Practice Notes are commissioned by the South African King Committee on Corporate Governance to assist with the insight into and practical application of  "King III", which recommend integrated reporting to reflect the business reality that strategy, risk, performance and sustainability have become inseparable.

The Johannesburg Stock Exchange (JSA) has adopted the King III principles as part of its Listing Requirements which require companies to apply the King III recommendations, or explain which recommendations have not been applied and provide reasons therefore.

Since the release of the King III principles, the Integrated Reporting Committee (IRC) has been established in South Africa, and the International Integrated Reporting Council (IIRC) has been established globally.

The Practice Note concludes as follows:

The principles and practice recommendations in King III are consistent with international governance trends. They are also consistent with adopting an evolutionary approach towards achieving best practice integrated reporting as envisaged by the IRC and the IIRC. Many aspects remain to be addressed; assurance on the integrated report being one of them. As such, there will be different pathways towards integrated reporting for different organisations depending on their size, nature of business and complexity.

The Practice Note can be accessed on the IoDSA website.