On 1 October 2018, Professor Mervyn King is handing over the role of chairman of the King Committee to Professor Suresh Kana.

King has been chairman of the committee since its inception in 1992, and remains onboard in his new role as chairman emeritus. The move is in line with his role change at the International Integrated Reporting Council (IIRC), again from chairman to chairman emeritus, on the same date. He will continue his advisory and advocacy roles to both these committees.

He has changed the corporate governance landscape not only in South Africa, but also internationally. His intellect and insight are exceptional, and he has made an extraordinary contribution.

Kana is currently holds the chair at both Imperial Holdings Group and Murray and Roberts, and is lead independent director of JSE Limited. He also chairs the audit committee of the United Nations World Food Programme based in Rome. He joined the King Committee in 2000 and has been involved in the development of the King II, King III and King IV reports.

Felmeg Financial Services wishes Kana all the best, and thanks Mervyn for his valuable contribution to the accounting profession.