Unpacking the Companies Act amendments 2024 | Social & Ethics Committee, sections 72 and 61
Unpacking the Companies Act amendments 2024 | Social & Ethics Committee, sections 72 and 61
Podcast
Unpacking the Companies Act amendments 2024 | Social & Ethics Committee, sections 72 and 61
Podcast
The amendments that have come into effect provide that the members of the Social & Ethics committee of a public or a state-owned company must now be majority non-executive directors for at least the last 3 financial years and must be appointed at the annual general meeting of the shareholders. In the case of other companies that are required to appoint this committee, the composition and appointment requirements remain unchanged.
For more information on the amendments to sections 72 and 61, click here to listen.
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