Companies Act amendment bill Presentation Aeon

Transcript:Companies Act amendment bill Presentation Aeon:
Companies Act amendment bill Presentation Aeon Investment Management Association of Black Securities & Investment Professionals (“ABSIP”) Just Share Established 1995 to address the lack of representation of black investment & securities professionals ABSIP’s mandate is to empower black professionals & black businesses across the financial service industry. Four organizational pillars: Strong advocacy Networks & linkages Engagement platform Continuous learning & development Aeon Investment Management: Value Proposition Unique investment Philosophy Sustainable investment Process People with a proven Track Record Solid Investment Performance Competitive Price UNPRI Triple A+ rating FSC B-BBEE Level 2 Contributor ABSIP 2021 Award: Best ESG Manager 27four ESG Award: Sustainable Asset Manager Award Investment Signatory of UNPRI since 2014 Fully endorses CRISA code Top A+ Rating Global UN PRI rating achieved People with a proven Track Record of Social Commitment Helped avoid Steinhoff, TON, ASC, EOH & Transaction Capital Increasing reporting requirements – PRI, TCFD ABSIP 2021 Award: Best ESG Manager 27four ESG Award: Sustainable Asset Manager Award Aeon Significant ESG Achievement Successfully achieved & maintained three consecutive Triple A+ PRI ratings over 2017,2018 & 2019 and Five-Star ratings in 2022 Non-profit shareholder activism organisation Uses responsible investment & sustainable finance to drive urgent action to reduces climate change & inequality Using shareholder rights and collaborative activism Just Share Climate Change activities: Catalysing active ownership Changing the rules Exposing lobbying & greenwashing Redirecting capital flows Just Shares Inequality activities: Advancing fair pay Changing the rules Transforming leadership Comments Social and Ethics Committee; Standardisation on Social and Ethics Reports Components to be included in the reports Disclosure of five-year historical pay ratios & gender pay gaps by major geographic segments Entities with more than 50 employees including SOEs, NPOs, etc. Equal pay for equal work Our mothers, sisters, aunts, nieces & daughters Definition of the prescribed officers Benefits of disclosure: Help reduce inequality Transparency & accountability Track progress Board management to justify gender pay gaps & pay ratio Comments We note from the Background Note and Explanatory Memorandum on the Companies “[a] concern has been expressed to Government that a potential consequence of the disclosure requirement may be greater resort to outsourcing of the lowest paid employees, simply to improve company ratios” This disclosure should include the total remuneration of the lowest-paid sub-contracted worker who performs most or all of his or her work for or in the firm concerned; and Those disclosures must specify the job position or