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Chartered Secretaries Southern Africa
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       CEO’s                 Events                  From the                 Meet our   Students in
       message                                       Technical                members    the spotlight
                                                     Adviser’s
                                                     desk

Published by Chartered Secretaries Southern Africa
Chartered Secretaries Southern Africa
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        01                        CEO’s message
                                  CSSA is 110 years’ old this year

                                                                        Never in our 110 year history has there been
                                                                               a greater need for our institute.

                           Stephen Sadie
                              CEO, CSSA

        The Southern African division was founded in 1909 and was the first            He helped to internationalise the institute. In 1998 an important decision
        division of the global Institute of Chartered Secretaries and Administrators   was taken to create the international council.
        (ICSA) to be formed outside the UK. This is a major achievement for any
                                                                                       Marshall Murton (Barloworld) was elected international president in
        organisation, more so when many great companies have folded.
                                                                                       2001. Murton has been a great supporter of CSSA and has been the
        We have developed a special logo to celebrate 110 years. It is at times
                                                                                       driving force behind Mentor, which provides bursaries to disadvantaged
        like this that it is important to step back, see where we have come from       students. Murton recalls an interesting Johannesburg branch banquet
        and chart the way forward.                                                     in 1983, which was addressed by Judge Johan Kriegler. At the time of
        If I may use the analogy of a house. CSSA is a house with strong               PW Botha’s reforms, Judge Kriegler discussed “South Africa’s
        foundations, which means it can withstand storms, strong winds and             discriminatory practices against the background of the “rule of law” in
        heavy rain. We have built on strong foundations but at the same time we        the English sense of the expression, namely, justice based on equity and
        have continued to renovate the house from time-to-time in order to             fair principle.” 1 This talk received the longest standing ovation that CEO
                                                                                       David Price had ever experienced in the institute.
        remain relevant and dynamic in an ever changing world.
                                                                                       Bob Lees (LDC Accounting and Tax Consultants) was international vice
        ICSA                                                                           president (2009 – 2012) in one of the most difficult periods of ICSA.
        CSSA’s history is inextricably bound with ICSA’s history. CSSA has             The international council that Barnett and Murton had helped to establish
        helped to steer the mothership. A number of our members in Southern            had deteriorated into a council where all 18 UK members developed a
        Africa have been elected as international presidents and vice presidents.      style of block voting against the 8 divisional representatives. Lees, as
        Dr Gavin Barnett (Edcon) was elected international president in 1993.          international vice president, with the full support of CSSA, rallied the

    1
         Murton, M. (2009). A Personal Perspective. In Baumgardt, J (Ed.) CIS Centenary 2009, CSSA: Johannesburg

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        01                   CEO’s message
                             CSSA is 110 years’ old this year
                                                                                                        (continued)

    8 divisions against this poor governance and a general meeting of             Facing the future
    members was called whereby the single clause in the Charter and               We are trying to weather the raging storms around us. The foundations
    Byelaws, giving the UK a majority of two members, was removed. From           of the house are strong but the storm is persistent. Never in our 110 year
    then on proportional representation has been established and ICSA has         history has there been a greater need for our institute. We need ethical,
    been truly internationalised. Without CSSA members’ support and               strong chartered secretaries and chartered governance professionals.
    determination, this important governance leap may never have happened.        I am happy to report that our student numbers continue to increase
                                                                                  year-on-year. Many of our students already have undergraduate degrees
    Jill Parratt (Liberty Holdings) is currently serving as international vice
                                                                                  and are coming to CSSA to specialise in corporate governance. Our new
    president. Parratt also chairs the important constitutional affairs
                                                                                  curriculum kicked off in January and we are delighted by the enthusiastic
    committee. Parratt is helping to oversee the far reaching changes that
                                                                                  response. We look to all of our members and students to fight the
    are currently underway in ICSA.
                                                                                  raging storm.
    South Africa
    South Africa needs us more than ever before. Governance in both the
    public and private sectors is sorely lacking. The Zondo commission
    continues to lay bare how the country was stolen. The PIC commission
    and the Nugent Commission have also illustrated how governance went
    for a loop. Markus Jooste of Steinhoff continues to walk around as a free
    man. Tongaat Hulett faces possible accounting irregularities. VBS Bank
    stole from the poorest of the poor and the auditing profession is still
    trying to recover from its exposure.

