The Institute of Directors in Southern Africa (IoDSA) invites all interested parties and stakeholders to submit written comments to the draft practice note that provides guidance on how King III should be applied in the non-profit sector.
A proposed code of governance for non-profit organisations (NPOs) in South Africa has been released for public comment. The draft Independent Code of Good Governance for Non-Profit Organisations in South Africa aims to encourage best governance practice and was initiated by a group of NPOs at a Civil Society Consultative Forum meeting held in August 2010.
Joint Media Statement issued on behalf of a Civil Society Working Group nominated to draft an independent Code of Governance for Non Profit Organisations (NPO’s) in South Africa.
The release of the King III Report on Corporate Governance on September 1 last year and its imminent application has rekindled and invigorated the national discourse on corporate governance and social responsibility. Although this is a positive step, there is a need to orientate the debate towards the responsibilities of the Non-profit Organisation (NPO) sector in a more meaningful way than has been hitherto by King III.