King III definition

King III means the revised Code of and Report on Governance Principles in South Africa;
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King III means the revised Code of, and Report on Governance Principle in South Africa.
Sample 1
King III means the combined King Code of Governance Principals and King Report on Governance for South Africa, 2009, both of which took effect on 1 March 2010.
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Examples of King III in a sentence

  • The group subscribes to the Code of Good Corporate Practices and Conduct and complies with the recommendations of the King III Report.

  • Internal audit continued to be offered independently by the shared Internal Audit Activity that was centralised in the Corporate Services Centre in the Department of the Premier.In line with the PFMA and King III, the internal audit activity provides the Audit Committee and management with assurance that the internal controls relating to governance, risk management and control processes are adequate and effective.

  • The Effectiveness of Internal Control In line with the PFMA and the King III Report on Corporate Governance requirements, Internal Audit provides the Audit Committee and Management with assurance that the internal controls are adequate and effective.

  • The studies conducted years ago on the efficacy of counseling and testing as a prevention intervention did not examine the effect of testing in individuals who have been as extensively tested as some inmates passing through jails have been during the 25th year of the AIDS epidemic.

  • The Practice Notes to King III, issued by the IoD, provide the necessary guidance to all entities on implementing the Code.

  • Eleven subcommittees were established for the King III process, namely:• boards and directors;• accounting and auditing;• risk management;• internal audit;• integrated sustainability reporting;• compliance and stakeholder relationships;• business rescue;• fundamental and affected transactions;• IT governance;• alternative dispute resolution; and• editing.

  • In contrast to the King I and II codes, King III applies to all entities regardless of the manner and form of incorporation or establishment and whether in the public, private sectors or non-profit sectors.

  • Although the terms ‘company’, ‘boards’ and ‘directors’ are used, King III refers and applies to the functional responsi- bility of those charged with governance in any entity even if different terminology is used in other entities, sectors and industries.

  • The Board is fully committed to the principles of the Code of Corporate Practices and Conduct as set out in King III.

  • A risk-based Three-Year Rolling Strategic and Annual Operational Internal Audit Plan that is in alignment with the PFMA and King III was approved by the Audit Committee.


More Definitions of King III

King III means the King III Code of Corporate Governance for South Africa
Sample 1
King III means the King Report on Governance for South Africa 2009;
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Related to King III

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  • First Amendment Closing Date has the meaning assigned to such term in the First Amendment.

  • CW means current City of Winnipeg Standard Construction Specification;

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  • Second Amendment Closing Date has the meaning assigned to such term in the Second Amendment.

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  • Acquisition Corp. shall have the meaning given to such term in the preamble to this Agreement.

  • Third Amendment Closing Date has the meaning assigned to such term in the Third Amendment.

  • Certificate of Limited Partnership means the Certificate of Limited Partnership of the Partnership filed with the Secretary of State of the State of Delaware as referenced in Section 7.2, as such Certificate of Limited Partnership may be amended, supplemented or restated from time to time.

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  • Secondary Suite means an accessory dwelling unit that is attached to a single-family residential building on a lot in a zone that permits a single family residential building; (Bylaw 8036 & 8360)

  • Patent Assignment each patent collateral assignment agreement pursuant to which an Obligor assigns to Agent, for the benefit of Secured Parties, such Obligor’s interests in its patents, as security for the Obligations.

  • Project Management Agreement means the agreement dated the 20th February 1985 made between the Trustee and the Manager providing for the Manager to manage and co-ordinate the development and construction of the Resort and includes, if that agreement is terminated, any other agreement in like and similar terms made with the prior consent of the Minister;

  • Plinth means the portion of a structure between the surface of the surrounding ground and surface of the floor immediately above the ground.

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  • Fourth Amendment Closing Date the date on which all the conditions precedent set forth in Section 3 of the Fourth Amendment shall be satisfied or waived.

  • MNRE means Ministry of New and Renewable Energy, Government of India;

  • Redevelopment Agreement means an agreement between the

  • Technology Transfer Agreement has the meaning given in Section 2.2(a).

  • Technology License Agreement means the agreement in the form of Exhibit H hereto.

  • Amendment Closing Date means the first date that all the conditions precedent set forth in this Amendment are satisfied or waived in accordance herewith.