Question: [30] QUESTION TWO 2.1. 2.2. Discuss the determining factors for Directors and Prescribed officers, in terms (10) of The Companies Act, 2008. By accepting

[30] QUESTION TWO 2.1. 2.2. Discuss the determining factors for Directors and Prescribed officers, in terms (10) of The Companies Act, 2008. "By accepting their appointment to the position, directors and prescribed officers agree that they will perform their duties to a certain standard, and it is a reasonable assumption of the shareholders that every individual director and prescribed officer will apply their particular skills, experience and intelligence to the advantage of the company." Discuss the standard as contained in The Companies Act. (20) QUESTION THREE [15] 3.1. Explain the implications the promulgation of The Come

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