King III Committee Focuses on Non-Profit Sector

The King III Committee has convened a special sub-committee that will conduct research and make recommendations on how the principles and recommendations contained in King III will apply in the South Africa non-profit sector. It is envisaged that the work of the sub-committee will culminate in the issuing of a practice note that will give guidance to non-profit organisations on how sound governance could be achieved.

The subcommittee will be chaired by a member from the main Committee and representatives from the non-profit sector will serve on it. The IoDSA will act as the secretariat of the sub-committee as it did during the drafting of the King III Report.

In addition to the non-profit sector, the King Committee plans to further extend the work it did on the King III Report to address the specific governance challenges that are faced by other sectors such as the public sector, medical schemes and pension funds.

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