In this section
Social and Ethics Committee
The Social and Ethics Committee is constituted as a statutory committee for purposes as contained in Section 72 of the Companies Act. The Committee is governed by a terms of reference/charter and monitors Group performance in terms of defined social and ethics performance indicators that were formulated with reference to Regulation 43(5) of the Companies Act. This is further supported by a detailed work plan that guides the Committee on its mandate and responsibilities.
The Committee comprised of four independent Non-executive Directors. The Chairperson of the Committee submits a report to the Board on its initiatives and mandate.
Three meetings were held in the year under review.
In response to the requirements of the Companies Act, the performance in the following areas was reviewed:
Group policies (ethics, whistle-blowing, anti-corruption and procurement)
Review of disclosure of information to clients