Insight on King IV Tax Governance

King IV highlights the role of the board in tax governance as well as that of the audit committee in ensuring responsible and compliance to tax strategy and policy that enhance corporate citizenship and wider stakeholder considerations and that in particular, the board should also take into account the reputational consequences of tax decisions to the organisation. The board has a very important role to play in the area of tax corporate governance because every single transaction has an impact on the tax decision and getting it wrong, could have significant cash and reputational costs for the organisation – Tenox Management Consultancy Inc. can assist your organisation to navigate from this potential tax minefield.