For the first time in South African company law, courts can declare directors delinquent. This new remedy must not be abused by those with the power to use it.
Directors who are unfairly kicked out of office by a hostile board face challenges since the legal remedies open to them are unclear.
Steinhoff was the darling of investors, asset managers, analysts and financial journalists. But its success was built on shaky foundations.
The allegations raised in a book on the Trump administration by Bob Woodward and an anonymous op-ed would be enough to get most CEOs fired.
The corporate sector owes David Murray a debt of gratitude for starting a debate about ASX governance rules that lead boards to delegate matters that are properly their responsibility.
Evidence to the Banking Royal Commission points to the systemic failings of corporate governance built on the idea of shareholder primacy. It's time to rethink the unitary board system for a start.
The only predictor of boards reaching 30% female directors is if it has a director who sits on another board that has already met the target.
Gaps in the two tier board structure which is favoured in Europe may be partly responsible for the Steinhoff corporate scandal.
The ASX code was written by, and for, corporate insiders. The council that regulates it is not monitored by a government body, and its members are not elected.