Create and edit your documents in no time. Boost your efficiency and Fill Out Corporate Governance Agreement anytime, anywhere.The Institute of Directors in Southern Africa and the King Committee on Corporate Governance in South Africa. The Corporate Governance Framework sets out the responsibilities of the Board as a whole, as well as the responsibilities of some key members, such as the. King II explicitly required companies to implement the practice of sustainability reporting as a core aspect of corporate governance. Principle 6: The governing body should serve as the focal point and custodian of corporate governance in the organisation. The vacancy may not be filled if the Company otherwise fulfils the requirement of independent directors. ➢. Corporate governance. With it the World Bank Group has put corporate governance firmly onto the world stage.