The Regulations to the New Companies Act were published for comment in December 2009 and include detail (amongst other things) on;

• Business Rescue
• Directors and Officers Definitions
• Administrative Fines
• andnbsp;Audit Requirements and Framework

andnbsp;SINK or SWIM What Now??!! A Strategy Based Approach to Corporate Governance Booking Form.

Strategic Corporate Facilitation – this entails facilitating a process with the directors/leadership on a business (often these people are both directors and shareholders) aimed at identifying a clear Strategic Direction and some key specific priorities in terms of Corporate Governance.andnbsp;

There is often, especially in private companies, a confusion of roles and decision making where individualsandnbsp; are both shareholders and directors – this confusion directly affects andnbsp;corporate strategy and corporate governance and can introduce additional risk factors into the business. A Corporate Facilitation process is designed to identify some of these areas and, more importantly, map out a better way forwardandnbsp;

CONSOLIDATED RISK ASSESSMENT SNAPSHOT – this report combines a range of responses received over the 3rd Quarter 2009 into a single report (using the average scores across 60 different individual assessments). This is an interesting commentary on the key areas that businesses in South Africa have come to terms with, and the areas that they are battling with. It has also (for me) confirmed some of the major hurdles that companies, shareholders and directors need to overcome in the next phase of their growth and development in South Africa – what is also interesting is that some of these hurdles have been directly addressed by both the New Companies Act (Legislation) and the King III Code of Corporate Governance (recommendations for good business practice) – both of which apply to all business (companies and close corporations).

andnbsp;The top 5 challenges faced by businesses (based on the SINK or SWIM Risk Assessment responses from the 4^th Quarter of 2009)(by no means a scientific survey) are;

1. andnbsp;Business Continuity Management;
2. Executive and Board Decisions (Board Structures)
3. Risk Management and Corporate Governance
4. Supplier Procurement and Inventory
5. Product/Services Marketing Management

(these all scored lower than 50% in the CONSOLIDATED RISK ASSESSMENT).

Contact us for more information on how you can benefit from participating in the SINK or SWIM Corporate Risk Assessment.

Complete this BOOKING FORM to book for a SINK or SWIM Marketing in an ONLINE World (Consumer Protection Act) Seminar.

Complete this BOOKING FORM to book for a SINK or SWIM New Companies Act Seminar.

The King III Code of Governance for South Africa was published by the Institute of Directors of South Africa.

The King IIIandnbsp;code ofandnbsp;Governance for South Africa was necessitated by theandnbsp;modernaisation of Corporate Law in South Africa and in particular the signing of the New Companies Act (No 71andnbsp;of 2008) into law in April 2009.

King III brings many challenges and opportunities with it since it is the first Corporate Governance recommendation framework that applies to ALL entities in South Africa.

All businesses (both large and small) need to fully understadn what is recommended by King III, apply their minds to these recommendation related to their own business, apply the code in their business - and be able to explain to the full range of stakeholders in their business how they have done so...

This is a new level of thinking for all of us in business in South Africa.

The SINK or SWIM New Companies Actandnbsp;Seminar addresses the relationship between the New Companies Act and King II nad provides some initial handles on how to start looking at these issues.

To find outandnbsp;about Seminar dates that suit you please go to the SINK or SWIM SEMINAR CALENDAR or download aSINK or SWIM new Companies Act Seminar Booking Form - with dates indicated.

Please CONTACT USandnbsp;should you have any further queries about how youandnbsp;need to andquot;apply and explainandquot; the application of King III in your business.andnbsp;

Theandnbsp;New Companies Actandnbsp;(No 71 of 2008) was signed into law in April 2009.

It comes into full effect during 2010 and is going to literally change the way business operates and is done in South Africa.

The SINK or SWIM: New Companies Act (Is it still safe to be a company director?) Seminar unpacks much of the content - an in particular the practical application for you and your business.

You can access more details of when Seminars are being held in the SINK or SWIM SEMINAR CALENDAR secion of this website, alternatively click here for a SINK or SWIM New Companies Act Booking Form listing the seminar dates.