n Without Prejudice - Big business beware - class and derivative actions are coming : company law
|Article Title||Big business beware - class and derivative actions are coming : company law|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Apr 2009|
|Pages||4 - 6|
The trend over the past decade in the USA (and more recently in the UK after the enactment of its new Companies Act in 2006) towards more aggressive shareholder activism seems likely to be followed in South Africa once the new Companies Act becomes operative. This new Act is only awaiting its formal promulgation, though it will only come into operation at least one year after being signed by the President.
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