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King IV municipal supplements: the impact on the municipal's approach to governance

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  • Richard Chauke

    (University of Limpopo)

Abstract

In using King IV municipal supplement as a conceptual framework, this paper critically analyses the King IV supplement implementation and control system within the municipal sector. For the municipality to be trusted and accountable to the public, it needs to implement effective governance processes. The observance of municipal governance implementation framework poses a significant challenge for the municipalities. The prevalence of unsuccessful provision of essential services and unsuccessful audit is an indication of the failure by municipal boards that are charged with the implementation of effective governance practices. It is further indicative of the municipal board not to understanding their governance roles fully. The advent of King IV municipal supplement will give more impetus to the implementation of governance framework and effective control processes. The municipal supplement will serve as a guide to proper governance in the municipality and will push for all municipal stakeholders to be involved in the governance of the municipality. The implementation of the King IV municipal supplement will enable the municipality to fulfil the constitutional mandate and deliver on the essential services. It has also become evident that good governance in the municipality is beneficial for stakeholders as a well-governed organization inspires the confidence of the stakeholders and lowers the cost of its operations. Even though King IV is not law, the governance outcome that it can achieve are laudable. The adoption and implementation King IV code municipal supplements practices will become the criteria by which the required standard of care and appropriate standard of conduct of the council can measured.

Suggested Citation

  • Richard Chauke, 2021. "King IV municipal supplements: the impact on the municipal's approach to governance," Technium Social Sciences Journal, Technium Science, vol. 26(1), pages 54-64, Decembrie.
    • Handle: RePEc:tec:journl:v:26:y:2021:i:1:p:54-64
    DOI: https://doi.org/10.47577/tssj.v26i1.5291
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    References listed on IDEAS

    as
    1. Grant Kirkpatrick, 2009. "The corporate governance lessons from the financial crisis," OECD Journal: Financial Market Trends, OECD Publishing, vol. 2009(1), pages 61-87.
    2. André Sobczak, 2006. "Are Codes of Conduct in Global Supply Chains Really Voluntary?," Post-Print hal-00765266, HAL.
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    More about this item

    Keywords

    Municipal governance; King IV report; King IV municipal supplements; Good corporate governance; Municipal sector; Stakeholders;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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