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A new dawn is upon us with the introduction of the King III Report on Corporate Governance, 2009 and the Companies' Act 71 of 2008. The recent regulatory developments will undoubtedly give our corporate law landscape a major facelift, especially in the area of Risk Governance.
The duties of directors have been codified in both the Companies Act and the King III, requiring more transparent, skilled and ethical governance of organizations. There has been several spectacular corporate collapses both locally and internationally due to a number of reasons, including poor or non-existent internal controls, non-disclosure of information, provision of misleading information and the adoption of questionable accounting practices...
Download the full article by Masephule Dinga candidate attorney Pule Malahlela above.