<P> The King Report on Corporate Governance is a ground - breaking booklet of guidelines for the governance structures and operation of companies in South Africa . It is issued by the King Committee on Corporate Governance . Three reports were issued in 1994 ( King I ) , 2002 ( King II ) , and 2009 ( King III ) and a fourth revision ( King IV ) in 2016 . The Institute of Directors in Southern Africa ( IoDSA ) owns the copyright of the King Report on Corporate Governance and the King Code of Corporate Governance . Compliance with the King Reports is a requirement for companies listed on the Johannesburg Stock Exchange . The King Report on Corporate Governance has been cited as `` the most effective summary of the best international practices in corporate governance '' . </P>
what code was released in sa in 2016 to give guidance on corporate governance
King IV