Governance element	Principle/s	Summary recommendation/s	Difference to King II
Chapter 8. Governing stakeholder relationships
	8.1. The board should appreciate that stakeholders’ perceptions affect a company’s reputation	8.1.1. The gap between stakeholder perceptions and the performance of the company should be managed and measured to enhance or protect the company’s reputation 8.1.2. The company’s reputation and its linkage with stakeholder relationships should be a regular board agenda item 8.1.3. The board should identify important stakeholder groupings	Similar to King II
	8.2. The board should delegate to management to proactively deal with stakeholder relationships	8.2.1. Management should develop a strategy and formulate policies for the management of relationships with each stakeholder grouping 8.2.2. The board should consider whether it is appropriate to publish its stakeholder policies 8.2.3. The board should oversee the establishment of mechanisms and processes that support stakeholders in constructive engagement with the company 8.2.4. The board should encourage shareholders to attend AGMs 8.2.5. The board should consider not only formal, but also informal, processes for interaction with the company’s stakeholders 8.2.6. The board should disclose in its integrated report the nature of the company’s dealings with stakeholders and the outcomes of these dealings	Similar to King II
	8.3. The board should strive to achieve the appropriate balance between its various stakeholder groupings, in the best interests of the company	8.3.1. The board should take account of the legitimate interests and expectations of its stakeholders in its decision-making in the best interests of the company	Similar to King II
	8.5. Transparent and effective communication with stakeholders is essential for building and maintaining their trust and confidence	8.5.1. Complete, timely, relevant, accurate, honest and accessible information should be provided by the company to its stakeholders whilst having regard to legal and strategic considerations 8.5.2. Communication with stakeholders should be in clear and understandable language 8.5.3. The board should adopt communication guidelines that support a responsible communication programme 8.5.4. The board should consider disclosing in the integrated report the number and reasons for refusals of requests of information that were lodged with the company in terms of the Promotion of Access to Information Act, 2000	Similar to King II New requirement