In the South African corporate world of entrepreneurship, there are many individuals who serve as directors on boards of companies for the first time but with a limited understanding of their duties, obligations and potential liability. The course will outline the key director’s duties and liabilities under the Companies Act 2008 and King Code IV including:
- Director’s duties
- Director’s liabilities
- Limitation of director’s liability
- Appointment and removal of directors
- Disqualification and ineligibility of directors
- The rules around directors’ meetings
The objective of this course is to provide a big picture overview to new directors about their role and responsibilities under South African law and best practice to ensure that they can embrace this new position “like a boss”.