South African Company law: non-executive director – is your house in order?

Intaxation terms of South African Company law, for many companies, having a board of directors means having both executive and non-executive directors that serve on it. An executive director is also an employee of the company and therefore, can be described as more operationally involved or involved on a more permanent basis with the day-to-day running of the company.

 

A non-executive director, on the other hand, is involved only in attending directors’ meetings. As such, he or she has little or no operational involvement.These non-executive directors often serve on several boards as experts in their respective fields.

 

So, the question is – how have they structured their own affairs?

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