XTND (Pty) Ltd was instructed by a regulatory body to perform an inspection of the affairs of a company.
The company was required to have a Board of Trustees (“the Board”/“BoT”) consisting of persons who are fit and proper to manage the business in accordance with the applicable laws and the rules of such a company.
Accordingly, it is the primary responsibility of the Board to ensure that proper control systems are implemented and that the operations and administration of the company comply with the requirements provided for in applicable laws.