Overview Companies Act – 3 Hours:
As a director, you are responsible for running the company in such a way that promotes its success of the company. This means dealing in good faith, acting in the best interest of the company and ensuring compliance with laws and regulations.
The Companies Act requires that directors perform certain vital duties, and it is important that all directors understand these requirements.
In this session, we will discuss the rights and duties of directors of Non-Profit companies as required by the Companies Act of 2008.
Overview King Code – 3.5 Hours:
When it comes to corporate governance, there is no better guidance than the King Code. The King Code defines corporate governance in South Africa and provides directors with a framework and practices to implement to ensure sound governance.
With all the corporate scandals in South Africa in recent years, one has to ask if the board of directors are aware of, and implementing, the King Code.
Companies Act
The following will be covered during this session:
• What makes a good director in our modern age
• Rights and responsibilities of directors as per the Companies Act
o Important Companies Act requirements for the business
o The importance of JSE requirements
• The relationship between directors and stakeholders
• The liability of a director
• The board of directors and subcommittees
King Code
• The objectives of King IV
• A walk-through on all the King IV principles and pertinent supporting practices as pertains to a non-profit entity
o Leadership, ethics and corporate citizenship
o Strategy, performance and reporting
o Governing structures and delegation
o Governance functional areas
o Stakeholder relationships
• Practical implications of these principles and the difficulties that may be faced
• Minimum content to include in annual report for disclosure purposes
