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LML4806 PORTFOLIO MEMO - MAY/JUNE 2022 SEMESTER 1 - WITH DETAILED BIBLIOGRAPHY $30.13   Add to cart
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LML4806 PORTFOLIO MEMO - MAY/JUNE 2022 SEMESTER 1 - WITH DETAILED BIBLIOGRAPHY

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  • Course
  • LML4806 - Company Law
  • Institution
  • University Of South Africa (Unisa)

LML4806 PORTFOLIO MEMO - MAY/JUNE 2022 SEMESTER 1 - WITH DETAILED BIBLIOGRAPHY QUESTION 1 LML4806 May/June 2022 1.1 Discuss how the social and ethics committee enhances corporate social responsibility in South African companies. (10) 1.2 You are approached by Zelda, the chairperson...

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  • June 14, 2022
  • 21
  • 2021/2022
  • Exam (elaborations)
  • Questions & answers

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  • lml4806 portfolio memo mayjune 2022 semester 1 with detailed bibliography
  • lml4806 portfolio memo mayjune 2022 semester 1 with detailed bibliography question 1 lml4806 mayjune 2022 11 di

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  • University of South Africa (Unisa)
  • LML4806 - Company Law
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QUESTION 1


LML4806 May/June 2022
[25]


1.1 Discuss how the social and ethics committee enhances corporate
social responsibility in South African companies. (10)


The Companies Act requires certain categories of companies to appoint a social
and ethics committee to monitor the company’s activities with regard to matters
relating to social and economic development (which includes the company’s
standing in terms of the goals and purposes of the ten principles set out in the
United Nations Global Compact Principles; the OECD recommendations
regarding corruption, the Employment Equity Act; and the Broad-Based Black
Economic Empowerment Act), good corporate citizenship (which includes the
company’s promotion of equality, prevention of unfair discrimination; reduction
of corruption; contribution to the development of the communities in which the
company’s activities are predominantly conducted or its products or services
are marketed; and recording of sponsorship, donations and charitable giving),
the environment, health and public safety, consumer relationships, and labour
and employment issues (s 72 and Regulation 43).


• The following companies are required by the Companies Act to appoint a
social and ethics committee:
• every state-owned company
• every listed public company
• any other company that has had a public interest score above 500 points
in any two of the previous five years.

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