"A year after the new Companies Act became law, thousands of companies may have already missed a key deadline of the Act... All state owned, listed companies and private companies with a public interest score of 550 and over are required by section 74 and regulation 43 of the act to establish an Ethics Committee." (Business Day 2 May 2012)
A year later and while many Social and ethics COmmittees are in place the next challenge is to fully understand and implement their function and role in the company.
Chapter 1 of the latest King Code of Corporate Governance in South Africa (King III) demonstrates a significant change from previous versions of this code - instead of focusing on Board Structures and Board Responsibilities it highlights the need for Ethical leadership and Corporate Citizenship. This code takes as its starting point the view that Corporate Governance is not primarily a matter of form, structure and process but an issue of leadership - and in particular ethical leadership.
With the legal requirement in the new Companies Act and its regulations to establish an Ethics Committee the need for organisations to review their own viewpoint of corporate governance is essential. Ethics Committees are mandated to observe not only compliance to externally imposed legislation and regulations but also oversee the formulation of internal policies that guide and give life to the ethical conduct of the organisation - primarily through the actions of its people.
Broadening the scope required by Ethics Committees is a growing realisation that a organisation's performance cannot only be measured in terms of its financial impact - the emphasis on concepts like the Triple Bottom Line (People, Planet and Profits) and integrated Reporting is making organisational leadership more and more challenging. Ethics Committees will need to ensure that the organisational agenda encompasses all these concepts and concerns.
This Ethics and Social Committee Workshop will provide you with:A good understanding of the scope and mandate of the Ethics Committee;
- An overview of the legislative and regulatory requirements impacting the formation and role of ethics and Social Committees;
- An introduction to the field of ethics and its application;
- Guidelines on establishing Ethical Policies and Decision Making with organisations;
- A history of the development of Ethics and Social Committees;
- An overview of the various ways an organisation can embrace ethical principles including;
- Stakeholder Engagement and Accountability
- Integrated Reporting and the Triple Bottom Line
Who Should Attend:
- Directors and Decision Makers
- Senior Management
- Financial and Audit Professionals
- Public Relations Personnel
- Investor Relations Personnel
Introducing your facilitator:
Roger Hitchcock: Specialist Advisor Strategy, Governance and Knowledge
(B.Soc Sc; B.Th; Dip SBM; CFP)
- Corporate Strategic Planning
- Corporate Decision Making
- Corporate Governance Process and Structure Facilitation
- Innovation Strategies
- Process and Systems Design
- Presentations and Seminars
- Training (design and deployment)
- Amongst other things...
Roger has worked for 20 years in both large corporate environments and small business environments. His speciality is in making complexity understandable and facilitating robust solutions. He is passionate about assisting companies and individuals find their clear strategic direction and purpose - and helping them to take steps in implementing this purpose in an effective way.