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Tiger Brands Limited Integrated Annual Report
2014
Governance and risk
To this end, a reporting framework is in place
which covers aspects contemplated in the
United Nations Global Compact – specifically
the 10 principles relating to human rights,
labour, the environment and anti-corruption. It
also covers the OECD recommendations which
predominantly relate to anti-bribery and
anti-corruption with specific emphasis on risk
control systems.
Management reports to the committee on
matters relevant to its deliberations to enable
the members to fulfil their responsibilities.
Mechanisms to encourage ethical behaviour
such as the Code of Ethics, and tip-off line,
were confirmed as adequate by the committee
in the year.
No human rights incidents were reported. In
South Africa, aspects such as prohibition of
child labour, forced compulsory labour and
discriminatory practices are monitored by the
Department of Labour in addition to the
committee.
The committee also confirmed that all consumer
complaints are monitored by executive
management, as well as the risk and
sustainability committee, in line with the
Consumer Protection Act. A four-year consumer
complaints review undertaken by the committee
indicated a progressive decline in the number
of complaints.
The group labour report was considered by
the committee. Female representation is at
31% in junior management, 36% in middle
management, 27% in senior management
and 25% in executive management. Board
representation is at 25%. The trend has
remained consistent over a three-year period.
Income differentials are also annually tracked
by the Department of Labour.
Corporate social investment and the Tiger
Brands Foundation are reported separately
on pages 119 to 122.
In respect of broad-based black economic
empowerment (B-BBEE) performance, the
company retained a Level 3 contributor rating
for the year. The focus areas for the year
under review were employment equity, skills
development and enterprise development.
The group is currently reviewing its plans and
strategies in order to align to the newly
promulgated and revised B-BBEE codes.
Bheki Sibiya
Chairman of the social, ethics and
transformation committee
18 November 2014