We learn how to apply principles 1 to 7 of the King IV Report in this video. It first focuses on the role.The Board and its committees are supplied with complete and timely information from management, to enable the Directors to discharge their responsibilities. The Fund has embraced and aligned to King IV Principles and the UK Corporate Governance Code in their efforts to achieve the spirit of what is intended. This article provides an introduction to corporate governance and some of the basic concepts that underpin it, and explains the roles of the board. A growing number of boards have unique board committees. Audit committees are made up of independent members; audit committees meet 5.6 times a year on average. The Board recognizes the importance of sound corporate governance, endorses and monitors compliance with the compulsory guidelines of the King IV Report on. The King Report on Corporate Governance is a booklet of guidelines for the governance structures and operation of companies in South Africa. Annual Reports and General Meetings. 10.1.