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The GCC Board Directors Institute, together with the Caribbean Corporate Governance Institute, The Hong Kong Institute of Directors, Mauritius Instit. ....
Professional education vital for directors if firms are to prosper By Parmi Natesan and Prieur du Plessis MODERN-day directors have a vital but difficult job to do. They will succeed only if they have the right directorial skills and keep those up to date. One just has to open any news site these days to read about some or other corporate/financial/governance failure involving public and private sectors alike. Many internal and external factors are involved when an organisation runs into headwinds, but one can confidently state that a common thread is a board that is performing below par. ....
Directors strongly advised to understand and fulfil their duties By Opinion By: Parmi Natesan and Prieur du Plessis âDIRECTORS need to understand and execute their legal duties effectively â and thus avoid potential liability.â The key to performing well as a director, and to being able to avoid liability, is to discharge oneâs duties competently. This is particularly important, as the courts are now increasingly holding directors to account for breach of their duties. In South Africa, directorsâ duties are primarily contained in the common law. Some of these have been codified into the Companies Act and are also covered in the King IV Report on Corporate Governance. ....
Boardroom Brief: Onboarding of new directors should improve their contribution By Opinion Parmi Natesan and Prieur du Plessis A WELL-CONSTRUCTED induction programme will equip directors to add value more quickly and improve their overall contribution. South African boards are under pressure to improve their diversity in order to improve their decision-making in a complex and demanding economic and social environment. The unintended consequence of this drive to identify and recruit directors from beyond the traditional club is that new directors may find themselves with a lot of ground to cover before they can genuinely begin to contribute. At the same time, even apparently experienced directors are likely to find the challenges of taking up a new board appointment more difficult to overcome than they might originally have thought. One initiative by the Institute of Directors in South Africa has been to create two professional designations for directors, nam ....