King IV functional areas
King IV's philosophy of integrated thinking and governance promotes the integration of governance functional area report back into the rest of the integrated reporting elements. Oversight of these functional areas is maintained by the Board and its subcommittees as follows:
| King IV functional area | Committee oversight | Report back |
|---|---|---|
| Risk | Audit, Risk and Compliance | Governance of risk Understanding material matters |
| Technology and information | Audit, Risk and Compliance | Technology and information governance Solutions segment Understanding material matters |
| Regulatory compliance | Audit, Risk and Compliance Social, Ethics and Transformation |
Compliance report Social, Ethics and Transformation Committee's report Social practices Human capital |
| Assurance | Audit, Risk and Compliance | Approach and reporting frameworks Combined assurance Governance of risk Audit, Risk and Compliance Committee's report |
| Stakeholder relationships | Social, Ethics and Transformation | Stakeholder relations Ethics in action Social, Ethics and Transformation Committee's report Responsible corporate citizenship Corporate social investments |
| Remuneration | Remuneration and Nomination | Remuneration report |