Mhlwana and Another v Denel SOC Ltd (40858/19)
Mhlwana and Another v Denel SOC Ltd (40858/19) [2021] ZAGPPHC 199 (19 March 2021)
The High Court held that Denel’s board resolutions on conversion payments to executive directors were unlawful without shareholder approval, dismissed the claim, and granted Denel’s counter-application.
- Directors Remuneration
- Companies Act Section 66
- State Owned Enterprise Guidelines
- Ultra Vires Board Resolutions
- Employment Contract Conversion
- Directors-remuneration