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Legal Matters: Protecting yourself from declaration as a delinquent director

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In South African company law, courts have the power to declare directors delinquent. This remedy was introduced as part of the overhaul of South Africa’s corporate law regime in 2011. It is a remedy available to shareholders and other stakeholders to hold company directors accountable. The adopted delinquency order is meant to raise standards of good behaviour expected of directors. It also protects the public from incompetent and dishonest directors. On Legal matters this evening we talk to Simba Takuva, Director of Takuva Attorneys and a consultant at Molatudi Inc. about protecting yourself from declaration as a delinquent director.

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