SOCIAL AND ETHICS COMMITTEE
The committee was constituted in April 2012 to assist the board with the oversight of sustainability, transformation, ethical issues and other compliance related matters. It meets twice a year. A formal committee charter and terms of reference have been approved, which include the ten Principles of the United Nations Global Compact (“UN Global Principles”) as well as the OECD recommendations regarding corruption.
The committee has an independent role, with accountability to the board, and according to its charter takes responsibility for monitoring:
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social and economic development – including employment equity, BBBEE, application of the UN Global Principles (covering human rights, labour, environment, anti-corruption), and the OECD guidelines for multi-national enterprises in respect of anti-corruption; |
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good corporate citizenship – including the promotion of equality, prevention of unfair discrimination, reduction of corruption, community development initiatives, and the company’s Corporate Social Investment programme; |
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environmental, health, public safety – including green and energy saving initiatives and responsibility for public safety and adherence to applicable legislative and regulatory considerations; |
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consumer relationships – including public relations, advertising and adherence to consumer protection laws; and |
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employment relationships – including employment and HR matters. |
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