In most countries, abstaining from voting at a Board meeting is not regarded as dissent. Dissent must be properly and appropriately expressed.
Independent advice should be sought by a dissenting party on whether the reasons for dissent should be advised in writing to shareholders and/or stakeholders. Also, the contents of such communication should be agreed with the Board where possible.
In South Africa, security over financial instruments is typically established through a pledge, cession in security, or a combination of...
Directors often delegate certain functions and tasks to company employees or rely on the advice of experts. However, under South African...
In South Africa, banking and finance transactions often involve suretyships and guarantees. A guarantor's obligation depends on what the...