Duties of Directors & Sound Board Practices – Information Session

Duties of Directors & Sound Board Practices – Information Session
  • 17th May 2019
    09:00 - 12:00

Session 1
Duties of Directors

The (new) Companies Act, No. 71 of 2008, which came into effect from May 2011, made some fundamental changes to the duties of directors and the way that breaches of these are viewed. Not only are the duties codified fully, but directors of a company can be held personally liable should they not carry out their duties appropriately. What’s more, officers of a company – not just the directors – can also be held liable.

Consequently, it is critical that directors and officers of companies understand what is required of them in order to avoid personal liability and potential civil and criminal penalties.

Of course, carrying out these duties is also about sound business practices, so awareness of and compliance with them will lead to a more sustainable business overall.

This session will take you through duties of directors, what you need to do to protect yourself from liability and to improve your business prospects overall.

Session 2
Sound Board Practices

Board Meetings are not just a “tick the box” exercise covering the financial statements for the past period, but need to cover a good deal more if they are to be effective in order to enable directors to carry out their duties effectively and to enhance the sustainability of the business.

Furthermore, there is often confusion about and conflict between the differing duties and responsibilities of the shareholders, directors and executive management of a business.

By understanding the different roles and responsibilities of shareholders, directors and executive management, by working to a well-constructed board calendar, and by the following sound practices when preparing for the meetings you can significantly enhance the sustainability of your business and reduce risk.

This session will take you through the different roles and responsibilities and provide insight as to issues to be covered at board meetings, including good board meeting preparation.

Event organiser: Helga Smit on 021 402 4300 or email helga@capechamber.co.za

Speaker profile: Guy Whitcroft, Business Advisors and Services

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Venue Phone: 0214024300

33 Martin Hammerschlag Way, Foreshore, Cape Town, Western Cape, 8001, South Africa