King IV's philosophy of integrated thinking and governance, promotes the integration of governance functional area and reports` 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 | |||
Material risks and opportunities | |||||
Technology and information | Audit, Risk and Compliance | Technology and information governance | |||
Solutions segment | |||||
Material risks and opportunities | |||||
Regulatory compliance | Audit, Risk and Compliance | Compliance report | |||
Social, Ethics and Transformation | 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 |