The Fourth Industrial Revolution term coined by Professor Klauss Schwab has propelled technological developments in the financial services industry and so has the proliferation of corporate governance issues. South Africas biggest sugar producer, the 127-year old Tongaat Hulett, admitted that certain past practices do not reflect the company's business performance accurately. The King IV report highlights:

a.

The governing body should not worry about ethics

b.

The organisation is not a responsible corporate citizen

c.

The governing body should serve as the focal point and custodian of corporate governance in the organisation

d.

The governing body is not involved in remuneration issues