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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