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The Role of the Company in Contemporary South Africa & Directors Duties: The Accelerated Shift

Abstract

In this paper I will consider a company’s role in contemporary South African society and whether or not it is necessary to broaden the traditional concept that directors only owe a duty to the company. So much has happened in the world over the past two years that seems to have pushed how many companies operate into a new era. Working from home and hybrid models have been embraced, initially as a necessity to navigate the Covid-19 pandemic and keep people safe and businesses alive, but now, have become more of a way of life and a new normal.

Author

Portrait image of Daniella Pellegrini van Rooyen
Daniella Pellegrini van Rooyen
Tax & Legal, Quiver Tree Capital (Pty), South Africa

Daniella Pellegrini van Rooyen is an admitted attorney of the High Court of South Africa. She is currently a non-practicing attorney and works as in-house legal counsel primarily drafting commercial agreements, M&A documents and managing corporate structuring implementations. Daniella completed her LLB (with Distinction) from the University of the Witwatersrand in 2016 and completed her articles of clerkship at ENSafrica, Africa's largest law firm. At law school, Daniella finished top of her class for Estopple & Unjustified Enrichment Law, in the top 2% of her Taxation Law class, was on the Deans List 2014-2016 and is a member of the Golden Key International Honour Society. Prior to qualifying as a legal practitioner Daniella worked in the media industry and is still an active voice over artist. She studied a BA Sports Communications degree at Rand Afrikaans University and spent 6 years in London working in business which sparked her passion for Contract Law. Daniella has a keen interest in Contract Law, IP, Corporate Law, Sports Law and Entertainment Law. Daniella is an accomplished sports woman. Her gymnastics and tumbling career spanned 16 years where she was awarded South African national colours 8 times and took a number of medals at international sporting events, including winning the gold medal at the 2001 Women's 17&Over Tumbling World Championships.

Company

Quiver Tree Capital (Pty) logo

Quiver Tree Capital (Pty)

Quiver Tree Capital specialises in corporate structuring and advisory services with a specific focus on the design and implementation of Broad-Based Black Economic Empowerment (“B-BBEE”) solutions for its clients. The Directors at Quiver Tree have in excess of 50 years of combined international investment banking experience including deal origination, sales, structuring and implementation. Quiver Tree works with its clients in designing and implementing empowerment related solutions addressing the Ownership, Enterprise Development and Supplier Development elements of the B-BBEE Scorecard, bringing a refreshingly insightful and commercial approach to the complex B-BBEE legislation. Quiver Tree's core belief is that Society cannot prosper unless its businesses prosper.

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