Foundations of the King Report
triple bottom line system is reffered to as "people , planet and profit "
The king codes are named after Mervyn King , who believed that companies should work towards these triple bottom line system principles: social , economical , environmental. The King code philosophy has these three elements : leadership , good governance citizenship and sustainability.
The new Companies Act No.71 of 2008 made King Code 3 very important.
The king code works towards the triple bottom line system also referred to as "people , planet and profit "
South African directors always wanted to have guiding principles which were : accountability , openness and transperancy
The king committee launched the The King Code , which during the years started to develop.