Posts Tagged Business
THE new Companies Act places considerably greater personal financial risk on company directors than its predecessor. Directors’ personal liability has long been an issue for companies and directors. The law has been criticised on the grounds that its directors’ liability provisions militate against individuals accepting appointment as a director, or continuing to act as a director. That’s especially applicable to nonexecutive directors because the risk of personal liability is too great relative to the fees directors normally earn.
Apart from the different degrees of care and skill that arise from specialist skills and the degree of involvement in daily management, there is no difference in law between the duties and liabilities of executive directors and nonexecutive directors.
The heightened criticism of the new act is that, for the first time, the duties and liabilities of directors under the common law have been partially codified. These prevail over any conflicting common-law duties and liabilities. If there is no such conflict, the common law remains applicable.
The common-law duties and liabilities of directors have, in most respects, not been altered by this codification to the detriment of directors. Quite the opposite, in fact — the codified duties of directors are more lenient than those of the common law in some important instances.
There are four reasons a director faces much greater personal financial risk under the new act: a director’s statutory duties have been increased, making it more difficult for directors to do their job properly; powerful new remedies are available to aggrieved shareholders against directors who do not do their jobs properly; remedies against directors are not only retained but are also wider in their scope and easier to implement; and the new enforcement regime should prove to be more efficient and effective, rendering it more difficult for recalcitrant directors to avoid personal liability.
He said he knew he was sought across the country for crimes including murder.
Soobramany described Bester as a danger to society, saying what he had done had caused trauma to his victims, which would stay with them for the rest of their lives.
Bester, who used aliases including Thomas, was arrested last Wednesday in Alberton, south of Johannesburg.
He was dubbed the “Facebook rapist” because he used social media to lure women. He told them international modelling scouts were interested in them and then met them in person. Bester would then rape and rob them at knifepoint.
He was expected to be taken to Gauteng at the weekend to face other charges there, including murder.
- Gropers Are Different Than Rapists, Experts Say (nytimes.com)
- Taylor Was a Convicted Rapist. He Served Nine Years in Prison for The Crime (socyberty.com)
- Why Can’t Johannesburg Police Convict All 11 Of Zoliswa Nkonyana’s Rapists? (queerty.com)
- Being ‘Good’ Doesn’t Help! (gabriellaceciliapinto.wordpress.com)
- Serial Groper/Rapist Targets Women In Skirts (lezgetreal.com)
- Rape victim married off to Muslim rapist (atlasshrugs2000.typepad.com)
- Let’s Declare a National Sue Our Rapists Day (radicalhub.wordpress.com)
- Serial child rapist gets more jail time (news.theage.com.au)
- Rape – Violence most foul (indialawyers.wordpress.com)
- Just What, Exactly, Does The FBI Consider To Be A Rape? [Sex Crimes] (jezebel.com)
We stood in the queue outside the bank at 8am (the bank’s indicated opening time on a Saturday) and within minutes started speculating if the branch was ever going to open today.
It did not.
I suggested to the group who were still standing around outside the ABSA branch, that you would think with all its wealth, ABSA could at least place a client-friendly notice in the window, reminding its faithful clients who might call on it on a public holiday, stating that they are sorry they are closed for the public holiday, “happy holiday to you and please call again soon when we are open”.
My comrades agreed.
- Fourteen Days of Frustration (africannum.com)