Tag Archives: Directors

Directors’ Meeting Minutes: Why Are They so Important?

The Companies Act (the Act) gives directors the power to run and manage the company’s business. In return it places responsibilities and personal liabilities on directors who do not fulfil their fiduciary duties. What is required of directors’ meeting minutes? … Continue reading

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In The News Again: Mandatory Audit Firm Rotation

Recently the head of the IRBA and the Finance Minister announced that this would commence on 1 April 2023. There has been a backlash to this by prominent bodies such as the King Committee, the Institute of Directors and the … Continue reading

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Directors and Shareholders: There’s Hope If You Forget Companies Act Compliance Requirements

The “new” Companies Act is pitted with clauses requiring that special resolutions be passed. There are also instances where as directors you are required to take certain actions such as recusing yourself if there is a conflict of interest. It … Continue reading

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Aggrieved Minority Shareholders – You Have Plenty of Options

The Companies Act gives directors substantial leeway to run a company and gives them considerable powers to do this. So how does it protect minority shareholders who disagree with how the directors operate the business? What remedies are available to … Continue reading

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Directors Don’t Like Goodbyes

“Parting is such sweet sorrow” (Shakespeare) One of the predicted negatives from the Companies Act (the Act) and the King Codes was it would be difficult to find directors. The Act and King Codes put extensive liabilities on directors, encouraged … Continue reading

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A warning to directors and company owners: Shareholder activism is growing

Recently a minority shareholder in Lewis Stores applied to the Court to have four of its directors declared delinquent, an action which the directors are reportedly opposing and which is sure to provide an interesting case study on how corporate … Continue reading

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