A social and ethics committee was established by MacDonald’s in 2013.
The duties of this committee is as follows:
- To monitor the company’s activities, having regard to any relevant legislation, other legal requirements or prevailing codes of good practice (including King III), with regard to matters relating to:
- Social and economic development, including the company’s standing in terms of the goals and purposes of
- To draw matters within its mandate to the attention of the board as occasion requires; and
- The 10 principles set out in the United Nations Global Compact Principles ; and
- The Organisation for Economic Co-operation and Development (“OECD”) recommendations regarding corruption ;
- The Employment Equity Act, No. 55 of 1998; and
- The Broad-Based Black Economic Empowerment Act, No. 53 of 2003;
- Good corporate citizenship, including the company’s –
- Promotion of equality, prevention of unfair discrimination, and reduction of corruption;
- Contribution to development of the communities in which its activities are predominantly conducted or within which its products or services are predominantly marketed; and
- Record of sponsorship, donations and charitable giving;
- The environment, health and public safety, including the impact of the company’s activities and its products or services;
- Consumer relationships, including the company’s advertising, public relations and compliance with consumer protection laws; and
- Labour and employment, including –
- The company’s standing in terms of the International Labour Organisation (“ILO”) Protocol on decent work and working conditions; and
- The company’s employment relationships, and its contribution toward the educational development of its employees;
To report, through one of its members, to the shareholders at the company’s AGM on the matters within its mandate.
The committee has proceeded with its duties and are committed to, together with the management within the group, ensure that MacDonald’s stays a socially responsible company.