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Employment Equity is about equal opportunities to all in the workplace, eliminating unfair treatment and implementing Affirmative Action measures. |
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The Occupational Health and Safety Act places a number of obligations on employers |
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| People's Accident, Funeral & Injury Provider |
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New Companies Act
The New Companies Act imposes high professional standards and severe punishment for wayward directors and managers. Directors will have to be evaluated regularly, may be placed under probation or may be declared delinquent and be debarred for life from taking directorships.
Corporate Governance
Corporate Governance compliance and the reporting of compliance will become the single determining factor for future success and survival for businesses. |
Directors & Officers
Directors work in a tough regulatory environment and companies throughout the world face a battery of laws, codes and standards. COFESA and ABSA/AIFA in conjunction with Chartis South Africa Limited (one of SA’s leading D&O insurers) have developed a unique product offering for COFESA members, the product provides broader cover, with fever restrictions and more value added services. All this is underpinned by one of the most experienced claim teams the industry has to offer. |
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Corporate Governance & New Companies Act
Companies Act 2008
The New Companies Act imposes high professional standards and severe punishment for wayward directors and managers. Directors will have to be evaluated regularly, may be placed under probation or may be declared delinquent and be debarred for life from taking directorships.
The stringent discipline of the Act deters negligent and reckless trading.
Even after a director has left a company, he may be held liable for decisions taken during his tenure. Directors may be ordered to personally pay compensation to the aggrieved parties. King 111 requires a comprehensive report on sustainability, social, equity, broad based black economic empowerment and environmental issues.
Corporate Governance & Sustainability under the King 111 Report- GRI
Cofesa Corporate Governance and Sustainability Practitioners render the following services
- Evaluate and discipline directors.
- Perform an independent assessment of the company’s compliance and level of corporate governance standards.
- Report on the level of compliance with the relevant legislation in order to identify potential high risk areas.
- Assist companies to comply or explain their level of compliance in terms of the King 111 Report as part of GRI.
- Triple Bottom Line Compile an integrated Triple Bottom Line report in accordance with global reporting standards and to register the report at the Global Reporting Initiative (GRI).
- To assist Directors and senior management to protect and secure their personal assets.
Looking for personal and company protection?
See “Directors & Employment Practice Liability Insurance”
Panel members:
Dirk Coetsee
Senior Attorney with a master’s degree in labour law and with extensive experience in commercial law.
Andre Mattheus
MBA, CA specialist in Corporate Government and Compliance.
Danie Lemmer
B Proc (UP); BA Honours (Labour Relations) (cum laude) (1995:UJ; LLM (Constitutional Law) (1996.UP)
Renette Lieberz
Attorney (Commercial) LL.B
Edmund Schoeman
B. Comm Human Resource Management(2003 – 2005)
B. Comm Sport and Recreation. (2002-2005)
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