Cecil Kilpin | August 2020 Newsletter

By |2022-01-20T11:54:57+02:00Aug 31st, 2020|Business, Finance + Economics, Goverment, Newsletter, Tax|

CIPC Releases A Directors Quick Reference Guide CIPC has released a quick reference guide designed to highlight specifically, although not exclusively, critical issues of the Companies Act No. 71 of 2008 that a director should be aware of. The central message of this guide, which is divided into 10 basic markers, is that a director of a company when acting in that capacity: must not cause harm to the company; must always act in the best interests of the company; and must ensure that there is no conflict of interest between the director and the company   A director differs from a shareholder in terms of function; power and authority and is legally distinct from the company itself. A person can act in different capacities, [...]