Question

in contrast to the Cadbury report's focus on internal governance, the King I report included a code of corporate practices and conduct that went beyond the organization itself, taking into account its impact on the larger community. True

Answer 1

Answer:

True.

Explanation:

King report: It is a report based on corporate governance for South African companies, and they have its copyright. It is one of its own kind which is non-legislative and is based on principles and practices. It has issued standard of conduct for all listed companies and it recommends an integrated approach for all stakeholder. It says good governance is essential for effective and ethical leadership.

Following are the purpose of King report:

• The Ethical culture in organizations.
• Improve the performance and value of corporates.
• Ensure Ethical and efficient control.
• Building trust among all stakeholders.
• Creating credibility of an organizations.