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67
Tiger Brands Limited Integrated Annual Report
2014
Governance and risk
Further, the internal and external auditors, as
well as Marsh (Pty) Limited, which undertakes
the risk and environmental reviews, attend all
meetings of this committee. Specialists are
invited when appropriate to provide advice
on matters of risk and sustainability.
Reports on the proceedings of the committee
and the minutes of the meetings are submitted
to the audit committee and the board. In
addition, major risks as put forward by the
committee are considered by the board on
a regular basis.
Social, ethics and transformation committee
The committee operates in line with the
requirements of the Companies Act No 71
of 2008, as amended, and King III.
The main objectives of the committee are to
monitor the group’s activities with regard to any
relevant legislation, legal requirements and
prevailing codes of best practice.
The report of the social, ethics and
transformation committee is set out on page 78.