n Stellenbosch Law Review = Stellenbosch Regstydskrif - Towards greener companies - sustainability and the social and ethics committee
|Article Title||Towards greener companies - sustainability and the social and ethics committee|
|© Publisher:||Juta Law Publishing|
|Journal||Stellenbosch Law Review = Stellenbosch Regstydskrif|
|Affiliations||1 University of Cape Town|
|Publication Date||Jan 2013|
|Pages||562 - 582|
There is broad consensus that 21st century corporations will have no choice but to acknowledge the importance of sustainable corporate behaviour. The social and ethics committee introduced by the South African Companies Act 71 of 2008 is one of the latest local developments reflecting this gradual change in the corporate landscape. This article considers mechanisms employed to regulate corporate social responsibility in general, focusing on companies' responsibilities as far as environmental matters are concerned. It specifically debates whether a mandatory committee of the board to deal with sustainability is an appropriate solution and, if so, whether such a mandate should be statutory. In this context South Africa's mandatory social and ethics committee will be evaluated in an attempt to predict whether it will play a viable role in protecting South Africa's natural heritage.
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