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Companies Act, 2008 (Act No. 71 of 2008)

Companies Regulations, 2011

Chapter 3 : Enhanced Accountability and Transparency

42. Qualifications for members of audit committees

 

 

See section 94(5)

 

For the purposes contemplated in section 94 (5), at least one-third of the members of a company's audit committee at any particular time must have academic qualifications, or experience, in economics, law, corporate governance, finance, accounting, commerce, industry, public affairs or human resource management.