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                                                                                                   Chartered
                                                                                                 Secretaries
                                                                                                 Placements

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        02                   Events and updates
                             Representation for practising members

    Professional Practice Group (PPG) AGM                                       Benson thanked Jeffries for serving 21 years on the PPG committee. She
    The PPG caters for CSSA members who are in practice mostly as               has been a member of the Professional Practice Group since 1998 and
    accountants.                                                                was elected Chairman in 2000 and onto the CSSA board the same year.

    The PPG AGM for 2019 was held at CSSA’s Head Office in Killarney,
    Johannesburg on Tuesday, 12 March 2019. Bob Lees, former ICSA VP,
    director of CSSA and Professional Practice Group chairman gave a
    charming address on the topic of “how the playing fields have changed”
    since starting his practice in 1991.

    The Chairman’s report from Nic Benson followed during which he gave
    an overview of 2018.

    Five committee meetings were held during the year and three PPG
    Forums took place. On 24 April, CSSA hosted a general forum where
    members could raise issues and obtain assistance with technical queries.      Nic Benson, PPG Chairman and Yvonne Jeffries
    On the 19th June an e-Filing workshop was held at our offices, which
    was presented by SARS e-Filing specialists. This was extremely well
                                                                                This is the calibre of individual required to assist the committee in
    attended and well received by those present. On 9 November CSSA
                                                                                representing practising members and practitioners. The committee is
    hosted a very interesting workshop on “Mitigating SARS Penalties and
                                                                                only ever as strong as the sum of its individual members. Practising
    Interest” which was presented by Nico Theron. The PPG committee
                                                                                members are encouraged to take an active role in the PPG committee, to
    represented the institute at SARS recognised controlling bodies (RCBs)
                                                                                assist the Chairman and the rest of the committee members in driving
    meetings at a full day workshop on 27th May and on 20th June, at an
                                                                                forward their interests and agendas.
    RCB full day “SARS improvement Plan” workshop.
                                                                                The Chairman also thanked active members, Tinty Mpye, Possey Mina
    On 26th July 2018, Nic Benson was interviewed by two representatives        and Lorna Zurlinden for their regular attendance and positive
    from SARS head office, conducting research on the Practitioners/RCB         contributions. He gave special thanks to Tinty Mpye and Yvonne Jefferies
    members’ perception of the SARS walk-in centres and practitioner            for taking time out of their busy practices to attend the numerous full day
    contact centres. On 7th November the committee represented the              RCB & Thought Leadership workshops at SARS Head Office in Pretoria.
    institute at a SARS National Operations Stakeholders Seminar at Le Hae
    in Pretoria. These engagements with SARS are conducted in a very            The Management Accounts for the year ended 31 December 2018
                                                                                were received by members through CSSA’s Finance Manager,
    positive manner and are in recognition of the considerable impact that
                                                                                Jenny Maybery’s address.
    practising members and tax practitioners have on influencing the
    behaviour of our clients regarding their tax compliance and general tax     Nic Benson was re-elected as Chairman of the PPG Group and
    ethics. These meetings are very beneficial as they provide insight into     re-elected committee members include Tinty Mpye, Possey Mina and
    what changes may be coming in the future. The committee has been            Lorna Zurlinden. We also welcome Barbara Reid and Onward Maburuse
    instrumental in having insight and input into the design of the revised     as new members of the committee for 2019/20 and we look forward to
    ITR12T Trust tax return that was introduced during the 2018 tax year.       working together.

