In contrast to the Cadbury report's focus on internal governance, the King I report included a code of corporate practices and conduct that went beyond the organization itself, taking into account its impact on the larger community. True

True.

Explanation:

King report: It is a report based on corporate governance for South African companies, and they have its copyright. It is one of its own kind which is non-legislative and is based on principles and practices. It has issued standard of conduct for all listed companies and it recommends an integrated approach for all stakeholder. It says good governance is essential for effective and ethical leadership.

Following are the purpose of King report:

step 1: create a plan

step 2: inventory facility equipment/assets

step 3: create preventive maintenance procedures

step 4: create preventive maintenance schedules

step 5: train your maintenanceteam

step 6: analyze – adjust - improve

or

step 1 – pm procedure design: doing the effective things

step 2 – pm procedure scheduling: efficient use of people and resources

step 3 – pm lubrication engineering

step 4 – pm training: back on the chain gang

step 5 – pm program management plan

step 6 – communicate, communicate, communicate