The duty to disclose personal financial interest and its implications on good corporate governance and company efficiency with specific reference to SOC’s

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dc.contributor.advisorMupangavanhu, BM
dc.contributor.authorJonas, Sindiswa Cynthia
dc.date.accessioned2021-03-29T09:10:35Z
dc.date.accessioned2024-06-05T07:51:21Z
dc.date.available2021-03-29T09:10:35Z
dc.date.available2024-06-05T07:51:21Z
dc.date.issued2021
dc.descriptionMagister Legum - LLMen_US
dc.description.abstractThe common law duties have been preserved by the partial codification of the duties of directors in terms of the Companies Act of 2008 (‘2008 Act’). One such duty is the duty to disclose personal financial interest in terms of s 75 of the 2008 Act. The need for directors to disclose personal financial interest has become more necessary than ever before in South African companies, particularly State-Owned Companies (‘SOCs’), due to their role in the South African economy. The injury caused by the breach of this duty is not only to the company, but more harm is caused to the economy and the beneficiaries who are the recipients of services rendered by SOCs. There has been a plethora of media reports of poor corporate governance in SOCs which is attributed to conflict of interest due to failure of directors to disclose their personal financial interests in proposed transactions or approved agreements.en_US
dc.identifier.urihttps://hdl.handle.net/10566/15938
dc.language.isoenen_US
dc.publisherUniversity of the Western Capeen_US
dc.rights.holderUniversity of the Western Capeen_US
dc.subjectAuditor generalen_US
dc.subjectConflict of interesten_US
dc.subjectConstitutionen_US
dc.subjectCorporate governanceen_US
dc.subjectEskomen_US
dc.titleThe duty to disclose personal financial interest and its implications on good corporate governance and company efficiency with specific reference to SOC’sen_US

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