GOVERNANCE > Social Ethics
AJ Maizey (Chairman)
Taste Holdings established a social, ethics and transformation committee in accordance with the requirements of the Companies Act. The committee met twice during the period under review. This committee executes the duties assigned to it by the Companies Act, as well as any additional duties assigned to it by the board of directors. Although management is tasked with the day-to-day operational sustainability of their respective areas of business, the board remains ultimately responsible for group sustainability and has delegated certain duties in this regard to the social, ethics and transformation committee.
A formal charter has been adopted which guides the committee in ensuring that the group conducts its business in an ethical and properly governed manner of reviewing or developing policies, governance structures and practices for sustainability.
Management reports to the committee on matters relevant to its deliberations, and the committee in turn draws relevant matters to the attention of the board and reports on them to the shareholders at the annual general meeting. Mechanisms to encourage ethical behaviour, such as the code of ethics, corporate citizenship policies and the whistle-blower hotline, were confirmed as adequate by the committee in the year. No human rights incidents were reported during the year. 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 primary role of the committee is to supplement, support, advise and provide guidance on the effectiveness or otherwise of management’s efforts in respect of social, ethics and sustainable development-related matters which include: