Deepesh Desai

Aug 1, 2024 | ghostmail.co.za | Jamie Oliver |Deepesh Desai |Ashleigh Solomons

When a director’s actions are not aligned with the company’s best interests, it can lead to reputational risks for the company itself, as well as the other directors involved. In the decision of Denton v Overstreet (CT01531ADJ2023) (1 February 2024), the Companies Tribunal took a decisive stand on the removal of a director as a result of a breach of their fiduciary duties towards the company.

Jul 19, 2023 | cliffedekkerhofmeyr.com | Deepesh Desai |Tessa Brewis

Back to basics: Financial assistance in terms of section 45 of the Companies Act Section 45 of the Companies Act 71 of 2008 (Companies Act) governs direct and indirect financial assistance to directors and prescribed officers as well as certain companies and corporations, with the purpose of protecting shareholder and creditor interests by preventing the board of a company from exploiting its power of providing financial assistance which may unduly burden the company for the benefit of...