A group of companies is often managed as a single economic enterprise. There may be a common brand, a Group Chief Executive Officer, shared policies, centralised finance and human resource functions, and an overall strategy determined at group level.
There is a growing tendency among companies, family-owned businesses, start-ups, non-profit organisations, churches and other entities to treat established corporate governance principles as rules designed primarily for large corporations. The reasoning often sounds sensible: “We are still a small company.” “The founder is also the Chief Executive Officer and understands the business better than anyone...
We have all attended virtual meetings and observed participants relying on Artificial Intelligence (“AI”) tools to read prepared notes or generate real-time meeting summaries and note-taking assistance.
Professionals such as doctors, lawyers, accountants, financial advisors, engineers, and architects are held to high standards of care and competence in the delivery of their services. When a professional fails to meet these standards and a client suffers harm as a result, the client may pursue a malpractice claim.
In a notable move, the government has introduced a Statutory Instrument (S.I.) Number 25 of 2024, which effectively raises the value of a fee and penalty unit to forty ngwee. This new regulation came into force on 19 April 2024, marking a significant adjustment from the previous value of thirty ngwee.
AGMs are vital for companies, providing a platform for shareholders, directors, and management to discuss performance and future strategies.
Annual General Meetings (AGMS) are crucial events for organizations, offering opportunities to engage stakeholders, review company performance, and plan for the future.
Pre-incorporation contracts refer to contracts made before a company is incorporated. They are contracts made by a pre-existing company’s company promoters.
Secretarial and legal compliance are vital for corporate governance, ensuring efficient board administration and adherence to legal requirements for all types of entities.
We are delighted to welcome you to the Bellmac Boot Club. We recognize the importance of strengthening Zambia’s SME sector.
