Appointment of Social and Ethics Committee

Private or personal liability companies with a Public Interest Score (PIS) above 500 in any two of the preceding five (5) years are required to have a Social and Ethics Committee.  Companies may apply for exemption from having a Social and Ethics Committee to the Companies Tribunal. Subsidiaries of companies that have a Social and Ethics Committee are not required to have a committee.

• Social and Ethics Committees are responsible to monitor a company’s activities with regard to its contribution to  
  • Social and economic development;
  • Good corporate citizenship;
  • Environment, health and public safety;
  • Consumer relationships; and?
  • Labour and employment.