Corporate governance

High Court ruling: CIPC may impose a 10% turnover-penalty on companies failing to promptly lodge their annual financial statements

The CIPC won a High Court order empowering them to impose a 10% of annual revenue penalty on companies that fail to prepare their annual financial statements within 6 months of year-end. Failure to submit annual financial statements to the CIPC contravenes Act, 71 of 2008. Continuous non-compliance may lead to a formal investigation by [...]

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In-depth details on CIPC 10% turnover-penalty for failure to lodge annual financial statements

The CIPC won a High Court order empowering them to impose a 10% penalty of annual revenue on companies that fail to prepare annual financial statements (within 6 months of year-end). Failure to submit annual financial statements to CIPC contravenes Act, 71 of 2008. Continuous non-compliance may lead to a formal investigation by the CIPC. [...]

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Investor relations – building credibility to achieve a fair market valuation

With the purpose of extending its portfolio of client-services, Kilgetty Statutory Services recently entered into an alliance with strategic communications advisor, Investorsense. Investorsense specialises in investor and media relations by assisting clients to optimally position themselves to best attract investors and funders. This promotes effective investor relations, which is of fundamental importance for the maximisation [...]

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Kilgetty Statutory Services — Your Board and Shareholder Meetings Service Provider

Board and shareholder meetings can be time-consuming. Preparing and chairing these meetings places significant pressure and demand on an organisation’s limited staff resources. If your board is tied up in red tape, why not cut through the red tape? Consider outsourcing your board and shareholder meetings by allowing Kilgetty Statutory Services to take care of the [...]

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King IV™ — A synopsis of principle 3 of King IV™: corporate citizenship

Melanie TeBrugge — Senior Board Consultant, Kilgetty Statutory Services Principle 3 of the King IV™ Report on Corporate Governance for South Africa™ prescribes that the governing board should ensure that an organisation be a responsible corporate citizen. Fostering responsible corporate citizenship King IV™ prescribes several recommended practices in order to foster responsible corporate citizenship — [...]

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The importance of performing a King IV™ gap analysis — Implementing a good corporate governance framework

Author: Melanie TeBrugge — Senior Board Consultant, Kilgetty Statutory Services What is corporate governance? The King Report IV on Corporate Governance for South Africa™ (“King IV”) defines corporate governance as the application of ethical and effective leadership by the governing body. Good governance outcomes such as ethical culture, good performance, effective control, and legitimacy help [...]

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King IV™ – A Synopsis of Principles 1 and 2 of King IV™ Pertaining to Leadership and Ethics

Author: Melanie TeBrugge — Senior Board Consultant, Kilgetty Statutory Services The King Report IV on Corporate Governance for South Africa™ (“King IV”) sets out a governing body’s primary governance roles and responsibilities which is to set and steer the strategic direction of an organisation, approve the policies and planning in their organisation, the overseeing and [...]

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The Difference between King III and King IV

Melanie TeBrugge — Senior Board Consultant, Kilgetty Statutory Services The King Report III on Corporate Governance for South Africa™ (“King III”) was replaced in its entirety by the King Report IV on Corporate Governance for South Africa™ (“King IV”) on 1 November 2016 and became effective for all financial years commencing from 1 April 2017 [...]

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