Amendments to the South African Companies Act: Key Insights
Автор: ACASouthAfrica
Загружено: 2024-10-17
Просмотров: 134
Описание:
This session, hosted by the ACA and presented by Pinsent Masons, provides an in-depth overview of the recent amendments to the South African Companies Act, signed into law on 26 July 2024.
These amendments are set to enhance corporate governance, transparency, and business efficiency, with a significant focus on the following areas:
The Public Interest Score (PI Score) and its impact on audit requirements, financial reporting, and the necessity of a social and ethics committee.
Director and Prescribed Officer Remuneration: New mandates for detailed disclosure, raising privacy and safety concerns.
Access to Company Records: Expanded access for shareholders and the public, including the beneficial interest register and, for larger companies, financial statements.
Simplified procedures for financial assistance to subsidiaries and share buybacks.
Extended Accountability for Directors, with the timeframe to declare a director delinquent or under probation extended from 24 to 60 months.
Watch the full presentation to understand how these changes will affect your business and what steps to take to ensure compliance.
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