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        02                     Events and updates
                               Governance professionals sit alongside company secretaries
                                                                                                                                  (continued)

    New Chartered Governance Professional designation                                 following considerable industry engagement. “Concern was initially
    Following overwhelming member support, the Privy Council gave Royal               raised that the new designation would detract from the role of the
    Assent on 8 February 2018 to the Institute’s revised Charter and Byelaws          company secretary, particularly involving the responsibility for corporate
    that introduce a second professional designation – Chartered                      governance. However it was patently obvious that the trends in modern
    Governance Professional, to sit alongside the long established Chartered          companies to combine roles and make the company secretary
    Secretary designation. Karen Robinson, CSSA Vice President says the               responsible for areas of risk and compliance, that further education and
    decision to introduce the new designation took some years to develop,             the opportunity to specialise should be offered to members.”

        Reach new heights with our range of corporate governance subjects.

          Programme 1
                                                             Intro to Financial             Intro to         Intro to Corporate
                                        Communication
           NQF 5                                                Accounting                    Law               Governance

             Programme 2                       Managing
                                                                     Principles of
                                                                                                 Advanced            Principles of                   Governance
                                              Information                                        Financial            Corporate
              NQF 6                             Systems
                                                                     Business Law
                                                                                                Accounting           Governance                      Practitioner

               Programme 3                          Management                      Advanced                        Advanced
                                                     Principles                    Business Law                Corporate Governance
                   NQF 7

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        02                     Events and updates
                               CSSA as the best educator in governance
                                                                                                                       (continued)

    The new designation can be gained by studying the wider content of the     undergraduate programme aimed at matric students. Graduates will be
    new qualifying programmes introduced from 1 January 2019 and               able to pursue either the chartered secretary or governance professional
    reinforces the Institute as the best explainer, best advocate and best     designations. Students who have already acquired an undergraduate
    educator in governance. CSSA now has a newly revised three-year            degree may proceed directly to board level.

              NQF8
        Start off with these subjects                Choose your route                                  Specialise

         Applied Governance                                                                                  Company Secretarial Practice
                                                                Company                                         Development of Strategy
         Finance for Decision-making                            Secretary

         Corporate Law                                          Governance                                     Public Sector Governance
                                                                Professional
         Risk and Compliance                                                                                 Enterprise Risk Management

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        02                  Events and updates
                            Public sector in need of good governance
                                                                                                                   (continued)

    Public sector governance                                                The course covers the structure and processes of government, principles
    CSSA has introduced a new curriculum around the public sector           of good governance within the public sector, the role of decision-makers,
    governance course at NQF8, which is designed to benefit employees in    shareholders and stakeholders as well as public sector accountability
    the public sector in state-owned companies, national and provincial     mechanisms.
    government departments, and municipalities. Public sector governance    It goes without saying that because many people depend on the services
    can be taken as a standalone module or as part of the Occupational      provided by the public sector such as education, health, security and
    Certificate: Governance Professional, which includes the following      electricity, governance failures need to be addressed. The current
    modules:                                                                tension around poor waste management, housing, crime and substance
    ¾ Applied Governance;                                                   abuse is as a direct result of poor governance. This gives great impetus
    ¾ Corporate Law;                                                        to the role of corporate governance professionals within an organisation.
    ¾ Finance for Decision-making;                                          The Companies Act requires that SOCs and listed organisations appoint
    ¾ Risk and Compliance; and                                              a company secretary to provide guidance to the company.
    ¾ Enterprise Risk Management.

                                                                       Public sector governance

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     Imagine how good governance can change our future.
         If you are brave, forward thinking with an ethical conscience, and
       interested in following a career in corporate governance or company
        secretaryship we’d like to hear from you. Together we can make our
                  country the shining beacon of good governance.

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                               From the Technical
     03                        Adviser’s desk
                               Risk management crucial to a company’s success

                                                     Risk identification and risk management needs to remain at the
                                                   forefront of every board agenda as the consequences flowing from
                                                                 risks materialising could be catastrophic.

