Page 53 - Integrated Annual Report

REPORT OF THE SOCIAL AND ETHICS COMMITTEE
Chairperson: Mr JG Ngcobo
Members: Mr JA Copelyn and Ms RD Watson
INTRODUCTION
The HCI Social and Ethics Committee has pleasure in submitting this report in respect of the past financial year.
The Committee is a statutory committee constituted in terms of the Companies Act to assist the board in monitoring the company’s performance as a good and responsible corporate citizen. This report by the committee is prepared in accordance with the requirements of section 72(4) to section 72(10) of the Companies Act (No. 71 of 2008), as amended (Companies Act), and regulation 43 to the Act and describes how the committee has discharged its duties in respect of the financial year ended 31 March 2021.
COMPOSITION
The members of the committee, as appointed by the board, comprise two independent non- executive directors, Mr JG Ngcobo (chairperson) and Ms RD Watson, and the Chief Executive Officer, Mr JA Copelyn. To ensure that the committee fulfils its responsibilities, the composition of the committee has been expanded by inviting several personnel from within the company to join the committee, who are the drivers of the underlying functions of the committee. In line with the Companies Act, the invitees do not have voting powers. The board is of the opinion that the composition of the committee is satisfactory to discharge the committee’s roles and responsibilities.
In terms of the committee’s mandate, the committee holds a minimum of two meetings per year. Additional meetings are held on request of any member.
The table below records the attendance of the members at meetings:
ROLES AND FUNCTION
There were no amendments to the committee’s mandate during the year. The committee continues to review and report to the board on the sustainable development of the group and particularly:
• Black Economic Empowerment;
• Environmental impact especially carbon emissions and
water use;
• Social development programmes through the HCI
Foundation;
• Health and safety; and
• Compliance with legal and regulatory requirements
The social and ethics report of the company and of the group is set out on pages 52 to 58.
CONCLUSION
The HCI social and ethics committee is satisfied that it has fulfilled its responsibilities in accordance with its terms of reference for the reporting period. The committee has fulfilled it mandate as prescribed by the Companies Act and confirms there are no instances of material non-compliance.
Mr JG Ncgobo
Chairperson - social and ethics committee 27 July 2021
Committee member
No of meetings
Attendance of members
JA Copelyn
2
2
JG Ngcobo
2
2
RD Watson
2
2
HOSKEN CONSOLIDATED INVESTMENTS LIMITED
INTEGRATED ANNUAL REPORT 2021 51