Accountants' Discussion Forum: Social and Ethics Committee requirements: Companies Amendment Act
CPD Hours: 2
Price: R380.00
Accountants' Discussion Forum: Social and Ethics Committee requirements: Companies Amendment Act
Presenters : Carmen Westermeyer CA(SA) , Caryn Maitland CA(SA)
Overview
With the recent amendments to the Companies Act taking effect on 27 December 2024, the role and requirements of Social and Ethics Committees (SECs) have gained renewed significance. This webinar aims to equip accountants, financial professionals, and company leaders with a comprehensive understanding of the SECs requirements under the Companies Amendment Act.
Join Caryn Maitland CA(SA) and Carmen Westermeyer CA(SA) as they go into the critical aspects of SECs, from their purpose and constitution to their reporting obligations and impact on sustainability and ESG frameworks.
Learning objectives and competencies developed
Through real-world case studies, practical examples, and an in-depth analysis of the latest regulatory developments, this webinar will equip you with the following competencies:
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Understand the fundamental role of SECs as a statutory requirement and governance tool.
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Gain clarity on the legal thresholds and criteria that determine which companies must establish an SEC.
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Learn the specific requirements for forming an effective SEC, including the composition, qualifications, and roles of its members.
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Attain knowledge about the core functions of an SEC such as monitoring corporate social responsibility initiatives, overseeing ethical practices and ensuring compliance with sustainability laws.
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Understand the statutory reporting obligations of SECs including disclosures in annual reports and how these outputs influence corporate reputation, stakeholder trust, and regulatory compliance.
Content to be discussed
The following topics are under discussion for this month:
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What is sustainability?
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What are the requirements of corporate law with respect to SECs?
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What guidance does King IV on corporate governance give SEC's?
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What are the reporting and assurance implications of the SEC?
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What are the consequences of not having an SEC?
