The Director's Duty under KING V
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The Director's Duty under KING V - The shift from basic IT oversight to strategic Data Stewardship and Al Ethics with Caroline Mouton.
The KING V Mandate: The governing body must govern data, information, and technology in a way that enables the organisation to sustain and optimise its strategy and objectives.
Emerging technology now impacts every industry; no Board can afford to keep IT in a silo any longer.
The transition to KING V requires that Boards become technologically literate—capable of asking informed questions about the ethical implications of Al adoption and the robustness of cyber-security measures.
- Technological and AI literacy is now categorized as a direct board-level accountability that cannot be delegated downwards
- Directors are now liable for the operational reality and outcomes of company data, information and technology rather than just their documented intentions
While the King Code is not legally binding on its own, South African courts treat it as persuasive evidence of the standard for proper director due diligence under the Companies Act.
In this discussion we will look at:
- How KING V Principle 10 impacts on your fiduciary duty as a company director
- Three real-world examples of mature oversight of information & technology
- How KING V Principle 10 impacts on reporting and oversight of IT, data, information, information systems and AI
- A discussion on how "tech-savvy" your Board of Directors actually have to be to mitigate liability
You are welcome to submit questions you want answered contact details and Caroline Mouton's WhatsApp link can be found here: https://clearwood.co.za/#contact