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Hello IN#39’m Marion Gaylord IN#39’m an approved sponsor executive both for debt and equity and IN#39’m a practicing corporate advisor and sponsor I also run training on the JC listings requirements my first involvement with the USE was in 2001when I started my career as a corporate finance executive and sponsor the training involvement started about two and a half three years ago when the JC asked me to train in-house I trained investor Relations personnel being director or company secretary or principal officer of a listed company is very onerous and there are stringent liabilities attaching to two director sand officers of listed companies as regards compliance with the listings requirements as such it#39’s really important that those that are charged with running a business that is listed on the USE are fully aware of all that that entails my impressions of the South African market are that their#39’s a great deal of variance between companies and the degree to which they know and understand the USE regulations most companies in my experience done#39’t have the degree of knowledge that they should to ensure that they adequately protect themselves from liability and cover themselves from breach of listings requirements and rely too heavily on their sponsors as opposed to being equipped with the knowledge in-house the course on the amendments to the listings requirements is fairly detailed but doesn't#39’t go into every line item of the JC listings requirements so it#39’s practical course aimed at ensuring that executives understand and the impact of the amendments as opposed to the exact wording of the amendments so the reason to do the amendments course is that the changes tithe listings requirements made in late2014 are far-reaching and significant and without a full knowledge and understanding of these amendments you may find yourself on a back foot not understanding the requirements of listed company and your requirements as a director or company secretary the course is really aimed at anybody who is involved in any way in a listed company environment, so you may be a director Ora company secretary you may be in management but you#39’re involved in advising the board on the listings requirements you may be a legal advisor or even sponsors who are required to attend amendments training the coursedoesn'’t only cover the amendments but also gives the reasons behind the changes and the implications on listed companies
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