King IV Risk Governance
Get Started with This SkillOverview
Draft or update risk governance framework, policy or disclosure aligned with King IV Principle 11 for South African organisations.
Getting Started
Add your source materials to the project workspace, then activate the King IV Risk Governance skill. The agent will guide you through the process step by step.
Example conversation
You: We need the risk governance disclosure for our integrated report—how the board governs risk and what the key risks are.
Agent: I’ll use the skill reference (Principle 11) and draft a risk governance disclosure that explains: how the board governs risk (committee, policy, reporting); how we identify, assess, treat and monitor risk; how risk supports strategy and the four governance outcomes; and a summary of key risks and opportunities and how they are managed. I’ll keep it consistent with your risk policy and risk register.
Output excerpt
Risk governance disclosure excerpt
Governance of risk
The board governs risk in line with King IV Principle 11. The Risk Committee assists the board by reviewing the risk policy, risk appetite and tolerance, and quarterly risk reports. Management is responsible for implementing the risk process and reporting material risks and emerging issues. The board receives assurance from internal audit on the effectiveness of risk management and from the audit committee on the integrity of risk reporting.
Risk process
We identify and assess risks across strategic, operational, financial, compliance and reputational categories. Risks are recorded in the group risk register with owners, ratings and mitigations. The risk appetite is set annually and key risks are linked to strategy and to the integrated report’s strategy and outlook sections. Material changes in risk profile are reported to the board as they arise.
Key risks
Principal risks currently include: [e.g. supply chain disruption, cyber and data risk, regulatory change, talent retention]. Each is owned by an executive, monitored by the Risk Committee, and reported in the integrated report. Our risk disclosure supports stakeholders’ assessment of performance and prospects (Principle 5).
Extension and validation
This skill does not include custom validation tools. Elaboration is guided by the skill workflow and reference materials.