Application for an exemption from the requirement to appoint a social and ethics committee (SEC) – application 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 appoint a social and ethics committee, having regard to the nature and extent of the activities of the company. Held, that exemption from the requirement to appoint a social and ethics committee is granted for a period of five years.
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