The Social, Ethics Committee comprises three members appointed by the Board. The main responsibility of the committee is to monitor the Group’s activities with regard to its social impact in terms of Social and Economic Development, Corporate Citizenship, the Environment, Labour, and so forth.

The Committee has an independent role with direct accountability to the Board. The Committee does not assume the functions of management, which remain the responsibility of the executives, officers and other members of senior management. The overall role of the Committee is to assist the Board with Human Capital oversight over Terrasan Group Limited and its subsidiary companies (the Group).

The shareholders of Terrasan Group Limited have constituted the Audit and Risk Committee of three nonexecutive Board members in accordance with Section 94 of the Companies Act 71 of 2008, as amended. In addition to the Committee members, the Chief Financial Officer, Group Financial Reporting and Compliance Manager, senior management members as well as senior representatives of the external auditors attended meetings of the committee by invitation. Four meetings were held during the year..

The Terrasan policy on Environmental and Social Governance reaches across and into all its subsidiary companies. The Group’s objective is to do good business whilst at the same time protecting the environment and people from harm, and providing social benefits through looking after its workforce and supporting its communities.

Other key elements of our policy are doing business in an ethical manner and to comply with relevant national legislation whilst gearing up to operate to international good practice standards.