SINK or SWIM Cutting Edge Seminars

The Consumer Protection Act (No 68 of 2008) was signed into law in April 2009.

It came into full effect in April 2011 and is going to literally change the way business operates and is done in South Africa.

The SINK or SWIM: Consumer Protection Act Seminar provides an executive overview of the Act - an in particular the practical application for you and your business.

See more information on the SINK or SWIM Consumer Protection Act Seminar here.

The New Companies Act (No 71 of 2008) was signed into law in April 2009.

It comes into full effect during April/May 2011 and is going to literally change the way business operates and is done in South Africa.

The SINK or SWIM: What is happening to business in 2010?! Seminar unpacks much of the content - an in particular the practical application for you and your business.

Find out more about the SINK or SWIM New Companies Act and King III Seminar here.

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

The new Companies Act Amendment Bill was published for comment in July 2010 - together with the Regulations to the Act this provides more detail on the working of the Act and sets right a number of issues raised about the Act.

The final Consumer Protection Act Regulations were published on 31 March 2011 - they provide more detail regarding a range of different sectors and the specific application of the Consumer Protection Act.

andnbsp;The SINK or SWIMandnbsp;A New Model for Customer Engagement (AEIOU) in a nutshell:

• ASK
• EDUCATE
• INFORM
• OPTIMISE
• UNDERTAKE

andnbsp;The SINK or SWIM Model for Managing Risk identifies a range of strategies for managing a range of risks and includes:

• Strategic Elements
• Corporate Governance Elements
• Legalities
• Insurance.

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;

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

The King III Code of Governance for South Africa was necessitated by the modernisation of Corporate Law in South Africa and in particular the signing of the New Companies Act (No 71 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 Act and King III Seminar unpacks much of the content - an in particular the practical application for you and your business.

Find out more about  the SINK or SWIM New Companies Act and King III Seminar here.

Please CONTACT US should you have any further queries about how you need to "apply and explain" the application of King III in your business.

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.

You need to know what impact the New Companies Act and King III Code of Corporate Governance for South Africa will have on your business.

Now that the Consumer Protection Act has been implemented (from April 2011) no business can ignore its impact and implications – get the information you need in a way you understand. This document provides an overview and printable Registration Form for this Practical and Valuable Seminar.