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Corporate governance refers to the system of rules, practices, processes, and relationships through which organisations are directed and controlled. In the banking and financial sector, effective corporate governance is particularly important because financial institutions manage public funds, handle large-scale investments, and influence economic stability. International committees on corporate governance have played a significant role in developing principles that promote transparency, accountability, ethical conduct, and responsible management. Among these, the King Committee of South Africa (1994) and the Greenbury Committee (1995) provided important recommendations that influenced corporate governance practices globally. The King Committee of South Africa was established in 1994 under the leadership of Mervyn King by the Institute of Directors in South Africa. The committee was formed to improve corporate governance standards in South African companies after the country’s transition to democracy. The report, known as the King Report on Corporate Governance, introduced a broader approach to governance by emphasising not only financial performance but also ethical leadership, social responsibility, and stakeholder interests. The major recommendations of the King Committee (1994) were as follows: The committee recommended that companies should adopt a balanced approach to corporate governance by considering the interests of all stakeholders, including shareholders, employees, customers, suppliers, communities, and the environment. It rejected __________ _____ _______ ________ _______ ______ _________ ____ ___.
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