                     Sabrina Paxton
              CSSA Technical Adviser

    The importance of managing risk within an entity cannot be emphasised        could lead to serious reputational damage being suffered by a company
    enough. We live in an unpredictable and ever-changing society with           thus proper social media policies need to be in place to mitigate such a risk.
    constant threats being faced by all companies. Risk identification and
                                                                                 Continuous innovation by companies is yet another mitigating factor
    risk management needs to remain at the forefront of every board agenda
                                                                                 when looking at artificial intelligence as a risk. Companies need to keep
    as the consequences flowing from risks materialising could be
                                                                                 relevant and stable in this fast-paced digital landscape. An example of
    catastrophic. Risk management is a constant task and not a once-off
                                                                                 failing to innovate can be portrayed by former leading entertainment
    action. Companies need to identify both internal and external risks as
                                                                                 entity BlockBuster, which relied on consumers to go in-store and rent
    both are imperative to the long-term success of a company.
                                                                                 movies, assuming that this would always be how customers digested
    There are risks, which are unique to a company and are industry specific,    content – a critical failure. Netflix then came along and distributed DVD’s
    but there are also numerous risks, which apply across all industries and     via an online platform as its initial point of difference, but then continued
    companies. Companies need to identify their risks and need to formulate
                                                                                 to explore the opportunities that lay in distributing content digitally – an
    a risk register, which contains proper action plans and control measures
                                                                                 example of how continuous innovation can lead to long-term success.1
    that are in place to mitigate each risk. This risk register needs to be
    updated on an ongoing basis as risks constantly change and evolve.           Failure by company secretaries to update the board on changes to
    Risk management is ultimately the responsibility of the board, though the    legislation and regulations, which impact the company, is a risk which
    actions are delegated to management. All staff within a company need         may be mitigated by ensuring that company secretaries have the
    to be made aware of the possible risks and the consequences associated       requisite skill, knowledge and expertise to effectively discharge their
    therewith. An improper social media post by an employee, for example,        duties. Company secretaries need to ensure that they keep abreast of all

    1
        https://www.forbes.com/sites/biancamillercole/2019/01/10/innovate-or-die-how-a-lack-of-innovation-can-cause-business-failure/#1df6a86b2fcb

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                             From the Technical
     03                      Adviser’s desk
                             Risk management crucial to a company’s success
                                                                                                     (continued)

    changes to legislation and that they advise the board correctly on what       Because risk has become such an important aspect for company
    would be required to ensure compliance. Boards then need to action            secretaries and governance professionals, CSSA’s new curriculum has
    advice given to them by company secretaries and be proactive in               introduced two risk subjects at board level i.e. risk and compliance; and
    meeting all legal and regulatory requirements. Failure to adhere to           enterprise risk management. CSSA has committed itself to providing a
    legislation may lead to financial and personal liability being suffered by    relevant up-to-date qualification, which is accepted in 80 countries
    the directors of the company not to mention the reputational damage           around the world. In conclusion, risk management needs to be debated,
    that would follow.                                                            analysed and implemented frequently by all companies.

    Another risk being faced by all companies is that of cyber-attacks, which
    have become more frequent. Companies need to ensure that they have
    proper policies and procedures in place to proactively handle the threat
    of cyber-attacks. We have witnessed many companies become victims
    to this and the damage that has been suffered as a result of such attacks
    and the failure to mitigate them. An example is that of Liberty, which was
    subject to a cyber-attack.

                                            What are the current tangible benefits of membership?

        Weekly emails – continuously be updated with the latest                       Up-to-date technical support with a monthly technical
         thinking in the profession                                                     newsletter
        Quarterly Ezine                                                               Networking opportunities
        Quarterly Boardroom magazine                                                  Access to Chartered Secretaries Placements should you
        Discounts on conferences and CPD seminars                                      be in need of a job or career guidance
        A guarantee to employers regarding the member’s                               Commissioner of Oaths status for members that are in
         character, integrity and accountability                                        good standing
        Adherence to a code of ethics and conduct

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      CSSA Technical
      support package
       Technical Newsletter – 11 editions (electronic)              Access by e-mail to the Institute’s Technical Adviser
       Boardroom – the Institute’s quarterly journal                Discounts on conferences, webinars and CPD seminars
       eZine – the Institute’s quarterly eMagazine                  Information mailers sent out weekly

                     The Technical Adviser is Sabrina Paxton. Sabrina is an attorney and obtained her LLB (Cum Laude) and her LLM from the University of
                     Johannesburg. She has worked in private practice with KR Incorporated, and has also worked in the company secretarial department of
                     Business Partners Limited. Sabrina has worked as a legal consultant specialising in corporate and commercial law.

