Session 5: Being A Director

Director includes an alternate director, prescribed officer, a person who is a member of a committee of the Board or the Audit Committee (irrespective of whether or not the person is also a member …

Half of the Board of Directors need to be elected by shareholders

Shareholders require a special resolution to remove an elected director

The company, a shareholder, director, company secretary, prescribed officer, a registered trade union that represents employees of the company or other representative of the employees may apply to …

Directors must declare their personal interests at all meetings, including related parties

Directors are expected to maintain a high standard of conduct. Directors must act in good faith, in best interests of company and to the best of their abilities

If a director is present at a meeting and fails to vote against certain decisions, they will be deemed to be party to those decisions per S77 Directors Liabilities

The Board of Directors can delegate their authority to sub committees

A company secretary is required to be a permanent South African resident

A company secretary is required to be a permanent South African resident