Established in June 2006 as a public company for “management of a golf club and related facilities to the benefit of all members”, Links Golf Club (RF)Limited (Links Golf Club) will have approximately 540 homes when the estate is completed. There are already 490 members who own properties; about 40 permanent employees and total revenue of R5.9 million for the year ended 30
September 2012. All these contributed to the public interest score of Links Golf Club exceeding 500 points. Therefore, Links Golf Club is required to appoint asocial and ethics committee (a SEC) in terms of regulation 43, read together with regulation 26(2)(d)(ii) of the Companies Regulations, 2011 (the Companies Regulations). Regulation 43 gives effect to section 72(5) of the Companies Act 71 of 2008 (the Act).