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Report to PPS Insurance members by the SEC
During 2018, the committee discharged its statutory duties and considered reports from the various contributors
regarding the relevant functions and the following items were specifically noted:
Social and economic
development
• The United Nations Global Compact Principles are not legislation but reflect
international best practice. PPS conducts its business in accordance with
the principles regarding human rights, labour standards, the environment
and anti-corruption.
• Compliance with the Employment Equity Act is managed in accordance
with a report and a plan submitted to the Department of Labour, which are
frequently tracked at executive management and board level.
• Various action plans are in place to address the requirements of the sectoral
Broad-based Black Economic Empowerment Act and Financial Services
Charter.
Good corporate citizenship
• PPS promotes equality and prevents unfair discrimination against both
employees and members.
• Various corporate social investment initiatives are in place to develop the
professional community and students studying towards qualifying degrees.
• Various sponsorships, donations and charitable initiatives are undertaken
and are regularly reviewed.
Assessment of the ethical risk
profile
• Corruption and fraud management is a priority for PPS and a Fraud and
Corruption Policy, as well as a confidential reporting facility, operated by
an independent third party, are in place, and have been appropriately
communicated to staff.
Consumer relationships
• PPS has implemented Treating Customers Fairly (TCF) and has fully integrated
it into its operations, achieving a high score using the self-assessment tool
provided by the FSCA for this purpose.
• Industry-specific consumer protection legislation is in place (FAIS, Insurance
Act, etc.) and compliance therewith is actively managed and high levels of
compliance have been achieved.
The environment, health and
public safety, labour and
employment
• The impact of the activities of the various PPS Group entities on the
environment is considered and projects to minimise the environmental
impact of the operations of the organisation continue.
• The occupational health and safety of employees and clients in buildings
occupied by PPS are monitored and a high level of compliance is achieved.
• Excellent working conditions are in place for all employees.
• Employment relationships are valued at PPS and programmes for continued
improvements to maintain best employee practice are in place and effective,
as evidenced by the results of regular employee surveys.
• Educational development of employees is achieved through various initiatives
including internal and external training, induction programmes and bursary
schemes.
The committee is satisfied with the reporting and governance framework to ensure compliance with its statutory
responsibilities in terms of the Companies Act.
No complaints were received by the SEC during the year ended 31 December 2018 and based on the above
monitoring reports, the SEC concluded that there were no specific issues under its purview which required
reporting to the PPS Insurance Board or members of the PPS Group.
On behalf of the PPS Group Social and Ethics Committee:
Ms D L T Dondur
Chairman of SEC
2 April 2019