Answer to Question #186189 in Law for Bornface Kandunda

Question

The King IV report lists five (5) general principles of good corporate governance. In your opinion, which is the most important of these principles? Provide a brief explanation of this principle (using your own words) and give an example.

Answer 1

The most important of the principles is transparency. A principle of good governance ensures that stakeholders are up-to-date with the company’s activities, such as what it plans to do in the future or any risks involved in the business strategies.