Companies Act Training Course

“Corporate governance is the system by which companies are directed and controlled.” (Cadbury report, 1992)

“Whilst Management processes have been widely explored relatively little attention has been paid to the processes by which companies are governed. If management is about running businesses, governance is about seeing that it is run properly. All companies/organisations need governing as well as managing (Professor Bob Tricker, 1984).


Course Objective:

  • To diminish the growing numbers of corporate failures
  • To perceive the lack of accountability of executives
  • To understand the lack of social conscience in the capitalist system
  • To take note of the serious delivery failures in government
  • To appreciate the need to supplement laws with a “moral imperative”
  • The need to improve South Africa’s image in the eyes of the western world

Course Outline:

Module 1: Definition and Introduction to The Companies Act

  • Interpretation of the act
  • Purpose of the act

Module 2: Formation, Administration and Dissolution of Companies

  • Reservation and registration of company names
  • Incorporation and legal status of companies
  • Transparency, accountability and integrity of companies
  • Capitalisation of profit companies
  • Securities registration and transfer
  • Governance of companies
  • Winding-up of solvent companies and de-registering companies

Module 3: Directors and Shareholders: Powers and Rights

  • Stakeholder expectation of the board
  • The importance of the chairman
  • Executive directors responsibilities
  • Delegation of authority
  • Board committees
  • Ensuring compliance

Module 4: The Role of the Board

  • Board responsibilities
  • Board makeup
  • Levels of decision making
  • Executive directors vs. non executive directors
  • Directors appointment and dismissal
  • Director induction and training
  • Board performance
  • Formalising roles

Module 5: Fundamental Transactions, Takeovers and Offers

  • Approval for certain fundamental transactions
  • Authority of Panel and Takeover Regulations
  • Regulation of affected transactions and offer

Module 6: Business Rescue and Compromise with Creditors

  • Business rescue proceedings
  • Practitioner’s functions and terms of appointment
  • Rights of affected persons during business rescue proceedings
  • Development and approval of business rescue plan
  • Compromise with creditors

Module 7: CIPC Responsibilities and Authority

  • Regulatory agencies and administration of act
  • Offences, miscellaneous matters and general provisions
  • Provisions concerning non-profit companies
  • Conversion of close corporations to companies
  • Transitional arrangements

Important Benefits:

To obtain an understanding of the process and importance of corporate governance not only to commercial organisations but all organisations (non profit, government and community organisations). Leaders and potential leaders will understand their responsibility toward the organisations. The course will also provide insight into an international perspective of corporate governance.

Course Duration:

2 days

  • The course is offered in-house and can be custom made to include specific examples and exercises based on the organisation’s activities.
  • The course is wholly interactive combining theory with role play, team exercises and group interaction.
  • Evaluation happens through participation and group discussion

Who should attend:

  • Company directors especially newly appointed
  • Executive management including senior management
  • Risk practitioners
  • All people in decision making positions
  • Government agency management
  • Non-profit organisations leadership
  • Community leaders

Previous Facilitator Feedback:

  • Excellent
  • Very good – if possible, all Managers including ED’s should attend.
  • The course is informative and well structured. Excellent.
  • Very well structured, well informed facilitator with practical examples.
  • Value for money.

Contact us for more Information or to Book Training