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e-z                                                                                          Chartered Secretaries Southern Africa Issue 1 | 2019

                                                         promotes good governance

                                                                                                             Premier
                                                                                                             Corporate
                                                                                                      Governance
                                                                                                      conference since ‘09

                   26 & 27 September 2019                        Montecasino, Johannesburg
                                                                                                                       Save
                                                                                                                       the date

    Contact: events@chartsec.co.za to make your booking.
    www.chartsec.co.za

              Website              Email                 Telephone
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                                                                                                                        Chartered Secretaries Southern Africa
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e-z                                                                                                                    Chartered Secretaries Southern Africa Issue 1 | 2019

                              Meet our
     04                       members

                                                       A qualification that qualifies people in corporate governance,
                                                  helps protect shareholders, employees and investors and promotes the
                                                      ethics of what is right in business, is probably one of the most
                                                                        important qualifications today.
                   Rob Tiffin (FCIS)
               CEO, African Extracts

    Pathway to studying CSSA                                                       CSSA qualification
    I went to school at Rondebosch Boys High in Cape Town, was a keen              A great family friend was a past CSSA president, Fred Thornton. He told
    Scout and completed my national service as an operations officer in the        me about it, I knew I did not want to become an accountant as I had tried
    South African Navy. I was on the last full-time CSSA course at the Cape        six months of articles before I went to the Navy and hated it. The course
                                                                                   was very general in those days and I felt that, after three years, I was well
    Technikon. I had a great three years of study, but it was a challenge as
                                                                                   equipped to tackle business. It has international recognition, world-class
    the course was run independently of the Technikon. I was one of only
                                                                                   standards, a peer group of extremely qualified and learned professionals
    three out of an initial class of 30 to complete the final exams. I then went
                                                                                   and an organisation (the Institute) that keeps corporate governance alive.
    on an AIESEC exchange to the United States for two years, attached to
                                                                                   Career and work
    Michigan State University in Detroit working at Burroughs Computers,
                                                                                   I am the CEO of African Extracts, responsible for 80 people, producing
    later Unisys in an analyst position. On my return to Cape Town in 1980,
                                                                                   180 000 units a month. I focus on everything – from making it to selling
    I started a cosmetic manufacturing company, which I sold after two
                                                                                   it. I have an incredibly busy day. I love coming to work. I love the variation;
    years, and started a toiletry and home fragrance gift company (which I         from marketing, sales, accounting, costing and production issues. It can
    still have) supplying major retailers. We started the business with an old     be tough when you have started a business and done everything yourself
    bed frame used to sift wood shavings from a nearby lumber yard, which          to delegate and just manage and not interfere everywhere.
    we dyed various colours and dried on nets, before spraying on fragrance
                                                                                   My views on the role of the company secretary in today’s
    with a spray gun and blending the colours in a concrete mixer. What a          workplace
    success it was – to my disbelief! Today, we have diversified into cosmetic     If you live in South Africa today, you realise that a qualification that
    manufacturing and have established African Extracts Rooibos skin care,         qualifies people in corporate governance, helps protect shareholders,
    which is the fastest-growing South African skin-care brand.                    employees and investors and promotes the ethics of “what is right in

                  Website                    Email                     Telephone
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                                                                                                                                                  Chartered Secretaries Southern Africa
i n e
e-z                                                                                                                     Chartered Secretaries Southern Africa Issue 1 | 2019

                              Meet our
     04                       members                                        (continued)

    business”, is probably one of the most important qualifications today.         He said: “making it is easy, is all about selling it.” In cosmetics it’s all
    That is why I was the Cape branch chairman of CSSA and on the board            about selling. I have sold fragranced wood shavings and made a tidy
    because I believe it is important.                                             sum from it, so I learnt quickly. Now I sell skin care and all I worry about
                                                                                   is selling it, as no one needs it.
    Inspirational anecdotes
    Study hard; I worked really hard to get qualified. But the biggest lesson I    Leisure time
    learnt was when I was very young and I had a big beautiful factory with        I am a competitive glider pilot and I fly all over the country and sometimes
    no business, as our big client had gone bankrupt. A business colleague         overseas. I have studied wine extensively and am now studying for my
    asked: “have you learnt your lesson yet?” I replied: “what is that”.           Cape wine-master qualification.

