Gauteng – 18 November 2019
Contact us on firstname.lastname@example.org
Cost: R3 850 (excluding VAT)
“Governance and leadership are the yin and the yang of successful organisations. If you have leadership without governance you risk tyranny, fraud and personal fiefdoms. If you have governance without leadership you risk atrophy, bureaucracy and indifference.”
– Mark Goyder (Director of Tomorrow’s Company).
It is imperative in today’s highly regulated environment for any individual appointed in a position of trust to fully understand his duties, responsibilities and potential liabilities in that position to assist him or her in being an effective office bearer while at the same time being protected from potential personal liability.
Directors of companies in South Africa have to ensure that the standard of conduct displayed by them meets the statutory requirements, in the absence of which a number of repercussions, not only limited to financial risk, may arise. For this reason, each individual has to have a basic understanding of the regulatory universe in which he/she has to operate as a director or senior executive of a company.
However, it is not only the law that is of relevance. Practicing good governance is equally important to not only be an effective board member but also to provide an additional layer of protection against individual liability. The King IV Report ™ on Corporate Governance for South Africa (“King IV Report ™”) was published on 1 November 2016 and became applicable as from 1 April 2017.
A high-level overview of the principles contained therein as well as the relevance to any business and its governing body is addressed as part of the workshop.
The legal framework: Setting the scene
- The entity
- The role players
- The rules of the game
Playing in a legislative and regulatory minefield
- Regulatory universe
- The Companies Act 71 of 2008
- Duties and responsibilities of board members
Overview of the history of corporate governance in South Africa
- King Reports on Corporate Governance
- Local and international developments leading up to King IV Report ™
- Governance outcomes and principles as per King IV Report ™
King IV Report ™ Code on Corporate Governance
- Leadership, ethics and corporate citizenship
- Strategy, performance and reporting
- Governance structures and delegation
- Governance functional areas
- Stakeholder relationships
Practical considerations in view of statutory and governance requirements
- Directing vs managing
- The role of the board and specific role players
- The role of board committees
- The role of management
- Making it a team effort
One Full day: 09h00 – 16h00
* The King IV ™ Report on Corporate Governance for South Africa 2016, Copyright
and trademarks are owned by the Institute of Directors in Southern Africa and the
IoDSA website link is: http://www.iodsa.co.za/?page=AboutKingIV