It is averred that the applicants auditors have performed an in depth review of the Company’s public interest score and have found that it is not in the public’s interest to form a Social and Ethics committee considering the nature of the company’s business.
The applicant is a private company with a public interest score of more than 500 in two of its previous five years and is required to appoint a social and ethics committee in terms of
Section 72 of the Companies Act 71 of 2008 (further referred to as ‘the Act’) and regulation 43 of 2011 (further referred to as ‘the regulations’).
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