Social, ethics and transformation committee report

The PPC group social, ethics and transformation committee (SET) is a statutory committee that assists the board in monitoring the group's activities as set out below.

The committee is governed by terms of reference that detail its duties under the Companies Act, the JSE Listings Requirements and King lVTM, as well as responsibilities assigned by the board.

Terms of reference

SET's terms of reference were reviewed during the period and approved by the board. The committee has executed its duties for the year in line with these terms of reference.

Composition and functioning

Detailed on page 95.

Responsibilities

The committee does not assume the functions of management, which remain the responsibility of the executive directors, officers and other members of senior management. Its prescribed role is to assist the board to monitor the company's activities against relevant legislation, other legal requirements or prevailing codes of best practice, specifically:

In terms of its delegated authority, the committee has the power to investigate any activity within the scope of its terms of reference.

Key activities in the review period

The committee met twice during the year to:

These aspects are detailed in our supplementary report.

The committee monitors the group's performance against our vision and values, and makes recommendations to the board to meet the expectations of various stakeholders of the group. It also considered, and was satisfied with, progress in managing engagement processes with all key stakeholders.

Nonkululeko Gobodo
Chairman social and ethics committee

12 July 2018