2018 - Board Management & Directors Duties
Overview
This event deals with the essentials of what you need to know about being a director of a company and acting in a Board. It provides an overview of the Companies Act, 2008 in relation to directors’ duties, responsibilities and personal liability in a manner that provides a framework for Board management.
Learning objectives
The objective of the course is to provide delegates with:
- Understanding of the codified duties of directors in the Companies Act, 2008.
- Understanding of the duties of directors in the Companies Regulations, 2010.
- Understanding of the common law duties of directors.
- Understanding of recent case law.
Course Content
The course will cover the following topics:
- Who is a director?
- Who is subject to directors duties and liabilities (Prescribed officers, Appointed directors, Board committee member)?
- Are company secretaries “prescribed officers”?
- Correctly applying:
- business judgment rule,
- codified and common law directors’ duties,
- delegated functions and responsibilities
- King IV
- Limitations to powers
- Company vs Directors financial interests
- Granting of financial assistance to directors
- Standards of director’s conduct
- The correct procedure to disclose personal financial interest
- When can a person be removed as a director?
- When does a director acquire personal liability?
- When can a director be declared a delinquent/under probation director?
- When must directors implement business rescue proceedings?
- Protection for directors (Indemnity, Insurance, Whistle blow, Business judgement)
- Examples and Cases
