{"id":2984,"date":"2022-06-19T10:15:11","date_gmt":"2022-06-19T08:15:11","guid":{"rendered":"https:\/\/famousbrands.co.za\/iar2023\/social-and-ethics-committee-report\/"},"modified":"2023-06-21T14:05:36","modified_gmt":"2023-06-21T12:05:36","slug":"social-and-ethics-committee-report","status":"publish","type":"page","link":"https:\/\/famousbrands.co.za\/iar2023\/governance-and-remuneration\/social-and-ethics-committee-report\/","title":{"rendered":"Social and Ethics Committee report<\/span>"},"content":{"rendered":"\n
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\u201cThe Committee continued to drive transformation, sustainability and ethics initiatives to secure our ongoing licence to operate. We are particularly pleased with the Group\u2019s achievement of a Level 2 B-BBEE status for the first time.\u201d<\/h2>\n
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Mandate<\/h2>\n

The purpose of the Social and Ethics Committee is to support 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 overseeing social and economic development, good corporate citizenship, the environment, health and public safety, consumer relationships, and labour and employment.<\/p>\n<\/div><\/div>\n

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Attendance and composition <\/h2>\n\n\n\n\n\n
Members<\/td>\nInvitees<\/td>\nRelevant skills profile of members<\/td>\n<\/tr>\n<\/thead>\n
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Chairman<\/h4>\n
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  • AK Maditse (3\/3)<\/li>\n<\/ul>\n

    Members<\/h4>\n
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    • CH Boulle (3\/3)<\/li>\n
    • DP Hele (3\/3)<\/li>\n
    • N Halamandaris (2\/3)<\/li>\n
    • B Mathe (1*\/3)<\/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
  • Group Financial Director<\/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\n
*<\/sup><\/td>\nBusi Mathe was appointed as a member of the Social and Ethics Committee on 3 November 2022.<\/td>\n<\/tr>\n<\/tbody>\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 practices for this Committee as recommended by the IoDSA. This includes King IV, the Companies Act, the\u00a010 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

At Famous Brands, we consider social and ethics matters in five major categories, namely: <\/p>\n