Directors duties

Directors of an organization are in a fiduciary relationship with that organization and should therefore always act in good faith towards that organization, and in the best interests of the organization. This fiduciary relationship forms the basis and the foundation from which all director duties emanate. Below is a summary of Common law duties and Companies Act duties (reference to […]

Removing directors of a company

The Companies Act, 71 of 2008, requires that the business and affairs of any company be managed by or under the direction of its board, which has the authority to exercise all of the powers and perform any of the functions of the company, except to the extent that the Companies Act or the company’s Memorandum of Incorporation provides otherwise […]