For a business owner, staying ahead of legislative and regulatory changes – especially with the latest amendments to the Companies Act No. 16 of 2024 – can feel overwhelming.
It is already difficult to navigate through the complexities of good governance and compliance; however, it’s crucial for South African companies and business owners to be aware of these changes. Yet, many South African companies and business owners may not fully grasp the scope and the implications on them as individuals.All of these changes demand attention while you continue managing daily operations and maintaining profitability.
To manage all the above and ensure compliance, it is highly recommended to utilise a skilled and appropriately qualified company secretary.A company secretary plays a critical role in ensuring your business’s integrity, transparency and accountability. With increasingly complex reporting, compliance and governance requirements, company secretaries are key players in areas like:Gone are the days when company secretaries were simply administrative assistants.
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