Explain two elements of value creation according to king code iv?

Question: Explain two elements of value creation according to king code iv?

According to King Code IV, two key elements of value creation are:

1. Strategic Intent: Organizations should have a clear strategic intent that aligns with their purpose, values, and long-term sustainability. This helps guide decision-making and ensures that all actions contribute to the overall goals of the organization.

2. Ethical Culture: Fostering an ethical culture within the organization is crucial for sustainable value creation. This involves promoting integrity, accountability, and transparency in all business practices, which builds trust with stakeholders and enhances the organization's reputation.

These elements help organizations create value in a sustainable and responsible manner, benefiting both the organization and its stakeholders.