The Applicant applies for an exemption, from the requirement to appoint a Social and Ethics Committee, as imposed by Section 72(5)(a) of the Companies Act 71 of 2008 (further herein referred to as ‘the Act’). This Application is made, on the basis that the Applicant’s holding company has an existing social and ethics committee which will perform the tasks of the social and ethics committee for the Applicant.
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