Regulatory · King V

King V governance you can explain, not just claim.

XGRC® gives boards and governance teams a structured way to apply King V principles and report on them with evidence — risk governance, combined assurance, and ESG oversight — on one auditable platform. King V is South Africa's corporate governance code, applied on an apply-and-explain basis: it is governance best practice organisations are expected to report against, not a certifiable legal requirement.

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Integrated Assurance dashboard on the XGRC® platform
The problem

Generic governance disclosure cannot withstand stakeholder scrutiny.

When apply-and-explain disclosures are written from a template rather than from evidence, boards struggle to show that King V principles are genuinely applied — not just referenced in an integrated report.

  1. Governance disclosures written generically, disconnected from actual practice

  2. Risk appetite set by the board but not visibly monitored day to day

  3. Combined assurance mapped in a static document, out of date within months

  4. ESG oversight treated as a reporting exercise rather than a governance responsibility

The XGRC® approach

A structured, evidence-based governance process.

  1. 01

    Define governance structures, roles, and delegation of authority

  2. 02

    Link strategy to the risks and opportunities that inform it

  3. 03

    Set and monitor risk appetite and tolerance at governing body level

  4. 04

    Map combined assurance coverage across management, internal audit, and external assurance

  5. 05

    Embed ESG oversight into governance reporting and board committees

  6. 06

    Prepare apply-and-explain disclosures backed by evidence, principle by principle

How it works

Built for governance and risk teams, reported to the board.

  • Central governance framework linked to risk and assurance data
  • Live risk appetite and tolerance monitoring
  • Combined assurance matrix mapping coverage across all lines of defence
  • ESG oversight linked to sustainability data and targets
  • Board-ready reporting aligned to each King V principle
Integrated Assurance

One connected view of governance

Integrated Assurance links risk governance, the combined assurance matrix, and audit findings on one platform, so King V disclosures are backed by current evidence rather than a once-a-year reporting exercise.

From manual to XGRC®

The same governance principles, backed by evidence.

Manual approach: Generic, templated disclosures

XGRC® approach: Disclosures backed by current evidence

Manual approach: Risk appetite set but not monitored

XGRC® approach: Live risk appetite and tolerance monitoring

Manual approach: Combined assurance mapped in static documents

XGRC® approach: Combined assurance matrix kept current

Manual approach: ESG oversight disconnected from governance reporting

XGRC® approach: ESG oversight embedded in board reporting

Free resource

King V Governance Readiness Checklist

  • Leadership, ethics and governance structure
  • Risk governance
  • Combined assurance
  • Compliance and legal governance
  • Sustainability and ESG governance
  • Apply-and-explain reporting discipline
PDF · Governance aligned · v1.0
Standards and frameworks

Report against the governance principles stakeholders expect.

  • King V
  • Corporate Governance
  • Risk Governance
  • Combined Assurance
  • ESG
  • Compliance
Scope of application

One platform across every dimension of governance.

  • Leadership and governance structure
  • Risk governance
  • Combined assurance
  • Compliance and legal governance
  • Sustainability and ESG governance
Frequently asked

Common questions.

01What is King V governance software?

King V governance software gives boards a structured way to apply King V principles and report against them with evidence, covering risk governance, combined assurance and ESG oversight on one auditable platform. King V itself is applied on an apply-and-explain basis, not a certifiable requirement, so the software’s role is to make that explanation credible.

02Does XGRC® monitor risk appetite, not just document it?

Yes. Risk appetite and tolerance are monitored at governing body level on a live basis, so the board can see whether actual risk exposure is within the appetite it set, rather than reviewing it once a year.

03Is the combined assurance matrix kept current for governance reporting?

Yes. The combined assurance matrix maps coverage across management, internal audit and external assurance continuously, so King V disclosures on assurance are backed by current data rather than a static document.

04How does ESG oversight fit into King V reporting?

ESG oversight is linked to sustainability data and targets and embedded directly in board reporting, so it is treated as a governance responsibility rather than a separate reporting exercise added at year end.

See King V governance as a structured, evidence-based process.

Book a demo to see how XGRC® supports apply-and-explain governance reporting backed by real risk, assurance, and ESG data.

Book a demo