Social and Ethics Committees: The Journey Begins
The new Companies Act (71 of 2008), which came into effect on 1 May 2011, mandates that certain companies have to constitute social and ethics committees by 1 May 2012. The Act requires all public and state-owned companies, as well as other companies that had a public-interest score of more than 500 in any two of the five previous years to do so, unless exempted.
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