QUESTION $5(20$ Marks$)$ Sable Electronics $($Pty$)$ Ltd is a mid$-$sized electronics manufacturer based in Johannesburg. The company has grown significantly over the past five years, and the board recently decided to appoint new directors to strengthen its governance. The board composition and related details are as follows: Board Composition: $1.$ Joseph Molefe $($CEO and Executive Director$)$: Founder of Sable Electronics. He has been the CEO since the company's inception and holds a $15\%$ shareholding in the company. $2.$ Samantha Petersen $($CFO and Executive Director$)$: Joined the company two years ago. She has extensive experience in corporate finance but owns $2\%$ shares in a supplier company that provides raw materials to Sable Electronics. $3.$ David Nkosi $($COO and Executive Director$)$: Recently promoted to the COO position after ten years in various management roles within Sable Electronics. He has no direct financial interest in any external companies. $4.$ Fatima Khan $($Non$-$Executive Director$)$: A former executive at a technology firm that was recently acquired by a competitor of Sable Electronics. She holds no shares in Sable but is still a key consultant to several tech firms. $5.$ Thabo Mokoena $($Non$-$Executive Director and Chairperson of the Board$)$: A respected business leader with no previous ties to Sable Electronics. He is the Chairperson of the Social and Ethics Committee and owns a large consultancy firm that provides marketing services to Sable Electronics. $6.$ Grace Mhlongo $($Non$-$Executive Director and Chairperson of the Audit Committee$)$: Recently retired from her role as CFO at a large publicly listed company. She has no financial ties to Sable Electronics or its suppliers. She is also the Chairperson of the Remuneration Committee. $7.$ John Dube $($Non$-$Executive Director$)$: An academic and former executive at a major competitor of Sable Electronics. He owns a $7\%$ shareholding in a company that directly competes with Sable Electronics. Committees: $$ Audit Committee: Consists of Grace Mhlongo $($Chairperson$),$ Thabo Mokoena, and Joseph Molefe. $$ Remuneration Committee: Chaired by Grace Mhlongo, with Fatima Khan as a member. $$ Social and Ethics Committee: Chaired by Thabo Mokoena, with Samantha Petersen and John Dube as members. You are required to: Critically evaluate Sable Electronics $($Pty$)$ Ltd$\text{'}$s compliance with the King IV code based on the scenario provided. Identify and explain King IV principles that are complied with and those that are contravened, particularly concerning the composition of the board and its committees