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Social and Ethics Committee Review

The Committee is responsible for meeting its statutory duties in terms of Regulation 43 of the Companies Act and monitoring and reviewing Massmart’s performance as a responsible corporate citizen.
NN Gwagwa Chairman of the Social and Ethics Committee
BOARD MEMBERS
BOARD STATUS
MEMBER SINCE
ATTENDANCE
NN Gwagwa (Chairman)
Independent Non-Executive Director
1 November 2006
3/3
S Muigai
Non-Independent Non-Executive Director
26 May 2017
3/3
MW Slape
Executive Director
1 September 2019
3/3
Prof De Jongh
Independent permanent invitee
20 November 2011
3/3

We have oversight of Massmart’s efforts towards supporting small local manufacturers; socioeconomic development; responsible sourcing; efforts to minimise its environmental footprint and its contribution to society through employment, skills development and a responsible tax policy

What kept our Social and Ethics Committee busy in 2020 and what will keep it busy in 2021 and beyond:

The focus of the Committee in 2020

  • Reviewed and assessed Massmart’s response to the social impact of the Covid-19 pandemic and the consequent lockdowns
  • Considered South Africa’s regulatory, political, environmental and social landscape and its implications for Massmart and the retail sector
  • Monitored the Group’s pay parity response strategies and compliance
  • Monitored the Group’s compliance with minimum wage legislation and applicable wage sectoral determination
  • Tracked the Group’s employment equity plans and progress
  • Monitored and assessed the Group’s progress with regard to its transformation agenda
  • Ensured Massmart maintains its responsible corporate citizen status
  • Reviewed Massmart’s relationship with key stakeholders and industry bodies to gain an understanding of Massmart’s impact on these stakeholders and their impact on Massmart
  • Monitored responsible Private Labour sourcing
  • Ensured Massmart’s continued participate in various internationally accredited governance, social and environmental indices

 

Our focus in 2021 and beyond 

  • Review the possible impact on Massmart and the retail sector of South Africa’s regulatory, political, environmental and social landscape
  • Monitor Massmart’s performance as a responsible corporate citizen
  • Monitor and assess the Group’s progress with regard to transformation and review the work of the Transformation Committee
  • Oversight of responsible sourcing
  • Monitoring of Massmart’s Broad-Based Black Economic Empowerment performance
  • Monitored the Group’s efforts to embed and ethical culture

 

Dr Lulu Gwagwa
Chairman of the Social and Ethics Committee
8 April 2021