Appointment of Social and Ethics Committee
Private or personal liability companies with a Public Interest Score (PIS) above 500 in any two of the preceding five (5) years are required to have a Social and Ethics Committee. Companies may apply for exemption from having a Social and Ethics Committee to the Companies Tribunal. Subsidiaries of companies that have a Social and Ethics Committee are not required to have a committee.
- Social and Ethics Committees are responsible to monitor a company’s activities with regard to its contribution to
- Social and economic development;
- Good corporate citizenship;
- Environment, health and public safety;
- Consumer relationships; and?
- Labour and employment.