138% - je c QUESTION THREE 3.1 (3 marks) The King Report on Governance for South Africa 2009 (King III) provides a list of best practice principles to assist and guide directors to make the right choice for their company. These principles have become an important guide on Corporate Governance to directors, executives and regulators alike. Provide a detailed discussion explaining corporate governance. 3.2 Explain the basic problems that shareholders with small shareholdings encounter as they enter a new relationship with the company that they effectively partly own. (3 marks) 3.3 Name some factors that you think has increased the incidence of fraud in recent times. (4 marks)