Status: Dismissed
Decision Details
Decision Date:
6 December 2021
6 December 2021
Decision Parties:
The Valspar (South Africa) Corporation (Pty) Ltd
The Valspar (South Africa) Corporation (Pty) Ltd
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Application for an exemption from the requirement to appoint a social and ethics committee (SEC), based on section 72(5)(b) of the Companies Act, 2008 (Act No. 71 of 2008) – it is not reasonably necessary in the public interest to require the company to have a social and ethics committee, having regard to the nature and extent of the activities of the company – no sufficient information provided to support the application for exemption – Held, the application is lacking critical information and the Applicant is ordered to fix the inadequacy through supplementary affidavit.
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