Tsiku Consulting Board of Directors believes that the foundation of good governance is good decision-making. This applies across all areas related to the Group’s social, economic and environmental interests, as well as areas that affect the interests of our stakeholders.
The Companies Act of 2008 (as amended by the Companies Amendment Act, Act 3 of 2011) came into effect on 1 May 2011.
In striving to ensure compliance to applicable laws and regulations, the Group is committed to the implementation of, and adherence to, the relevant legislative requirements outlined in the Act.
The Act codifies the fiduciary duties and standards for directors’ conduct, stipulating the liability of directors where the standard has not been met. The Board is therefore obliged to act in good faith, in the best interests of the Group and with the required level of skill and diligence.