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What form of business is best?One of the most important things you need to do is to decide what form of business your SME will be? There are many forms of businesss: from sole proprietorships, to partnerships, to CCs, to PTY LTDs. The most likely form for your small business will either be sole proprietorship or a close corporation. |
Governance framework
The Bank is governed by a Board of seven directors, appointed in terms of the DBN Act. This Board determines and controls the business strategy, and directs the operations of the Bank. The Board is composed of highly skilled individuals and business leaders from the private sector, including representatives of the financial sector.
The cornerstone of DBN's governance framework is its Board Rules. The principles put forward in the Rules are put into practice by Management and by the various Sub-Committees of the Board, namely the Audit, Risk and Compliance, the Credit and Investment, Human Capital and Remuneration, as well as the Special Development Fund Committees.
The Audit, Risk and Compliance Committee's Corporate Governance Report in the Annual Report provides insight into DBN's governance structures.
