Management as Affected by Company Law Application: The Principle of Corporate Governance.

Abstract

The demographics of south African economy have changed since 1994 dispensation. This was followed by global recession of 2009, which changed the attitude in business world that promulgated stringiest regulations to ensure the success of companies. That compliment need for a vivid company law that relish sustainable development. Therefore, it is important to evaluate whether South African Companies Act 2008 will achieve its role adequately and possible borrowing from other statutory to embrace development.The main aim of this paper is to determine what is the effect of Companies Act 2006 UK on management by directors and in particular how does it affect any influence of shareholders on company action, and what would the effect be if introduced into South Africa.