Is the King 4 code an exquisite and progressive piece of corporate finery or is it a case of new clothes for the emperor? If you’re searching for a definitive answer to that question, don’t bother trawling through the 130 or so submissions responding to the King 4 draft edition. The answer you’ll find there vacillates between effusive support for a code that is "breaking new ground at the forefront of corporate governance" and almost outright rejection of a jargon-filled document that is self-referential, represents no improvement on the King 3 code and is out of touch with reality. But if you’re not looking for a definitive answer and have even a passing interest in the King code industry, be sure to trawl through the submissions. They are an extremely useful accompaniment to the draft report and say as much about the code as they do about the source of the submission. Almost everybody is talking to their book. (No-one from the media made a submission asking about the unmentioned r...
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