustainability and Value Creation. The King V Code emphasizes an outcomes-based approach that integrates environmental, social, and governance (ESG) factors into core strategy. This focus on sustainable value creation, considering the broader economic, social, and environmental context, ensures long-term viability and competitive advantage.
• •Ensured Compliance and Accountability Training clarifies the roles and duties of governing body members and key role players, ensuring the organisation stays up-to-date with evolving standards and legal requirements, including amendments to the Companies Act. This focus on compliance helps avoid fines, penalties, and lawsuits.
• •Improved Stakeholder Relationships and Engagement The code advocates for a stakeholder-inclusive approach, requiring fair engagement and communication with all stakeholders, including employees, customers, communities, and regulators. This enhances stakeholder trust and helps management balance the needs and expectations of diverse groups.
• •Guidance on Emerging Technologies King V places a new emphasis on the governance of artificial intelligence (AI) and information technology, positioning their oversight as a board-level responsibility. Training in this area ensures ethical, transparent, and risk-managed adoption of new technologies.

Training Methodology

Training on the King V Code on Corporate Governance utilizes diverse instructional approaches that focus on practical application and in-depth understanding of the principles. The methodologies that will be used for King V training, by the African Governance and Leadership Institute of Corporate Directors, will include, among others:  Lectures & Presentations: Expert-led sessions provide a thorough understanding of the principles, changes, and implications of King V.  Course Material: Provision of well-developed supporting resources and official documentation, such as the King V Code itself.  Group Work & Discussions: Collaborative analysis of the code's application in different scenarios to gain practical insights and shared understanding.  Case Studies: Analysis of real-world or hypothetical case studies to understand how to apply King V recommendations in boardroom practice.  Workshops & Role-Play: Immersive, scenario-based activities that simulate practical governance situations.  Practical Application Focus: Emphasizing the transition from theoretical knowledge to implementing the principles within an organisation.  Q&A Sessions: Direct interaction with experts to address specific concerns and clarify complex issues.  Disclosure Templates: Hands-on guidance on using the new uniform disclosure template to ensure consistent and comparable reporting. These methodologies aim to move beyond mere compliance to embed a culture of ethical leadership, sustainability, and integrated thinking within organizations, which are core themes of the King V Code.

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