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.
Employee-owned businesses benefit from boosted productivity, profitability, and staff morale. So why are they so rare?
The corporate veil, traditionally friend of directors and foe of outsiders, may have turned double agent.
A primary focus on prosecuting those who have committed illegal phoenix activities has not been successful.