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If found guilty of serious misconduct, gross abuse of position, gross negligence, wilful misconduct or a breach of trust, a director can be declared delinquent by the court. If declared delinquent, an order will ban a person from holding a director position for at least seven years, or for life in
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The delinquency order provides a way to ensure that directors remain accountable to the company, shareholders, fellow directors and employees. It sets out to raise standards of good behaviour expected of directors, and protects the public from incompetent and dishonest directors.
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is a term used under
Section 162 of the South African Companies Act 71 of 2008, which allows shareholders and other stakeholders to apply to the court to declare a director of a company delinquent.
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47:. Myeni was judged by a court to have "acted dishonestly and grossly abused her powers" and "exposed SAA to financial ruin".
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66:"Delinquent directors under the Companies Act 71 of 2008: Gihwala v Grancy Property Limited 2016 ZASCA 35"
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278:"Seven things you need to know about Dudu Myeni – including how silence could land her in jail"
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Potchefstroom
Electronic Law Journal/Potchefstroomse Elektroniese Regsblad
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An example of a person declared a delinquent director in South Africa is
123:"Why South African law on directors' delinquency is open to abuse"
148:"Delinquent directors and the shareholder – Director conundrum"
280:. Business Insider Inc. Business Insider ZA. 5 November 2020
98:"How to get rid of a delinquent director in your business"
16:Legal reason to depose a director of a company
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223:"High court declares Dudu Myeni delinquent"
250:Meyer, Jaco; Kelly, Rachel (4 June 2020).
173:"Court may declare a director delinquent"
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83:10.17159/1727-3781/2016/v19i0a1246
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256:www.cliffedekkerhofmeyr.com
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198:"The Delinquent Director"
258:. Cliffe Dekker Hofmeyr
64:Cassim, Rehana (2016).
252:"Delinquent Directors"
202:greeffattorneys.co.za
306:Law of South Africa
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127:mg.co.za
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