Version: 3 | Publication date: 11 October 2011 | Format: A4 electronic editable | Pages: 3

How you benefit

• Directors know what is expected of them
• Responsibilities of the directors are clear
• Certainty regarding fees and expenses
• Solutions will be found for any disputes

Summary

A director need not be an employee and the law treats them differently. The courts have confirmed the distinction and dealt with overlapping rights and duties. King III and the new Companies Act spell out the responsibilities of directors in no uncertain terms. The template for the Appointment of a Director ensures that you comply with best practice regarding this important aspect of doing business.

Who does it apply to?

Directors of all enterprises covered by the Companies Act, 2008.