Annual Report - JD Group

Responsible for the statutory corporate
secretarial functions of the Group.
Review
The year under review was dominated by the absorption of the
statutory entities of Profurn, the onerous compliance
responsibilities imposed on the department by the enactment of
the Financial Intelligence Centre Act and Financial Advisory and
Intermediary Services Act, as well as management of the transition
process to the new administrators of The JD Group Employee
Share Incentive Scheme.
The number of South African companies administered by the
secretarial department was unchanged at 43. Those companies
incorporated in the BLNS and Mozambique countries are separately
administered by company secretaries in those countries.
Following the reintroduction of the requirement to lodge annual
returns for every South African registered company with the
Registrar of Companies, some 25 dormant subsidiaries have been
earmarked for deregistration in due course and key trade names
will be registered as defensive company names to enhance
administrative efficiencies.
50
Outlook
Secretarial
Melvyn Jaye (59)
CA(SA)
Company secretary – 41*
Executive management
Theva Naidoo (41)
BA BCom (Hons)
Special projects – 19*
* years experience in
auditing/company secretarial
practice/financial services
To continually enhance and streamline the duties performed by
the secretarial department with a view to achieving excellence in
all facets of statutory company administration and to ensure
compliance with the JSE Securities Exchange South Africa Listing
Requirements, with particular reference to the recently introduced
Social Responsibility Index, the King II Report on Corporate
Governance and other legislation.