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The King Report on Corporate Governance is a booklet of guidelines for the governance structures and operation of companies in South Africa. It is issued by the King Committee on Corporate Governance. Three reports were issued in 1994 (King I), 2002 (King II), and 2009 (King III) and a fourth revision (King IV) in 2016.
Ultra vires ('beyond the powers') is a Latin phrase used in law to describe an act that requires legal authority but is done without it. Its opposite, an act done under proper authority, is intra vires ('within the powers'). Acts that are intra vires may equivalently be termed "valid", and those that are ultra vires termed "invalid".
The Sullivan principles are the names of two corporate codes of conduct, developed by the African-American preacher Rev. Leon Sullivan, promoting corporate social responsibility : The original Sullivan principles were developed in 1977 to apply economic pressure on South Africa in protest of its system of apartheid. [ 1]
Corruption in South Africa includes the improper use of public resources for private ends, including bribery and improper favouritism. [1] Corruption was at its highest during the period of state capture under the presidency of Jacob Zuma and has remained widespread, negatively "affecting criminal justice, service provision, economic opportunity, social cohesion and political integrity" in ...
Ulta Beauty expects its same-store sales to only grow by 2% to 3% this year. That's not much, and it has some investors worried it's losing market share. That's not much, and it has some investors ...
Mervyn Eldred King (born 22 July 1937, Johannesburg) is a South African corporate attorney, arbitrator, mediator, corporate director, commission chair, author and speaker.A former judge of the Supreme Court of South Africa, he is currently chairman of the IIRC, chairman emeritus of the Global Reporting Initiative and director of the Association of Business Administrators of Southern Africa.
The union membership rate in South Africa is one of the highest in the world. [3] Furthermore, the risk of union conflict is a deterrent for foreign companies. [3] South Africa is receptive to foreign companies because they create jobs. [3] The unemployment rate in South Africa is approximately 30%. [3]
Ulta stock ( ULTA) has been in a downward spiral after comments by the beauty retailer's CEO at a JPMorgan retail conference caught investors off guard. Since April 2, shares have been off by more ...