The role of directors in business rescue proceedings: To not get in their own way
What is the role of the board of directors during the business rescue process and what happens when directors want to be in control? Cliffe Dekker Hofmeyer explains, as a point of departure, there is enough certainty in Chapter 6 of the Companies Act 71 of 2008 (Companies Act) to conclude that directors must give way to the BRPs.