Overview

The Companies Act of 2008 requires that the boards of all listed public companies, state owned enterprises (SOEs) and companies with significant public interest should have a social and ethics sub-committee. The introduction of social and ethics committees emphasizes that companies have a significant social impact on the societies in which they operate. They thus have to be responsible corporate citizens – as stated in the Third King Report on Corporate Governance. This workshop will explore how social and ethics committees should operate and how they could fit into the overall corporate governance strategy of a company.

King Code of Governance principles (King III)

·         Principle 1.2: The board should ensure that the company is and is seen to be a responsible corporate citizen.

·         Principle 1.3: The board should ensure that the company’s ethics is managed effectively.

Key focus areas

·         The social role/responsibility of business in the South African context

·         The governance of ethics in King III

·         The mandate of the Social & Ethics Committee

·         Strategies and processes for an effective Social & Ethics Committee

·         "How we’ve done it”: Company perspectives & experiences

Duration
Half day: 09h00 – 12h30

     Presentation fees

       IoDSA Fellow:      R2 094

       IoDSA Members: R2 512       

       Non Members:     R3 140

Includes: VAT, Course Material, Refreshments & Lunch