Cecil Kilpin | October 2023 Newsletter

By |2023-10-17T11:05:57+02:00October 17th, 2023|Accounting, Business, Finance + Economics, Goverment, Newsletter|

Companies First Amendment Bill, 2023 And Second Amendment Bill, 2023. The Companies First Amendment and Second Amendment Bill were tabled in Parliament on the 28 August 2023, and have been published. [The initial draft of the Companies Amendment Bill was published in 2018, followed by a revised draft Bill in 2021, both of which have undergone extensive public consultation and engagement]. The First Amendment Bill seeks to, inter alia:Remove certain obstacles to legitimate business activityFacilitate greater equity between directors and senior management on the one hand, and shareholders and workers on the other hand – among other things by ensuring greater transparency regarding the disclosure of senior executive remuneration and its ‘reasonableness’. The Bill proposes that shareholders be advised at annual [...]