2019 Integrated Report

PPS INTEGRATED REPORT 2019 | 99 INTRODUCTION The PPS Group Social and Ethics Committee (‘SEC’) is a statutory committee of the PPS Insurance Board established by the Board in terms of section 72(4) of the Companies Act (71 of 2008) (‘Companies Act’) and has the functions set out in Regulation 43(5) of the Companies Act. The SEC is tasked with monitoring specific activities of the PPS Insurance Group as set out below and to advise the PPS Insurance Group Boards in relation to such matters. The SEC meets at least twice a year. The SEC is supported in discharging its duties by the Group Remuneration Committee, the Group Risk Committee and the Group Audit Committee. Members Ms D L T Dondur (Chairman), Independent Non-Executive Director Mrs T Boesch, Executive Director Mr C Erasmus, Independent Non-Executive Director Mr I J Smit, Chief Executive Functions The SEC performs all the functions as are necessary to fulfil the following statutory duties: Monitoring the PPS Insurance Group’s activities, having regard to any relevant legislation, other legal requirements or prevailing codes of best practice, with regard to matters relating to: • Social and economic development • Good corporate citizenship • Assessment of the ethical risk profile • Labour and employment • Consumer relationships • The environment, health and public safety • The implementation of Treating Customers Fairly regulation • Drawing matters within its mandate to the attention of the PPS Insurance Group boards as may be required Reporting, through one of its members, to the members of PPS Insurance at its annual general meeting on the matters within its mandate. The SEC meetings held during the year and attendance thereat were as follows: 6 Mar 2019 11 Nov 2019 Ms D L T Dondur (Chairman) P P Mrs T Boesch P P Mr C Erasmus P P Mr I J Smit P P Report to PPS Insurance members by the SEC During 2019, the committee discharged its statutory duties and considered reports from the various contributors regarding the relevant functions and the following items were specifically noted: GROUP SOCIAL AND ETHICS COMMITTEE’S REPORT