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What is the role of the shareholders vis-a-vis other security holders within the context of shareholder corporate governance with, respect to South African companies act 2008?

Post-Apartheid South Africa is an altogether different place politically, socially and economically. Due to the rapid changes since 1994, several laws have been amended or repealed to reflect the newly found democracy. One such law is the Companies Act. This paper examines the proposed Companies Act...

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Main Author: Maleya, Mary Reba Chabeda
Other Authors: Mongalo, Tshepo
Format: Thesis
Language:English
English
Published: Centre for Law and Society 2026
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access_status_str Open Access
author Maleya, Mary Reba Chabeda
author2 Mongalo, Tshepo
author_browse Maleya, Mary Reba Chabeda
Mongalo, Tshepo
author_facet Mongalo, Tshepo
Maleya, Mary Reba Chabeda
author_sort Maleya, Mary Reba Chabeda
collection Thesis
description Post-Apartheid South Africa is an altogether different place politically, socially and economically. Due to the rapid changes since 1994, several laws have been amended or repealed to reflect the newly found democracy. One such law is the Companies Act. This paper examines the proposed Companies Act 71 of2008 together with its 1973 counterpart with special emphasis on the definition and role of the shareholder for corporate governance purposes. In this paper, I seek answers to the following questions: Has the definition of the term shareholder for purposes of corporate governance changed in the proposed Act? Can one confer upon other security holders rights previously exclusively reserved for the traditional shareholder? What the real implications are if any, of such conferment? Whether effectively the position of the traditional shareholder has been usurped or weakened or remains the same? Whether there is a shift in the corporate governance ideology within the new proposed legislation in the South African context and who the real beneficiaries are? In seeking answers to the above questions, this paper consequently examines the various definitions of a shareholder including those under the current and . proposed Companies Acts and further carries out a comparative analysis between South Africa and a three other jurisdictions. It also examines the definitions and rights accruing to the other security holders not traditionally deemed as shareholders. It then examines whether there has been conferment of governance rights previously exclusive to traditional shareholders upon these other security holders and the effects of such conferment if any. Lastly, the paper examines whether there is a paradigm shift in corporate governance ideology within the jurisdiction and whether or no_t it is ideal for the South African context.
format Thesis
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institution University of Cape Town (South Africa)
language English
eng
last_indexed 2026-06-10T12:47:52.030Z
license_str Not specified — see source repository
provenance_str_mv Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository
publishDate 2026
publishDateRange 2026
publishDateSort 2026
publisher Centre for Law and Society
publisherStr Centre for Law and Society
record_format dspace
source_str UCTD — University of Cape Town Open Access Repository
spelling oai:open.uct.ac.za:11427/43016 What is the role of the shareholders vis-a-vis other security holders within the context of shareholder corporate governance with, respect to South African companies act 2008? Maleya, Mary Reba Chabeda Mongalo, Tshepo shareholders corporate governance South Africa Post-Apartheid South Africa is an altogether different place politically, socially and economically. Due to the rapid changes since 1994, several laws have been amended or repealed to reflect the newly found democracy. One such law is the Companies Act. This paper examines the proposed Companies Act 71 of2008 together with its 1973 counterpart with special emphasis on the definition and role of the shareholder for corporate governance purposes. In this paper, I seek answers to the following questions: Has the definition of the term shareholder for purposes of corporate governance changed in the proposed Act? Can one confer upon other security holders rights previously exclusively reserved for the traditional shareholder? What the real implications are if any, of such conferment? Whether effectively the position of the traditional shareholder has been usurped or weakened or remains the same? Whether there is a shift in the corporate governance ideology within the new proposed legislation in the South African context and who the real beneficiaries are? In seeking answers to the above questions, this paper consequently examines the various definitions of a shareholder including those under the current and . proposed Companies Acts and further carries out a comparative analysis between South Africa and a three other jurisdictions. It also examines the definitions and rights accruing to the other security holders not traditionally deemed as shareholders. It then examines whether there has been conferment of governance rights previously exclusive to traditional shareholders upon these other security holders and the effects of such conferment if any. Lastly, the paper examines whether there is a paradigm shift in corporate governance ideology within the jurisdiction and whether or no_t it is ideal for the South African context. 2026-03-19T10:49:37Z 2026-03-19T10:49:37Z 2010 2026-03-19T07:23:53Z Thesis / Dissertation Masters LLM http://hdl.handle.net/11427/43016 en eng application/pdf Centre for Law and Society Faculty of Law University of Cape Town
spellingShingle shareholders
corporate governance
South Africa
Maleya, Mary Reba Chabeda
What is the role of the shareholders vis-a-vis other security holders within the context of shareholder corporate governance with, respect to South African companies act 2008?
thesis_degree_str Master's
title What is the role of the shareholders vis-a-vis other security holders within the context of shareholder corporate governance with, respect to South African companies act 2008?
title_full What is the role of the shareholders vis-a-vis other security holders within the context of shareholder corporate governance with, respect to South African companies act 2008?
title_fullStr What is the role of the shareholders vis-a-vis other security holders within the context of shareholder corporate governance with, respect to South African companies act 2008?
title_full_unstemmed What is the role of the shareholders vis-a-vis other security holders within the context of shareholder corporate governance with, respect to South African companies act 2008?
title_short What is the role of the shareholders vis-a-vis other security holders within the context of shareholder corporate governance with, respect to South African companies act 2008?
title_sort what is the role of the shareholders vis a vis other security holders within the context of shareholder corporate governance with respect to south african companies act 2008
topic shareholders
corporate governance
South Africa
url http://hdl.handle.net/11427/43016
work_keys_str_mv AT maleyamaryrebachabeda whatistheroleoftheshareholdersvisavisothersecurityholderswithinthecontextofshareholdercorporategovernancewithrespecttosouthafricancompaniesact2008