73 / 280
BUSINESS MODEL
AND STRATEGIC
OBJECTIVES
LEADERSHIP
GOVERNANCE
SHAREHOLDERS’
INFORMATION AND
ADMINISTRATION
OPERATING
PERFORMANCE
FINANCIAL
PERFORMANCE
BLUE LABEL INTEGRATED ANNUAL REPORT 2014
71
DEAR STAKEHOLDERS
I am pleased to report on the activities of the
Committee for the financial year ended 31 May 2014.
The Committee was formed in February 2012
in accordance with section 72(4) of the Act, following
a Board decision to reconstitute the Transformation
Committee into the Social, Ethics and Transformation
Committee. The Committee operates under
Board-approved terms of reference, which include
meeting twice per financial year.
At meetings held during the year, the Committee
considered matters, including:
➔
➔
transformation initiatives in the workplace;
➔
➔
a roadmap addressing equity B-BBEE shortfalls;
➔
➔
Group and subsidiary B-BBEE ratings;
➔
➔
the impact of the revised dti Codes of Good
Practice on the Group;
➔
➔
current and new training and development
programmes, including leadership and mentoring
programmes;
➔
➔
consideration of the feedback provided by the
Chairman of the Group’s Employment Equity
Committee;
➔
➔
10 principles of the United Global Compact;
➔
➔
the Group’s Business Ethics Statement and
Whistle-Blowing Policy;
➔
➔
health and safety performance across the Group;
➔
➔
CSI projects and monitoring of spend, including
Exco’s approval of the Committee’s
recommendation to provide significant and
sustainable support to the Protea Glen Boys and
Girls Club of South Africa; and
➔
➔
current sponsorships.
I look forward to reporting on our progress next year.
SJ Vilakazi
Chairman
22 October 2014
SOCIAL, ETHICS AND TRANSFORMATION
COMMITTEE REPORT