Companies Act

Directors beware! The court declares Dudu Myeni (former SAA Chair) a Delinquent Director

It is a common principle within South African company law that a company is managed by its board of directors (“Board”). The Board bears the responsibility for the functioning and management of the company and is ultimately accountable for the performance thereof. However, the Board’s collective responsibility does not exclude the individual responsibility and liability of each of the directors.

It is a common principle within South African company law that a company is managed by its board of directors (“Board”). The Board bears the responsibility for the functioning and management of the company and is ultimately accountable for the performance thereof. However, the Board’s collective responsibility does not exclude the individual responsibility and liability of each of the directors.

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