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GOVERNANCE AND RISK
78
Tiger Brands Limited Integrated Annual Report
2014
Social, ethics and transformation
committee report
The social, ethics and transformation committee
operates within defined terms of reference as
set out in its charter and the authority granted
to it by the board. Broadly, the committee is
tasked with overseeing the good corporate
citizenship of the group on behalf of the board.
The committee is chaired by Bheki Sibiya and
further comprises Chief Executive Officer Peter
Matlare, independent non-executive group
Chairman André Parker, independent
non-executive Maya Makanjee and members
of executive management. The committee
meets at least three times a year. Details of
meeting attendance are set out on page 63.
The committee’s role is to regularly monitor the
group’s activities, with regard to any relevant
legislation, other legal requirements or
prevailing codes of best practice, in respect
of the following:
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Social and economic development,
including the group’s standing in terms of:
•
the 10 principles set out in the United
Nations Global Compact Principles;
•
the anti-bribery and corruption legislation
and best practice from around the world
including OECD, US Foreign Corrupt
Practices Act and UK Bribery Act;
•
the Employment Equity Act; and
•
the Broad-Based Black Economic
Empowerment Act.
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Good corporate citizenship, including the
group‘s:
•
promotion of equality, prevention of unfair
discrimination, and reduction of
corruption;
•
contribution to the development of the
communities in which our activities are
predominantly conducted or within which
our products or services are
predominantly marketed; and
•
record of sponsorship, donations and
charitable giving.
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Consumer relations
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Environment, health and public safety,
including the impact of the group‘s activities
and its services
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Stakeholder relationships, including the
group's advertising, public relations and
compliance with consumer protection laws
Ϣ
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Labour and employment, including the
group‘s:
•
standing in terms of the International
Labour Organisation Protocol on decent
work and working conditions
•
employment relationships, and our
contribution towards the educational
development of our employees.
The committee draws these matters to the
attention of the board and reports on them to
the shareholders at the annual general meeting.