Tag: CompaniesAct
Director due diligence – how a forged PhD reached the boardroom?
The Bogdanov ruling is not a story about one director. It is a test of whether South African companies can detect dishonesty before it reaches the boardroom. On 1 June 2026, the Financial Services Tribunal dismissed an application to overturn sanctions against a former independent non-executive director of a JSE-listed technology group. The Tribunal upheld the JSE's decision.
Delinquency – the corporate reckoning of directors
The Supreme Court of Appeal’s (SCA) decision in Msibithi Investments and Others v African Legend Investment and Others [2025] ZASCA 61 is a clear reminder that the power to declare a director delinquent under section 162 of the Companies Act 71 of 2008 (Companies Act) has real teeth.
