by VDT Attorneys | Apr 29, 2024 | Corporate governance, Ethics, King III, King IV, Social Responsibility
King IV considers organisations of relevance to include companies, retirement funds, non-profit organisations, municipalities, state-owned entities, trusts and similar juristic persons. Although there were many changes from the King III Report introduced by King IV,...
by VDT Attorneys | Jul 27, 2023 | Corporate governance, Trust, Will
The Supreme Court of Appeal (SCA) on 26 May 2023 handed down judgment in the Shepstone & Wylie-case in what has turned out to be a rather controversial decision. The case dealt with the Penvaan Property Trust (“the Trust”) which had three trustees. On 25 May...
by VDT Attorneys | Jun 13, 2023 | Amendment Act, Anti-money Laundering Amendment Act, Corporate governance, Non-profit, NPO
The passing of the Amendment Act has resulted in the proposed NPO Bill being withdrawn given that many of the proposed amendments were addressed in the Amendment Act. But what changes have the Amendment Act introduced in respect of NPOs? The Amendment Act has amended...
by VDT Attorneys | May 19, 2022 | Corporate governance, King IV, King Report
Businesses all over the world are constantly forced to change through technological developments, climate change, societal demands and the expectations of stakeholders. To navigate these changes corporate governance practices have evolved to help provide certainty and...
by VDT Attorneys | May 19, 2022 | Corporate governance
Non-payment of levies is obviously not desirable for a body corporate as levies are critical to the operation of a scheme and non-payment can in time affect scheme maintenance and the overall financial position of the scheme. That said, it can also be imagined that...