                                                                      Boardroom hire

     Chartered Secretaries Head Office. Situated on the ground floor in the Riviera Road Office Park. Close to Riviera Road offramp on the M1 South,
     opposite the Killarney Mall.

        Seats up to 22 delegates in boardroom style, 60 delegates in                   R1 850 (excl. VAT) half day; and
         cinema style;                                                                  R3 000 (excl. VAT) full day.
        Includes a white board, flip chart and data projector
                                                                                   Tea and coffee provided – outside catering needs to be managed
        Temperature controlled;
                                                                                   separately.
        Small break-away room;
        Secure parking available;                                                 Contact Brenda Foster Brenda@chartsec.co.za or (011) 551 4014

                  Website                   Email                      Telephone
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                                                                                                                                                   Chartered Secretaries Southern Africa
i n e
e-z                                                                                                                 Chartered Secretaries Southern Africa Issue 1 | 2019

                              Meet our
     04                       members                                        (continued)

                                                             More than ever before, the company secretary should be
                                                           the moral compass of the board and a good sounding board
                                                                                for the Chairman.
             Tarryn Butcher (ACIS)
     Manager: Transaction Support,
                Actis Africa Limited

    CSSA qualification                                                             My views on the role of the company secretary in today’s
    I would recommend the CSSA qualification as you get a good all round           workplace
    qualification covering law, finance and business management, and it            There is definitely a role for the company secretary in the workplace
    helps you and broadens your career options if you don’t want to go into        today, more than ever before, the cosec should be the moral compass of
    governance or compliance.                                                      the board and a good sounding board for the Chairman. Company
                                                                                   Secretaries should take the lead in being the voice for ESG and RI issues
    Career and work
                                                                                   a company can or may face, and make sure that the board are being held
    I have been with Actis for the past 11 years as Manager: Transaction
                                                                                   accountable to the highest standard.
    Support working globally with all our Asset classes. Every day is different,
    every project is different and though some of the tasks are repetitive,        Leisure time
    there is always something different and exciting going on.                     I have a toddler so free time is a luxury but fortunately we both enjoy
                                                                                   being active, so we swim, ride bikes and generally enjoy being outdoors.
    My job entails administrative work around setting up of companies and
    appointing directors, compliance with regulations, working with
    regulators i.e. SARB, Competition Commission, FCSA. It also involves
    assisting some of our investment teams on corporate governance issues
    and guiding them on best practice. I am presently looking at risk and
    doing KYC and due diligence on all our customers as well as running
    regulatory sanctions on a bi-annual basis. I also look after the South
    African office at an operational level for compliance with yearly filings
    and updates to CIPC in addition to tax filings, legal and financial aspects.

                  Website                    Email                     Telephone
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                                                                                                                                               Chartered Secretaries Southern Africa
i n e
e-z                                                                                                              Chartered Secretaries Southern Africa Issue 3 | 2018

                                                                                         The world is evolving.
                                                                                        what about your career?

         The floppy disk remained popular for almost 40 years. But as things evolve, better and smarter ways are discovered to store data. Today we
        use the cloud. Tomorrow – who knows? The truth is there will always be a desire to improve things. It’s the same when it comes to knowledge.
          That’s why CSSA will help you stay ahead of the pack with Continuing Professional Development (CPD), which ensures you’ll remain at the
                                                    cutting edge of developments. Don’t get left behind.

