Posts by Shift One
Industry: Multi-industry Group
Industry: Multi-industry Group (investment, hospitality, education, sport) The challenge The group had just updated their operating model and now needed to develop an accompanying governance model and develop a delegation of authority framework to give effect to their new operating model. Key aspects of our solution Extensive stakeholder engagement conducted and desktop review of existing…
Read MoreIndustry: Mining
Industry: Mining The challenge: A mining company was struggling with their business finances, including cashflow management and were struggling to service their debt. Key aspects of our solution Monthly reporting has been lagging for a few months and this was impacting the ability of the management team to make informed decisions based on timely reporting.…
Read MoreNurturing Financial Governance: A Holistic Strategy for Business Resilience
In what continues to be a challenging business environment, the importance of financial governance cannot be overstated. Robust financial governance reduces the risk of financial distress, offering a shield to businesses in a volatile and uncertain economic environment. When a company finds itself on the brink of financial distress, a glaring indicator is the insufficiency…
Read MoreThe Continuous Evolution of the Role of the Company Secretary
The Company Secretary role continues to evolve globally, from being a predominantly administrative role to one of being a key strategic advisor to the board and the management team. This strategic advisory role is increasingly important against the backdrop of a challenging economic environment, a complex legislative landscape with evolving risks and growing stakeholder needs…
Read MoreKey Beneficial Ownership Requirements from the Amended Companies Act and its Regulations
Following SA’s recent Greylisting by the Financial Action task Force (FATF) on the 24th of February 2023, there has been a need to act on addressing the shortcomings which contributed to the Greylisting. It is within this context that updates have recently been made to the Companies Act 71 of 2008 and its Regulations. On…
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