{"id":2984,"date":"2022-06-19T10:15:11","date_gmt":"2022-06-19T08:15:11","guid":{"rendered":"https:\/\/famousbrands.co.za\/iar2022\/social-and-ethics-committee-report\/"},"modified":"2022-06-21T18:51:55","modified_gmt":"2022-06-21T16:51:55","slug":"social-and-ethics-committee-report","status":"publish","type":"page","link":"https:\/\/famousbrands.co.za\/iar2022\/governance-and-remuneration\/social-and-ethics-committee-report\/","title":{"rendered":"Social and Ethics Committee report"},"content":{"rendered":"
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The Committee reviewed its transformation and sustainability initiatives in the context of our broader socio-economic realities, and a backdrop where COVID-19 continues to impact our business and employees.<\/p>\n<\/p><\/div>\n

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Mandate<\/div>\n

The purpose of the Social and Ethics Committee is to assist the Board in discharging its oversight responsibilities regarding how the Group does business according to its values, ethical standards and social responsibility. As per the Companies Act, the Committee\u2019s duties include oversight over social and economic development, good corporate citizenship, the environment, health and public safety, consumer relationships, and labour and employment.<\/p>\n<\/div>\n\n\n\n\n
Members<\/strong><\/td>\nInvitees<\/strong><\/td>\nRelevant skills profile of members<\/strong><\/td>\n<\/tr>\n
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Chairman <\/strong><\/p>\n

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  • CH Boulle*\u20022\/3<\/li>\n
  • A Maditse*\u20021\/3<\/li>\n<\/ul>\n

    Members<\/strong><\/p>\n

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    • DP Hele <\/li>\n
    • N Halamandaris <\/li>\n
    • AK Maditse <\/li>\n<\/ul>\n<\/td>\n
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  • Group HR Executive <\/li>\n
  • Group Executive: Business Development <\/li>\n
  • Group Risk Executive <\/li>\n
  • Group Transformation Manager <\/li>\n
  • Company Secretary<\/li>\n<\/ul>\n<\/td>\n
Committee members are highly skilled in governance, law and sustainability reporting.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n
*<\/sup><\/td>\nChris Boulle stepped down as the Chairman of the Social and Ethics Committee in October 2021 and was replaced by Alex Maditse. <\/td>\n<\/tr>\n<\/table>\n

Oversight areas <\/h2>\n

The Committee, together with the Social and Ethics Working Group (made up of the executives of the Group), have adopted best practice for this committee as recommended by the IoDSA. It encapsulates King IV, the Companies Act, the 10 Principles of the UN Global Compact and legislation related to the economy (including fraud and corruption), workplace matters, environment and society (including stakeholder relations).<\/p>\n

Governing and managing ethics <\/h2>\n

We have the following measures in place to ensure that we adequately govern and manage ethics within the Group: <\/p>\n