Introduction

The purpose of this webinar is to help professionals understand the important responsibilities of directors in South Africa. We will explain what the law (Companies Act) says about their duties, as well as the principles from the King Code and corporate governance. This session will show how these rules and guidelines apply in real business situations. By the end, attendees will know how directors should act legally, ethically, and responsibly to protect the company, its employees, and its stakeholders while supporting the company’s success. 

Category: Financial Reporting and Steward

Channel 2: Growth

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Information

Available from: 27 January 2025, 14:00

Format: Webinar

CPD Units: 3

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What will set you apart

By attending this webinar you will gain the following competencies

• Legal Framework 
• Understand the main rules in the Companies Act about what directors are required to do. 
• Learn what happens if directors don’t follow these rules, including personal consequences like being held responsible for company losses. 
• Corporate Governance 
• Explore the key ideas in the King Code (King IV) about good governance. 
• Learn why ethical leadership, honesty, and accountability are essential for directors. 
• Practical Application 
• Discover how directors can connect their duties to the company’s goals and ensure everything runs smoothly. 
• Look at real-life examples where directors failed in their duties and the lessons learned from these situations. 
• Key Areas of Focus 
• Fiduciary Duties: 
• Acting in good faith and always in the company’s best interests. 
• Avoiding decisions that benefit themselves over the company. 
• Duty of Care, Skill, and Diligence: 
• Making informed and thoughtful decisions based on facts. 
• Using their knowledge and skills to guide the company effectively. 
• Managing Conflicts of Interest: 
• Knowing how to handle situations where personal interests clash with company interests. 
• Oversight of Risks: 
• Keeping a close eye on financial and operational risks to prevent problems. 
• Making sure the company is prepared to handle challenges. 
• Sustainability and Stakeholders: 
• Promoting long-term success by balancing the needs of the business, employees, and stakeholders. 
• Ensuring the company acts responsibly toward the environment and society. 

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Certificate

The following event is awarded 3 CPD units in Financial Reporting and Steward

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Presenter

Leana van der Merwe

With 18+ years in accounting and corporate governance, Leana leads technical support at CIBA and is a recognized thought leader in regulatory compliance.

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Accounting Weekly

Please note reading Accounting Weekly articles can count towards non-verifiable CPD.

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