Risk management standards
The Institute of Risk Management (IRM), The Association of Insurance and Risk Managers (AIRMIC), and ALARM The National Forum for Risk Management in the Public Sector, have pooled their professional expertise and knowledge to formulate this new Risk Management Standard.
An international guide to best business practice – establishing a risk management system based on the AS/NZS 4360 Risk Management Standard – available from Standards Australia
KING I REPORT - 1994
The Institute of Directors in Southern Africa established in July 1993 the King Committee on Corporate Governance. The King Committee produced the first King Report on Corporate Governance which was published 29 November 1994.
The first King Report was recognised internationally, when published, as the most comprehensive publication on the subject embracing the inclusive approach to corporate governance.
The original King Report on Corporate Governance is still available from the Institute of Directors.
KING II REPORT - 2002
The King Committee on Corporate Governance launched the King Report on Corporate Governance for South Africa – 2002 (King II Report) at an Institute of Directors (IoD) Conference attended by 700 persons at the Sandton Convention Centre, 26 March 2002.
An Executive Summary of the King II Report which encompasses the Introduction and Background, Code of Corporate Practices and Conduct and the Recommendations requiring statutory amendment or other actions, in a bound 48 page printed document, is available from the IoD.
The comprehensive King II Report, together with Annexures, (as described below) in bound printed format (356 pages), is similarly available from the IoD.
The Enterprise Risk Management Framework, prepared for The Committee of Sponsoring Organisations of the Treadway Commission (COSO), details the essential components of enterprise risk management and the context in which they are effectively implemented.
The framework identifies the interrelationships between risk and enterprise risk management. It focuses more fully on risk than COSO's Internal control - Integrated Framework, published in 1992 and has greater potential to add value to the enterprise. It is also regarded as a sound basis for complying with the requirements of the Sarbanes-Oxley Act, Section 404.