Social and Ethics Committee Readiness Survey
Mazars, in conjunction with the IODSA, conducted a survey among the relevant companies to establish their level of readiness for the implementation of a Social and Ethics Committee.
In terms of Section 74 and Regulation 43 of the Companies Act, 71 of 2008, Public Companies, State Owned Companies and Private Companies with a Public Interest Score of 500 points or more are required to establish a Social and Ethics Committee by 1 May 2012.
The respondents consisted of 37.1% of Listed Public Companies, 23.8% of private companies and only 18.1% of state owned companies.
The below document contains the reponses that were received.