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WFE Focus April 2011
Mervyn King to receive 2011 WFE Award for Excellence

The WFE pleased to announce that the recipient of this year’s WFE Award for Excellence will be Professor Mervyn King, Senior Counsel and former Judge of the Supreme Court of South Africa.

Professor King is being recognized by WFE, for his work in leading national commissions on corporate governance reform, and then rapidly driving forward the global integrated reporting initiative. He has responded to the question of accounting standards alone becoming less descriptive of business, which has changed in nature over the past several decades. Financial reporting also needs restructuring. Professor King gathered experts on this question, and with integrated reporting has found a new way forward. This is a critical matter for the efficiency of capital formation.

The WFE Award for Excellence is presented annually in recognition of an outstanding contribution to the advancement of regulated exchange markets. The Award salutes innovation and improvement in the exchange industry’s operations, which leads to greater understanding and better usage of the world’s capital markets.

The WFE Award of Excellence will be presented to Mervyn King on October 13, 2011, during a ceremony at the WFE Annual Meeting in Johannesburg, hosted by Johannesburg Stock Exchange.

Mervyn King is a Senior Counsel and former Judge of the Supreme Court of South Africa. He is Professor Extraordinaire at the University of South Africa on Corporate Citizenship, Honorary Professor in the Department of Marketing and Communication Management at the University of Pretoria, Visiting Professor in the Rhodes Investec Business School, has an honorary Doctor of Laws from the University of the Witwatersrand, is Chairman of the Committee responsible for publishing the King I, II and III Reports on Corporate Governance, President of the Advertising Standards Authority, First Vice President of the Institute of Directors Southern Africa and Deputy Chairman of the Securities Regulation Panel which oversees all mergers and acquisitions in South Africa.

He is Chairman of the Global Reporting Initiative in Amsterdam and a member of the Private Sector Advisory Group to the World Bank on Corporate Governance. He is the Chairman of the Asian Centre of Corporate Governance and Chairman of the United Nations Committee on Governance and Oversight.

He is presently the Chairman of Strate, the settlement arm of trades in equities, money market instruments and bonds in South Africa. He has chaired and been a director of companies listed on the London, Luxembourg and Johannesburg Stock Exchanges.

Professor King has consulted, advised and spoken on legal, business, advertising, sustainability and corporate governance issues in 43 countries and has received many awards. He is the author of Transient Caretakers and The Corporate Citizen.

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