PPS
INTEGRATED REPORT 2018
94
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 (Appointed as Chairman of the Committee
on 18 June 2018)
Mrs T Boesch, Executive Director
Mr C Erasmus, Independent Non-Executive Director
Mr I J Smit, Chief Executive
Mr N G Payne (Former Chairman), Independent Non-Executive Director (Resigned 30 April 2018)
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:
Group Social and Ethics Committee
6 Mar
2018
9 Nov
2018
Ms D L T Dondur (Chairman) (Appointed 18 June 2018)
N/A
X
Mrs T Boesch
X
X
Mr C Erasmus
X
X
Mr I J Smit
X
X
Mr N G Payne (Former Chairman) (Resigned 30 April 2018)
X
N/A
N/A = Not applicable
GROUP SOCIAL
AND ETHICS
COMMITTEE’S REPORT