Kentucky Fried Chicken was founded by Harland Sanders in Corbin, Kentucky in 1929
In 1936 Sanders experimented by mixing 11 herbs with flour which created KFC’s secret recipe.
The company was founded as Kentucky Fried Chicken by Sanders in 1952 with his first franchise being sold to Pete Harman, who owned a hamburger restaurant in Salt Lake City, Utah.
KFC originated as a sit in restaurant and only until 1964 when Sanders sold the recipe and franchising contracts to a group of investors for 2 million USD, did the company move towards the fast food industry. After this, the owners of KFC have changed various times until Pepsi Inc. bought it in 1986 for 840 million USD and in 1997 separated KFC, Pizza Hut, and Taco Bell to be a new Corporation…show more content… They follow Yum! Brands’ corporate governance policy.
In 1992 the kings committee was founded explicitly to clarify the concept of corporate governance and how it can be implemented in South Africa .
South Africa is currently implementing corporate governance based on King III which is modified on the King II but the King Report started based on King I; which recommended standards of conduct for companies listed on the JSE limited and state owned companies regarding their responsibilities towards the societies within which they function and the Triple Bottom Line Reporting or rather Integrated reporting which focuses on 3 main aspects: people, profit and planet. The king report sets a guideline for companies on how to operate and forces them to give back to the community and environment which businesses operate in in order to boost the economy and create sustainability by ensuring that companies are giving…show more content… This is to ensure that KFC operates in a sustainable manner to ensure that the environment they operate within and resources will continue to exist and remain available in the future. This is achieved through CSR programmes and KFC’s most famous programme is its “Add Hope” programme (the donating of R2 when you by a meal goes towards add hope) https://www.youtube.com/watch?v=NaHJrykucpI . KFC launched Add Hope as their solution to filling the many hungry tummies of children in South Africa. Add Hope only supports feeding initiatives because they want the children of our country to be given access to nutritious and balanced meals in order to grow, learn and