Topic 3:King code principals

Question 1

Transparency?

Answer 1

• Decisions must be clear to all stakeholders
• Staffing and other processes should be open
• Business should be conducted openly so there is no sign of dishonesty

Question 2

Responsibility?

Answer 2

• Business should develop & impliment programmes to protect the communities in which they operate
• Business should develop remidial programmes to protect the enviroment

Question 2

Accountability?

Answer 2

• There must be regular communication between management and stakeholders
• The company shouls appoint internal and external auditors to audit financial documents
• Business should be accountable for their decisions

Question 3

Ways in which ethical,professional and effective business practices can be conducted?

Answer 3

• Business actions and transactiona must be clear and transparent
• Business must be accountable for their decisions/actions
• Business must take care of the enviroment