     Seminars
     Region            Date           Topic                                                    Speaker                                  Time            CPD hours

     Johannesburg      24 April       Unpacking section 43 of the Companies Act 2008           Yaniv Kleitman                09:00 – 11:00                                 2
                       23 May         The diary of a seasoned company secretary: practical     Jill Parratt                  09:00 – 11:00                                 2
                                      lessons learnt

    Webinars
     Date              Topic                                                                   Speaker                                  Time            CPD hours
     25 April          Debt write-offs (holder and issuer)                                     Carmen Westermeyer             09:00 – 11:00                                2
     6 May             Back to basics: Consolidations                                          Caryn Maitland                 14:00 – 16:00                                2
     20 May            IFRS 15 and 16 Leases                                                   Caryn Maitland                 14:00 – 16:00                                2
     23 May            Leasing vs installment sales. Income Tax vs VAT.                        Carmen Westermeyer             09:00 – 11:00                                2
     28 May            Ethics is your responsibility too                                       Cynthia Schoeman               09:00 – 11:00                                2
     3 June            IFRS 9 Financial Instruments                                            Caryn Maitland                 14:00 – 16:00                                2
     10 June           Practical Companies Act: Working with CIPC                              Caryn Maitland                 14:00 – 16:00                                2
     20 June           Compilations and drafting                                               Caryn Maitland                 14:00 – 16:00                                2

      See our website for the latest information and registration                                                               www.chartsec.co.za
      You can earn CPD hours by attending a seminar

    Contact: brenda@chartsec.co.za to make your booking.
    www.chartsec.co.za

                 Website                      Email                       Telephone
18               www.chartsec.co.za           info@chartsec.co.za         +27 11 551 4000    Join us on                                                           YEARS
                                                                                                                                            Chartered Secretaries Southern Africa
i n e
e-z                                                                                                                   Chartered Secretaries Southern Africa Issue 1 | 2019

                              Students in
     05                       the spotlight

                                                            Good corporate governance is no longer a support function
                                                                       that can be optional – it is crucial.
                   Kedibone Molefi
          Senior legal counsel and
       company secretary, Heineken
                       South Africa

    Pathway to studying CSSA                                                       Career and work
    My qualifications include an LLB and an LLM (contracts) (cum laude)            I am a hardworking legal eagle as the senior legal counsel and company
    from the University of Johannesburg. Thereafter, I completed a Post            secretary for Heineken South Africa. My job entails managing legal risk
    Graduate Diploma in Corporate Law from the University of Witwatersrand.        in strategic business projects (mergers and acquisitions); providing
    I completed my CSSA board exams in 2018 and I am currently completing          commercial legal support; managing the IP portfolio and all associated
    the GIBS Leading Women programme.                                              contracts; corporate governance; compliance and regulatory and
                                                                                   litigation. I enjoy the robust nature of the FMCG environment as well as
    CSSA qualification
                                                                                   the need to constantly think out of the box in finding legally complaint yet
    The CSSA qualification is imperative in gaining in-depth knowledge
                                                                                   commercially viable solutions.
    related to corporate governance. It has provided me with the insight I
    need as the custodian of good governance in my organisation. It has            My views on the role of the company secretary in today’s
    also created the awareness required to fully comprehend the                    workplace
    responsibility associated with the role of a company secretary to ensure       Good corporate governance is the backbone of any successful business
    that we operate at all times within the ambit of the law. I would              or organisation. The role of the Chartered Secretary is crucial in
    recommend the qualification because as an attorney, it requires one to         embedding that train of thought and approach to corporate behaviour
    not only consider legislation as a source of reference but all related         and culture. Chartered Secretaries have to be bold and assertive in
    guidelines that assist entities in becoming good corporate citizens. An        executing their role because the impact that they have is fathomless.
    analysis of King IV is imperative in executing the role and responsibilities   Good corporate governance is no longer a support function that can be
    of being a company secretary.                                                  optional – it is crucial.

                  Website                    Email                     Telephone
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                                                                                                                                                 Chartered Secretaries Southern Africa
i n e
e-z                                                                                                            Chartered Secretaries Southern Africa Issue 1 | 2019

                              Students in
     05                       the spotlight                                             (continued)

    Inspirational anecdotes                                                     Leisure time
    “Successful and unsuccessful people do not vary greatly in                  I am mother to two beautiful girls and enjoy spending time with my
    their abilities; they vary in their desires to reach their potential” –     family; reading and travelling.
    John Maxwell and success starts with a burning desire within to achieve
    your goals despite adversity.

