Chartered Secretaries Southern Africa
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19 e1 | 20 u Iss 01 02 03 04 05 CEO’s Events From the Meet our Students in message Technical members the spotlight Adviser’s desk Published by Chartered Secretaries Southern Africa
i n e e-z Chartered Secretaries Southern Africa Issue 1 | 2019 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 Website Email Telephone 2 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 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. YEARS Chartered Secretaries Southern Africa Website Email Telephone 3 www.chartsec.co.za info@chartsec.co.za +27 11 551 4000 Join us on YEARS Chartered Secretaries Southern Africa
ine Advert Sizes e-z Size Dimensions 1 Advert 2 to 3 Adverts 4 Adverts Size Dimensions 1 Advert 2 to 3 Adverts 4 Adverts Chartered Secretaries Southern Africa Issue 1 | 2019 Double Page Spread 420 mm (w) × 297 mm (h) R11 900 R11 300 R10 700 Double Page Spread Full Page boardroom advertising rates – 2019 420 mm (w) × 297 mm (h) 210 mm (w) × 297 mm (h) R11 900 R7 700 R11 300 R7 300 R10 700 R6 900 Full Page Half Page boardroom advertising rates – 2019 210 mm (w) × 297 mm (h) 180 mm (w) × 127.5 mm (h) R7 700 R4 000 R7 300 R3 800 R6 900 R3 600 Half Page 180 mm (w) × 127.5 mm (h) R4 000 R3 800 R3 600 Quarter Page 180 mm (w) × 64 mm (h) R2 700 R2 500 R2 300 Advert Sizes Quarter Page R2 700 R2 500 R2 300 180 mm (w) × 64 mm (h) All rates include VAT and exclude production charges. Advert Sizes Size Dimensions 1 Advert 2 to 3 Adverts 4 Adverts All rates include VAT and exclude production charges. CSSA reserves the right to withhold any advertisement from publication and to cancel any advertisement order that has been accepted. CSSA reserves the right to edit, revise Size or to reject — even after Dimensions acceptance for publication — any advertisement deemed 1 Advert to be untruthful or4 objectionable 2 to 3 Adverts Adverts CSSA reserves the right to withhold any advertisement from publication and to cancel any advertisement order that has been accepted. CSSA Doublematter in subject Page Spread or wording, discriminatory, 420 mmoffensive, mm (h) for any otherR11 or unsuitable (w) × 297 900 whether space for reason, R11the300 R10 700 advertisement has been booked in reserves the right to edit, revise or to reject — even after acceptance for publication — any advertisement deemed to be untruthful or objectionable advance or not. in subject matter or wording, Double Pagediscriminatory, Spread offensive, or unsuitable 420 mm for any (w) × 297 mm (h) other reason, R11whether 900 space for the advertisement R11 300 has beenR10booked 700 in advance Full or not. Page 210 mm (w) × 297 mm (h) R7 700 R7 300 R6 900 Deadlines Full Page 210 mm (w) × 297 mm (h) R7 700 R7 300 R6 900 Deadlines Half Page Deadlines 180 mm (w) × 127.5 mm (h) Quarter 1 R4 000 Quarter 2 R3 800 Quarter 3 R3 600 Quarter 4 Half Page 180 mm (w) × 127.5 mm (h) R4 000 R3 800 R3 600 Deadlines Quarter 1 Quarter 2 Quarter 3 Quarter 4 Quarter Pagedeadline Publication 18026 mmMarch (w) ×2019 64 mm (h) R2 700 13 June 2019 R22019 20 August 500 R2 300 13 November 2019 Quarter Page 180 mm (w) × 64 mm (h) R2 700 R2 500 R2 300 Publication deadline 26 March 2019 13 June 2019 20 August 2019 13 November 2019 Booking deadline 5 March 2019 23 May 2019 30 July 2019 23 October 2019 All rates include VAT and exclude production charges. All rates include VAT and exclude production charges. Booking deadline 5 March 2019 23 May 2019 30 July 2019 23 October 2019 CSSA reserves CSSAthe right to withhold reserves the right any advertisement to withhold from publication any advertisement and to cancel from publication any advertisement and to cancel orderorder any advertisement thatthat hashas been beenaccepted. accepted.CSSA CSSA reserves the right Annual subscription for magazine R260 (incl VAT) for 2019 to edit,therevise reserves oredit, right to to reject revise— or even after to reject — acceptance for publication even after acceptance — any — for publication advertisement deemed any advertisement deemedto be to untruthful ororobjectionable be untruthful objectionable Annual subscription for magazine R260 (incl VAT) for 2019 in subject matterin subject or wording, matterdiscriminatory, offensive, or or wording, discriminatory, unsuitable offensive, for any other or unsuitable reason, for any whether other reason, spacespace whether for the for advertisement the advertisementhas been has beenbooked booked in in advance or not.advance or not. Deadlines Deadlines Deadlines Quarter 1 Quarter 2 Quarter 3 Quarter 4 Deadlines Quarter 1 Quarter 2 Quarter 3 Quarter 4 Publication deadline 26 March 2019 13 June 2019 20 August 2019 13 November 2019 Publication deadline 26 March 2019 13 June 2019 20 August 2019 13 November 2019 Booking deadline 5 March 2019 23 May 2019 30 July 2019 23 October 2019 Booking deadline 5 March 2019 23 May 2019 30 July 2019 23 October 2019 Annual subscription for magazine R260 (incl VAT) for 2019 Annual subscription for magazine R260 (incl VAT) for 2019 Circulation of 4 000 Circulation of 4 000 For more information email marketing@chartsec.co.za or call +27 11 551 4016 For more information email marketing@chartsec.co.za or call +27 11 551 4016 Website Email Telephone 4 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 Chartered Secretaries Placements Let our specialist recruitment team For employers With over 42 years’ experience in assist in placing the industry, whether you’re looking for a company secretaries, company secretary, governance professional or accountant for your business, our team is able to governance appropriately match the right candidate for the role. professionals and accountants. For candidates If you’re a prospective candidate looking to further your career, we have the clients to help you find an opportunity at a company that’s right for you. Contact Chartered Secretaries Placements Tel: 011 326 0975 Email: placements@chartsec.co.za details www.chartsec.co.za See the Placements page Website Email Telephone 5 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 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. Website Email Telephone 6 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 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 Website Email Telephone 7 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 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 Website Email Telephone 8 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 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 Website Email Telephone 9 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 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. Website Email Telephone 10 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 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 Website Email Telephone 11 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 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 Website Email Telephone 12 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 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. Website Email Telephone 13 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 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 14 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 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 15 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 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 16 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 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 17 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 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 19 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 (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 20 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 (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 21 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 “ 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 Website Email Telephone 22 www.chartsec.co.za info@chartsec.co.za +27 11 551 4000 Join us on YEARS Chartered Secretaries Southern Africa
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