The duty of care, skill and diligence : the King Report and the 2008 Companies Act

dc.contributor.authorEsser, Irene-Marie
dc.contributor.authorDelport, P.A. (Petrus Albertus)
dc.date.accessioned2012-02-29T11:36:59Z
dc.date.available2012-02-29T11:36:59Z
dc.date.issued2011-08
dc.description.abstractCorporate governance is a broad concept and includes not only the common-law and statutory duties of directors, but also refers to the codes of practice of various (usually extra judiciary) entities (see generally on corporate governance and its regulation Du Plessis, Hargovan and Bagaric Principles of contemporary corporate governance (2011) 156 ff and Naidoo Corporate governance (2009) 27ff). The difference between these two meanings is that the former includes possible liability under the law for non-compliance, while the latter implies what it says, namely, it is a recommendation and non-compliance will result in “sanctions” other than direct liability. In a recent South African case the court referred to principles of good governance and it would appear that these principles (which are not contained in legislation or which are not mere restatements of common law principles) are not always mere recommendations. Instead, directors may have to adhere to these recommendations to prevent liability for breaching their legal duties.en
dc.description.librariannf2012en
dc.description.urihttp://www.lexisnexis.co.zaen_US
dc.identifier.citationEsser, IM & Delport, P 2011, 'The duty of care, skill and diligence : the King Report and the 2008 Companies Act', Journal of Contemporary Roman Dutch Law/Tydskrif Vir Hedendaagse Romeins-Hollandse Reg, vol. 74, no. 3, pp. 449-455.en
dc.identifier.issn1682-4490
dc.identifier.urihttp://hdl.handle.net/2263/18305
dc.language.isoenen_US
dc.publisherLexisNexisen_US
dc.rightsLexisNexis. This article is embargoed by the publisher until March 2012.en
dc.subjectKing reportsen
dc.subjectDuty of care (Law)en
dc.subjectCompanies Act 71 of 2008en
dc.subject.lcshCorporate governance -- Law and legislationen
dc.subject.lcshReasonable care (Law)en
dc.subject.lcshDiligenceen
dc.subject.lcshCore competenciesen
dc.titleThe duty of care, skill and diligence : the King Report and the 2008 Companies Acten
dc.typeArticleen

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