Corporate Governance in South Africa

Corporate Governance

Corporate Governance in South Africa

There is increased activism in the governance space in South Africa with shareholders and other stakeholders seeking to implement the highest corporate governance requirements under the Companies Act, the Public Finance Management Act and the King Code.

PPM Attorneys presents expertise in both public and private sector governance, under the Companies Act as well as specific provisions of the Companies Act and the PFMA for directors of State Owned Companies and private companies. Our expertise includes more than ten years’ experience advising on, developing guidelines, regulatory frameworks, attending, sitting on and providing general advice to boards of state owned companies and private companies. Our advice, in particular focuses on the role of the board as the cornerstone of governance in a company, the segregation of roles and duties between the shareholder, the board and management as well as effective insight to management in relating to the board and to the board in addressing shareholder or stakeholder concerns and requests.

Our attorneys have advised clients in restructuring and turning around multi billion rand companies, and have advised on

Director independence

Board committee practices, including audit, investment and procurement and social, ethics and governance

Financial distress and business rescue requirements

Intra-group Financial assistance and governance/related-party transactions

Appointment and termination of directors

Fiduciary duties and personal liability of directors and prescribed officers

Financial misconduct

Derivative actions

Imitation is the greatest form of flattery, but we don’t think so in this case.

We are aware of the phishing email that has been circulated to many people. Although we are not the firm mentioned in the phishing email you may have received, we’ve received several calls because of the similarity to our firm name so, unless you’d like to have a chat about other technology law matters, please don’t call us as we won’t be able to help. 

We know the firm in the phishing email is a genuine law firm, based in Cape Town, and we’ve alerted them to what is likely an impersonation scam.

If you’d like to learn more about phishing, click on the following link (we promise this is a legitimate link ) to watch this entertaining video we did eight years ago.