Zondo report must spark crackdown on delinquent directors, say experts

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Directors who resign may be able to escape liability for their misconduct if the application for delinquency is not issued within 24 months. (Getty)
Directors who resign may be able to escape liability for their misconduct if the application for delinquency is not issued within 24 months. (Getty)

The Zondo Commission's findings have highlighted a critical gap in holding directors accountable and moving swiftly to remove transgressors – and experts are calling for change that will enable a crackdown on poor governance.

This is after the first part of the commission's report was released last week. It found, among other things, that the appointment of board members to state-owned enterprises had proven problematic and did not represent the "robust and transparent" process recommended by King IV code which sets out the benefits of good corporate governance.

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