South Africa: the Code for Responsible Investing by Institutional Investors - comments published

Earlier this year the Institute of Directors published a draft Code for Responsible Investing by Institutional Investors in South Africa: see here (pdf). The purpose of the Code, in conjunction with the King III Code, is "to provide a voluntary framework that can be used to ensure that sound governance is practised. The framework relates to the governance role of boards of companies, institutional shareholders and the ultimate beneficiaries". Comments received in respect of the draft Code have been published: see here.