When buyers of a company’s products or services boycott them, it’s known as regulatory discipline. 

A big focus point of the King IV publication is ensuring that the King reports are applied or explained.

Directors of companies must ensure independent audit committees, apart from the independent directors, are appointed in companies to ensure objectivity. 

Companies listed on the JSE, or other stock exchanges must run their companies sustainable and in relation to GRI standards. 

King II, the 2^nd version of the King reports, focusses on 7 key principles of Good Corporate Governance. 

The King reports on Corporate Governance is known as one report or document but with different updated versions/editions/publications. 

Selling good quality goods and services at affordable prices, and thereby contributing to the GDP of a country portrays focussing on people. 

Having waste management programmes in place, making use of biodegradable materials and solar panels portrays focussing on profit. 

Balancing the interests of a business’s stakeholders in such a way to ensure long-term sustainability in terms of planet, people, and profit.

State whether the following is TRUE or FALSE.

The King Reports on Corporate Governance are written into legislation to ensure companies and individuals who work for any business, act, and conduct business as ethical and sustainable as possible.