Attendance at this seminar will secure 2 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc)
YVONNE ROSSOUW
yvonner@probetatraining.co.za
The Companies Act is the backbone of corporate governance in South Africa. Unfortunately many directors are unaware of the requirements thereof. Recent scandals and corporate failures cast a negative light on corporate governance practices in South Africa.
As a director, you are responsible for running the company in such a way that promotes the success of the company. This means to deal in good faith, act in the best interest of the company and ensure 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.
Whether you are a brand new director, or need a refresher on the requirements, this session will give you the information needed to understand your duties under the Companies Act and other important standards and legislation.
This webinar provides a detailed discussion of the responsibilities and liabilities of directors in South Africa, as well as the consequences they face should they not comply.
The following will be covered during this session:
• What is a director?
o Executive and non-executive directors
o Prescribed officers
• The board of directors and subcommittees (with relevant references to KING IV)
• What makes a good director
o Ethical requirements for directors
• Rights and responsibilities of directors as per the Companies Act
• The relationship between directors, shareholders and other stakeholders
• The liability of a director should they not comply
• An overview of other important legislation that may affect a company in South Africa
o Labour legislation
o Tax legislation
o Consumer-related legislation
o POPI and other information-related legislation
o Anti-money laundering legislation
• Practical examples of failures and consequences
