Two or more shareholders may propose resolutions for approval at a shareholders meeting as long as those resolutions relate to matters on which the shareholders are entitled to vote (Sec. 65 of the South African Companies Act). Shareholders cannot pass resolutions instructing the Board on how the company should be run.
top of page

Search
Recent Posts
See AllIn 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...
bottom of page