ABASA mission

ABASA purpose and main object

 

Note that the purpose and main object below were crafted before the release of Chapter 6 of the Companies Bill, 2007.  To make it compatible, please read "supervision" for "business administration" below.

 

The business of the Association is to regulate and promote the common interests of its members carrying on the professional practice and application of business administration within the scope of the Business Administration Act (hereinafter referred to as “the professionals”).

The main object of the Association shall be:

• To regulate all the activities of its members.
• To put in place such regulatory processes and procedures necessary and which may become necessary to ensure that all its members carry out their duties in a professional and ethical manner and with a view to achieving the objects of the Association.
• To facilitate and promote the practice of business administration.
• To enhance and uplift all its members from previously disadvantaged groups, particularly such individuals specifically defined as designated groups in the Employment Equity Act, Act 55 of 1998.
• To provide such training and courses necessary to facilitate skills transfer amongst all its members, particularly in the practice of business administration.
• To ensure equal representation of members of the Association in respect of gender and race.
• To work together with and in furtherance of such objectives and aims of all the Masters of the High Court, State Attorneys and professional bodies in respect of such Legislation and proposed Legislation relating to business administration.
• To maintain and enhance the prestige, status and dignity of the professionals.
• To encourage and promote efficiency and responsibility of the professionals in relation to the practice of business administration.
• To uphold the integrity of the professionals.
• To uphold and improve the standards of professional conduct and qualifications of professionals.
• To provide for the effective control of the conduct of the professionals.
• To promote uniform practice and discipline among the professionals.
• To encourage the study of law relating to business administration and any other similar Statutes and laws concerning the administration, the assets, liabilities and financial affairs of any individual, Close Corporation, Company or any other legal entity.
• To advance the theory and practice of business administration in all it aspects.
• To represent generally the views of the professionals insofar as same may relate to business administration.
• To co-operate with the Minister of Justice and all Masters of the High Court with the view to enacting such necessary Legislation to promote, extend and consolidate the objects, powers and scope of the Association.

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The turnaround industry in South Africa

ABASA

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