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XYZ Innovations ( Pty ) Ltd . is a tech startup founded by John and Sarah, who are childhood friends. The company specializes in developing

XYZ Innovations (Pty) Ltd. is a tech startup founded by John and Sarah, who are childhood friends. The company specializes in developing cutting-edge software solutions for various industries. Over the years, the company has grown rapidly and attracted investors due to its innovative products. However, recently, XYZ Innovations (Pty) Ltd. has been facing financial difficulties, and there have been disagreements between the founders regarding the company's future.
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Assess how the Companies Act 71 of 2008 shaped the landscape of corporate governance and business practices in South Africa since its enactment, and what the driving forces behind its implementation were.

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