King IV has moved from $[$King III$$s$]$apply or explain$$ to $$apply and explain". The required explanation allows stakeholders to make an informed decision as to whether or not the organisation is achieving the four good governance outcomes required by King IV$.$ Explanation also helps to encourage organisations to see corporate governance not as an act of mindless compliance, but as something that will yield results only if it is approached mindfully, with due consideration for the organisation$$s circumstances.

$($IoDSA$,2016,$ p$.7)$

The four good governance outcomes referred to in the quotation are:

Ethical culture;

Good performance;

Effective control; and

Legitimacy.

$($IoDSA$,2016,$ p$.41)$

Considering the four outcomes of good governance, argue how you would have assessed Steinhof in terms of the $$apply and explain$$ context.King IV has moved from $[$King III$$s$]$apply or explain$$ to $$apply and explain". The required explanation allows stakeholders to make an informed decision as to whether or not the organisation is achieving the four good governance outcomes required by King IV$.$ Explanation also helps to encourage organisations to see corporate governance not as an act of mindless compliance, but as something that will yield results only if it is approached mindfully, with due consideration for the organisation$$s circumstances.

$($IoDSA$,2016,$ p$.7)$

The four good governance outcomes referred to in the quotation are:

Ethical culture;

Good performance;

Effective control; and

Legitimacy.

$($IoDSA$,2016,$ p$.41)$

Considering the four outcomes of good governance, argue how you would have assessed Steinhof in terms of the $$apply and explain$$ context.