The draft Code of Governance Principles for South Africa 2009 and the draft Report on Governance for South Africa 2009 – collectively known as King III – were released for public comment, for two months, in February. The final version of both will be released in September.

King III differs substantially from its predecessor, King II, on several fronts, most pertinently as far as IT governance is concerned. Says Escrow Europe MD Andrew Stekhoven: “There are some very important aspects of King III for CIOs to consider. The first question, however, is ‘which CIOs?’ King II was about listed entities, King III is all inclusive. So if you are the CIO of a company, large or small, listed or not, King III will affect your life.”