The simple reason for directors not being able to appoint a “proxy” and to tell the “proxy” how to vote is that their appointment comes from the Company; they do not appoint themselves. Or, to put it simply, “Delegatus non potest delegare”.
In South Africa, security over financial instruments is typically established through a pledge, cession in security, or a combination of...
Directors often delegate certain functions and tasks to company employees or rely on the advice of experts. However, under South African...
In South Africa, banking and finance transactions often involve suretyships and guarantees. A guarantor's obligation depends on what the...