Corporate Governance Archives - Leaf Quality Systems (Pty) Ltd

Companies Amendment Act Changes Now Effective: Key Remuneration and Governance Implications
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Companies Amendment Act Changes Now Effective: Key Remuneration and Governance Implications

LEAF Quality Systems (Pty) Ltd2026-07-01T19:10:18+02:00

Companies Amendment Act Changes Now Effective: Key Remuneration and Governance Implications On 22 May 2026, sections 5, 6 and 19 of the Companies Amendment Act 16 of 2024 came into operation following the publication of a Presidential Proclamation in Government Gazette 54722. These provisions introduce significant amendments to the Companies Act 71 of 2008, particularly in relation to remuneration disclosures, shareholder oversight of remuneration practices, and alternative dispute resolution mechanisms. Importantly, the amendments became effective immediately, without any formal transitional period. The commencement of these provisions has created a number of practical challenges for [...]

Companies Amendment Act Changes Now Effective: Key Remuneration and Governance ImplicationsLEAF Quality Systems (Pty) Ltd2026-07-01T19:10:18+02:00

The Curious Case of the Missing Going-concern Assessment
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The Curious Case of the Missing Going-concern Assessment

LEAF Quality Systems (Pty) Ltd2026-07-01T18:50:36+02:00

What’s News? I will limit this discussion to the audit of companies, but the principles make governance sense for any entity. In general, management’s assessment of the health of their business is only an afterthought to satisfy the auditors, without them realising the disastrous consequences on the business and themselves as individuals, if they don’t do so. Somehow, the understanding of the effect of going-concern assessments by auditors is not much different, as the required procedures, in terms of the auditing standards, are followed in a boilerplate fashion, without considering or understanding the effect on stakeholders and management. [...]

The Curious Case of the Missing Going-concern AssessmentLEAF Quality Systems (Pty) Ltd2026-07-01T18:50:36+02:00

Targeted Ethics Code Update on Firm Culture and Governance
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Targeted Ethics Code Update on Firm Culture and Governance

LEAF Quality Systems (Pty) Ltd2026-07-01T18:50:53+02:00

LATEST UPDATE Targeted Ethics Code Update on Firm Culture and Governance Single, high-level, overarching requirement anchors firm culture and governance in the Code globally, allowing for development of practical guidance outside the Code to support implementation. Targeted approach aims to minimise compliance burden and costs by avoiding prescriptive provisions. Exposure draft planned for December 2026, with final approval targeted by end 2027. Firm culture and governance will be addressed through a targeted update to the International Code of Ethics for Professional Accountants (including International Independence Standards) (the Code), available on: https://www.ethicsboard.org/iesba-code This follows a decision [...]

Targeted Ethics Code Update on Firm Culture and GovernanceLEAF Quality Systems (Pty) Ltd2026-07-01T18:50:53+02:00

Effective date of sections 30m 30A and 30B of the Companies Act
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Effective date of sections 30m 30A and 30B of the Companies Act

Leaf Quality Systems2026-06-25T14:57:05+02:00

LATEST UPDATE Effective date of sections 30m 30A and 30B of the Companies Act Sections 5, 6 and 19 of the Companies Amendment Act 16 of 2024 are now effective from 22 May 2026. Key changes include: Section 30, which requires AFS disclosure of remuneration and benefits received by each individually named director and prescribed officer Section 30A, which requires all public companies and state-owned companies to prepare and present a Remuneration Policy for approval at the AGM Section 30B, which requires public companies and state-owned companies to prepare a remuneration report for the preceding [...]

Effective date of sections 30m 30A and 30B of the Companies ActLeaf Quality Systems2026-06-25T14:57:05+02:00

King V (2025)
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King V (2025)

Leaf Quality Systems2025-11-28T14:22:18+02:00

LATEST UPDATE King V (2025) King V, the updated corporate governance code, was released on 31 October 2025 by the IoDSA and King Committee. Effective from 1 January 2026, it replaces King IV and introduces simplified language, refined principles, and a new Disclosure Framework to align with global standards and support ethical leadership. The King V code may be accessed on: https://cdn.ymaws.com/www.iodsa.co.za/resource/collection/927F0970-C1E9-4F30-803C-D74BF386A2B6/King_V_Code.pdf more LEAFQuest Advance Your Knowledge in Auditing Enroll in Our Latest Courses! Quests List LEAFQuest Advance Your Knowledge in [...]

King V (2025)Leaf Quality Systems2025-11-28T14:22:18+02:00

External Auditor Assessment Tool: A Tool for Audit Committees
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External Auditor Assessment Tool: A Tool for Audit Committees

Leaf Quality Systems2025-11-26T12:27:04+02:00

LATEST UPDATE External Auditor Assessment Tool: A Tool for Audit Committees The Centre for Audit Quality (CAQ) issued a targeted assessment tool that audit committees can use to evaluate whether to retain the external auditor. The questionnaire focuses on four key areas: service quality and resources, communication effectiveness, and the auditor’s independence and objectivity. Constructive, two-way dialogue with the auditor strengthens audit quality and committee oversight. The evaluation should cover the auditor’s qualifications, firm-wide quality practices, transparency, and professional scepticism. The tool is available on: https://www.thecaq.org/external-auditor-assessment-tool-a-tool-for-audit-committees/ more LEAFQuest Advance [...]

External Auditor Assessment Tool: A Tool for Audit CommitteesLeaf Quality Systems2025-11-26T12:27:04+02:00