Section 76(3) of the Companies Act 71 of 2008 (the Act) details the duties of directors (when acting in that capacity) to act in good faith and for a proper purpose; in the best interests of the company and with the requisite degree of care, skill and diligence. In determining whether a director has breached […]
South African Company law provides remedies to shareholders and directors for oppressive corporate conduct. Section 163 of the Companies Act 71 of 2008 (the Act) provides: ‘163(1) A shareholder or a director of a company may apply to a court for relief if-(a) any act or omission of the company, or a related person, has
Relief Afforded to a Shareholder or Director from Oppressive or Prejudicial Conduct Read More »
The Companies Act 71 of 2008 (the Act) obliges a director of a company to disclose personal financial interests in advance, by delivering to the board notice of such personal financial interest (or to the shareholders in the case of a company where there is only one director who does not hold all of the
Conflicts of Interest & the Companies Act Read More »
