King III consolidates role of IT in corporate governance
[Johannesburg, 30 January 2012] -
It's been almost two years since the King III report came into effect, and its recommendations have become a benchmark for corporate governance practice in South Africa.While King II helped to entrench the processes and reporting requirements of good governance, companies are now also learning that, to enable a smooth reporting process, they have to get their house in order when it comes to information management. King III draws our attention to this imperative in Chapter 5, Clause 6, which deals with management of information assets: “The board should ensure that information assets are managed effectively.”We asked Bennie Kotze, enterprise content management specialist at NokusaEI, what this means.
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