Non-profit directors must be squeaky clean
If directors of non-profit companies are dishonest, South African courts will not hesitate to declare them delinquent.
If directors of non-profit companies are dishonest, South African courts will not hesitate to declare them delinquent.
Whilst the specter of appraisal arbitrage may be disheartening to some in the market, it is a neutral transaction for the company.
Professor Marius Pretorius from Pretoria University explains how the business rescue process would work.