Author: Madelein Burger

On Friday, 1 October 2021, the Department of Trade, and Industry (DTI) published a new draft of the Companies Amendment Bill, 2021 (2021 Bill) for public comment. The 2021 Bill is to amend the Companies Act, 2008 (Act). Comments on the Bill must be submitted to the DTI by 31 October 2021.  This follows the draft Companies Amendment Bill published in 2018 (2018 Bill). The 2021 Bill notes that the legislator is also considering amendments to the Act as regards worker representation on company boards and the extension of directors’ duties in favour of a multiplicity of stakeholders (as opposed…

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