Two important Companies Amendment Bills, six years in the making and agreed upon by stakeholders, have languished on President Cyril Ramaphosa's desk for two months.
From a certainty perspective, it would have been best if these Companies Amendment Bills were signed before the fast-approaching election, says Nasrin Kharsany, senior knowledge lawyer at Webber Wentzel. Some of the changes in the Companies Amendment Bill include allowing third parties to request access to a large private company's annual financial statement, provisions for the preparation, presentation, and voting on a company's remuneration policy and its remuneration report and the ability to remove a director from the pay committee.South Africans need to be in the know if we want to create a prosperous future.
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