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SAAC
SAAC - The Southern African Advisory Company
27 episodes
1 week ago
Sound reasoning dedicated to management consulting on topics within the global advisory profession.
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Management
Business
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Sound reasoning dedicated to management consulting on topics within the global advisory profession.
Show more...
Management
Business
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Contesting the validity of proxy votes
SAAC
3 minutes 57 seconds
7 years ago
Contesting the validity of proxy votes

Barry v Clearwater Estates NPC & Others 2017 (3) SA 364 (SCA) - The SCA held that s58(1) cannot be altered and, accordingly, that the appointment of a proxy may take place at any time, as per the language of the section. In doing so, the SCA acknowledged that this interpretation may impose a significant practical administrative burden on organisations, in particular those with large numbers of shareholders or members, as with no cut-off for proxy appointments, appointments (and the resulting necessary validations prior to quorum and voting) may be made shortly before or at meetings.

SAAC
Sound reasoning dedicated to management consulting on topics within the global advisory profession.