Governance element	Principle/s	Summary recommendation/s	Difference to King II
Chapter 10. Boards and directors
Business rescue proceedings	2.15. The board should consider business rescue proceedings or other turnaround mechanisms as soon as the company is financially distressed as defined in the Act	The board should ensure that: 2.15.1. the solvency and liquidity of the company is continuously monitored 2.15.2. its consideration is fair to save a financially distressed company either by way of workouts, sale, merger, amalgamation, compromise with creditors or business rescue 2.15.3. a suitable practitioner is appointed if business rescue is adopted 2.15.4. the practitioner furnishes security for the value of the assets of the company	Was not part of King II