This practical course equips company directors, executives and prescribed officers with a clear understanding of their legal duties under the Companies Act of South Africa. Participants will gain insight into ethical leadership, corporate governance expectations, personal liability risks and compliance duties, using real-world examples from recent corporate failures and governance scandals.
supported by King IV principles of good governance. Participants will learn how boards function, how personal liability can arise, and how to apply ethical and legal requirements in decision-making. The session also highlights practical governance risks and introduces relevant legislation, including labour, tax, consumer and information laws, that impact corporate oversight and accountability.
Key Topics Covered:
• Definition and appointment of directors
• Executive vs non-executive directors
• Prescribed officers and their responsibilities
• Board structure, committees & King IV
• Ethical leadership and governance values
• Directors’ rights, duties and fiduciary obligations
• Duty of care, skill and business judgment
• Liability, indemnification and insurance
• Relationship with shareholders and stakeholders
• Key legislation affecting directors (Labour, Tax, POPIA, FICA, CPA)
• Real-world governance failures and legal consequences
• Internal and external auditors
• Company directors and alternate directors
• Prescribed officers and senior executives
• Company secretaries and governance officers
• Business owners and entrepreneurs
• Audit and risk committee members
• Compliance and legal professionals
• Anyone preparing for a board position or needing a refresher on governance duties
