Application of the King Code Principles (Grade 12 NSC Matric Business Studies): Flashcards
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Practise the cards
10 cards from this deck
Creator of King Code
Creator of King Code
Judge Mervyn King & King Commission
TAR mnemonic meaning
TAR mnemonic meaning
Transparency, Accountability, Responsibility
Transparency definition
Transparency definition
Being open & honest with all stakeholders
Accountability definition
Accountability definition
Taking responsibility for decisions & actions
Responsibility definition
Responsibility definition
Considering impact on community & environment
Transparency: Financial report requirement
Transparency: Financial report requirement
Must be truthful & available to stakeholders
Accountability: Who audits finances?
Accountability: Who audits finances?
Internal & external auditors
Responsibility: Environmental care example
Responsibility: Environmental care example
Reducing air & water pollution
Tax compliance requirements
Tax compliance requirements
Pay regularly, on time, provide info to SARS
Act for fair employment practices
Act for fair employment practices
Employment Equity Act (EEA)