Given the recent scandals in large listed companies and state owned enterprises, it seems that the predominant quagmire in these group type organisations was the lack of an appropriate group governance framework being in place. With most organisations adopting the recommended practices of the King IV Report on Corporate Governance for South Africa, 2016™ (“King [...]
Does my Company require a Social and Ethics Committee? In today’s operating environment, a key emphasis has been placed on companies to consider their social, economic and environmental impact of their business activities on the societies in which they operate. As companies become larger, their accountability to society increases and there should be mechanisms in [...]
On the 13th August 2019, the Companies and Intellectual Property Commissioner (“CIPC”) issued Notice 52 of 2019 announcing the introduction of a new requirement for companies to declare its compliance status in the form of a Compliance Checklist.
The Compliance Checklist requires that companies confirm their compliance with specific sections of the Companies Act, No.71 of 2008, as amended, (“the Companies Act”). The CIPC indicated that as from 1 January 2020, all companies would be required to file their Compliance Checklist prior to the submission of their CIPC annual return.
Starting a new business venture offers a substantial amount of excitement. For some, this is a new chapter they embarking on whereas for others, it could be an expansion of an existing business venture. Within any business including start up businesses, there’s a variety of processes and procedures which need to be followed in order [...]
As a start up business, capital is everything. You can’t waste money on unnecessary expenses and penalties. It’s due to this, it pays to partner with a professional services that files your SARS return on time. This saves you time, money and resources. If you aren’t aware of what the most common SARS penalties are, [...]
As part of your business set up, time should be spent on the policies and producers you want to establish for your business. After all, it's going to be the foundation in which your business will operate. Included in this is the way in which you want your business to be seen by the public. [...]
In the face of increasing pressure for companies and organisations in South Africa to pull their socks up in order to match their corporate governance practices with the King Code and Report on Governance in South Africa “King III” and South African Revenue Service “SARS” registration matters, it has become a lot more difficult for [...]
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 [...]
Kilgetty Statutory Services offers nothing short of a professional, client-focussed service that seeks to benefit all clients big and small, offering nothing less than absolute attention to detail in order to provide South African companies, big and small, a phenomenal secretarial services platform that covers everything any business could possibly need in order to maintain [...]
Financial scandals in recent years have shown us that where there is a complete lack of accountability, transparency and security in many corporate and government structures, showing a breakdown in all it means to have good corporate governance. Today, most people and financial institutions are a lot more circumspect about where they will invest their [...]