                                 Why become a Chartered Secretary or Chartered Governance Professional?

        You’ll stand out from the competition with an enhanced professional identity – those with professional qualifications instantly stand
         out to prospective employers.
        It gives instant recognition of your professional and academic achievement – being Chartered shows that you have reached a level of
         academic achievement and professional experience.
        The qualification is recognised around the globe and CSSA members in good standing are welcome anywhere in the world should
         they decide to emigrate.
        There is currently a shortage of qualified and experienced Chartered Secretaries and Chartered Governance Professionals, with
         demand on the increase in light of the Companies Act and the King code. This means that members can command competitive
         remuneration packages.
        If you are studying or starting out in your career, belonging to a professional body will give you a good head start and support structure.
        The benefits of belonging to a professional organisation can enhance your professional life and far outweigh the disadvantages of an
         annual fee.
        CSSA is:
          – A registered professional body with SAQA;
          – A recognised controlling body for tax practitioners with SARS;
          – An accredited quality assurance partner of QCTO;
          – Represented on the King committee;
          – Recognised by the CIPC for accounting officers;
          – Recognised by the FSCA for financial advisors and compliance officers.

                  Website                  Email                    Telephone
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                                                                                                                                          Chartered Secretaries Southern Africa
i n e
e-z                                                                                                                  Chartered Secretaries Southern Africa Issue 1 | 2019

                              Students in
     05                       the spotlight                                                 (continued)

                                                         I don’t think that you can effectively advise corporates without
                                                                  a good understanding of the principles of good
                                                                              corporate governance.
                       Lauren Kelso
         Partner, Eversheds Durban,
         Corporate and Commercial
                         department

    Pathway to studying CSSA                                                       Career and work
    I achieved an LLB at University of Natal. I then went on to complete a         I spent two years at the Constitutional Court clerking first, for the late
    Master of Law (LLM) Business Law at University of KwaZulu Natal.               Justice Skweyiya, and then for Acting Justice van Heerden.

    CSSA Qualification                                                             My current role includes a range of corporate and commercial legal
    With the increased focus on good corporate citizenship, and especially         work, including M&A transactions, merger filings, compliance advising,
    the rise in awareness of the requirements of King IV, I don’t think that you   commercial agreements and opinions. The nature of the work I do varies
    can effectively advise corporates without a good understanding of the          so much from day to day that I am seldom bored. Keeping up to date
    principles of good corporate governance, as well as other compliance           with the latest developments in legislation and case law and ensuring
    requirements with which corporates are faced. I saw the course as an           that clients are always getting the best advice are some of the challenges
    opportunity to continue to develop my knowledge and skills, and get an         I am faced with.
    internationally recognised qualification at the same time. It is enabling
                                                                                   Leisure time
    me to expand my knowledge beyond the usual commercial law focus,
                                                                                   I enjoy yoga and reading.
    and to provide a more well-rounded perspective when advising
    corporate clients.

                  Website                    Email                     Telephone
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                                                                                                                                                Chartered Secretaries Southern Africa
i n e
e-z                                                                                       Chartered Secretaries Southern Africa Issue 1 | 2019

     “      CARPE DIEM, SEIZE THE DAY.
                                                         “                 MAKE YOUR LIFE
                                                                    EXTRAORDINARY

      Our new curriculum is created for individuals who look for opportunities in life and want to
      make the most of them. After all, becoming a Chartered Secretary or Chartered Governance
      Professional is a noble pursuit, necessary to sustain our future. With more qualified CSSA
      corporate governance graduates comes better governance in your chosen workplace. One
      curriculum. Many opportunities to become extraordinary. Go on. Leave your legacy.

      Enrol now and move forward with the backing of a global institution.

      Tel: +27 11 551 4000 | Email: students@chartsec.co.za | www.chartsec.co.za

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                                                                                                                     Chartered Secretaries Southern Africa
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