Overview

The 2024 Legislation and Governance Update webinar provides an essential review of key legislative changes impacting corporate governance, auditing, financial services, employment laws, and anti-corruption regulations in South Africa. Designed for accountants, auditors, and governance professionals, this session will delve into the latest amendments in laws governing corporate structures, anti-money laundering (AML) compliance, labor regulations, and climate-related legislation, ensuring participants stay ahead of compliance and governance requirements.

Learning Objectives

By attending this webinar, participants will gain:

• A comprehensive understanding of the 2024 updates to corporate laws, including key amendments to the Companies Act.
• Insights into AML/CFT regulations, greylisting concerns, and increased responsibilities for accountants and auditors.
• Practical knowledge of employment law changes and the implications for payroll and contract compliance.
• An understanding of climate-related laws and how financial professionals must navigate compliance and reporting.
• An awareness of the POPIA and cybersecurity updates, with a focus on protecting personal data and ensuring transparency.

Content

 The webinar will cover the following topics:

• Corporate Laws:

  • Overview of amendments to the Companies Act, 2008.
  • New statutory obligations for remuneration reporting and director delinquency claims.
  • Enhanced auditor responsibilities and transparency requirements.

• AML and Anti-Corruption Laws:

  • Key updates to South Africa’s AML regime, including customer due diligence and FATF compliance.
  • Legal precedents affecting auditor liabilities and responsibilities.

• Employment and Labour Laws:

  • 2024 changes to employment regulations, including the National Minimum Wage and the Employment Equity Act.
  • Case law review on labor compliance and auditor obligations.

• POPIA, PAIA, and Cybersecurity:

  • Key amendments to data protection laws, with a focus on compliance and cybersecurity risks.
  • Case studies on data breaches and regulatory enforcement actions.

• Climate-related Legislation:

  • The Climate Change Act and Carbon Tax Act updates for 2024.
  • How auditors and accountants must navigate environmental impact assessments and compliance reporting.