The applicant has requested the Companies Tribunal (“Tribunal”) to exempt it from the requirement to have a social and ethics committee. The applicant’s main objects, as a non-profit company, are to-

• manage and promote the interests of the St Francis Property Owners NPC;
• enhance and supplement the municipal services provided by the local authority;
• facilitate investment, economic growth and sustainable development in the St Francis Bay municipal area;
• halt the degeneration and facilitating the upliftment of distressed areas in the St Francis Bay municipal area; and
• do all things that may fall within the scope of any of the above objects or which may be deemed necessary for the advancement of the applicant or the community it is designed to serve.