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Tiger Brands Limited Integrated Annual Report
2014
Business overview
Leadership
Ethical leadership
The board strives to ensure that the group
conducts its business with the utmost integrity
in all dealings with its stakeholders. The social,
ethics and transformation committee reflects
and guides Tiger Brands’ commitment to
responsible corporate citizenship.
The committee is tasked with monitoring Tiger
Brands’ compliance with relevant social, ethical
and legal requirements and best practice
codes. It further reports to shareholders on
matters that fall within the scope of its mandate.
(See “Social, ethics and transformation
committee report”, page 78 for more
information.)
The group has adopted a Code of Ethics (the
Code) which applies to all employees of the
group and the board. The purpose and scope
of the Code is to:
Ϣ
Ϣ
promote and enforce ethical business
practices and standards in the group;
Ϣ
Ϣ
reflect the group’s policy on ethics which
forms part of the key performance indicators
of each employee (an acceptance of
employment with the company is deemed
to be an acceptance of the principles
set out in the Code);
Ϣ
Ϣ
raise ethical awareness and guide
day-to-day decisions;
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Ϣ
support training programmes; and
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assure customers, suppliers and competitors
of the integrity of group companies.
The full Code is available on the company
website.
Further, to give effect to the tenets of the Code,
an independent confidential ethics hotline is in
place and all reports received are investigated
by the group’s commercial audit unit, which
investigates and assists in prosecutions when
fraud or other breaches of group policy have
been identified.
The group is a founder member of the Ethics
Institute of South Africa.
No material fines or prosecutions were
imposed against the group during the year.