Why change?

• Political changes.
• Global changes in how businesses function and operate.
• Need for higher standards in corporate governance.
• Increase in international trade emphasis.
• The need to modernize company law.

New features

• Memorandum of incorporation
• Director’s liability
• Director to be declared delinquent
• Remedy for oppressive and prejudicial conduct
• Audit requirements
• No Par value Shares
• Regulation
• Business Rescue

08 October 2011