Keeping proper company records is a legal requirement under the Companies Act 71 of 2008. These records track important details about directors, shareholders, financial statements, and key decisions. Good record-keeping helps businesses stay compliant, manage finances, and avoid legal or tax problems. Poor records can lead to fines, penalties, and even the deregistration of a company. Keeping documents organised protects the business and ensures smooth operations.

As a director, your decisions shape the success of your company and protect its reputation. Knowing your legal duties under the Companies Act and following good governance practices like those in the King IV Code are essential for compliance and building trust with stakeholders. This article breaks down what you need to know about acting in the best interests of your company, avoiding conflicts, and ensuring responsible leadership.