Download the document [file size 54 KB]

Good corporate governance is being introduced throughout the world as a business imperative offering competitive advantage. Investors and employers prefer to do business with those business enterprises that uphold the key elements of corporate governance, namely discipline, transparency, independence, accountability, responsibility, fairness and social responsibility.

To participants in the construction industry, good corporate governance is of particular importance and many of the employers (clients), as well as contractors, material manufacturers and suppliers are under obligation to adhere to the provisions of the King Report on Corporate Governance for South Africa, 2002. Professional service providers are also obliged, in their role as trusted adviser, to assist clients to comply with these provisions.

The CIDB in consultation with Industry Stakeholders has developed a Code of Conduct for all parties engaged in Construction Procurement.