UNDERSTANDING THE LEGAL RECOGNITION AND REMOVAL OF TRUSTEES IN SOUTH AFRICA
Background: In South African law, the role of a trustee in the administration of a trust carries significant legal responsibility and fiduciary obligations. However, the mere nomination or acceptance of the role of trustee does not automatically grant one the...
STATUTORY AND CONTRACTUAL INFORMATION RIGHTS OF SHAREHOLDERS IN SOUTH AFRICAN COMPANIES
Background: The South African Companies Act No. 71 of 2008 (“Companies Act”) grants shareholders statutory rights of access to certain company records and information, aimed at promoting transparency and good corporate governance within South African companies. These...
UNDERSTANDING THE KING CODE
Corporate governance has become a defining feature of responsible business practice in the 21st century. In South Africa, the King Reports on Corporate Governance (“King Reports”) have long served as a guiding light for organisations striving to balance profitability...