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Compliance with laws, rules, codes and standards
The national legal executive and executive management ensure Hyprop
complies with all current regulations and legislation, liaising closely with
the company’s sponsor. If there are areas of non-compliance, these
areas will be formally tabled through the risk management process
under the supervision of the risk committee.
There were no material compliance issues during the year. The Hyprop
board meets ad hoc to monitor progress against the property sector
charter, with particular focus on transformation.
Legislations/regulations with which the company is required to comply
include:
Q
Property sector charter
Q
Basic Conditions of Employment Act 75 of 1997
Q
Companies Act 71 of 2008
Q
Compensation for Occupational Injuries and Disease Act 130 of 1993
Q
Competition Act 89 of 1998
Q
Employment Equity Act 55 of 1998
Q
Labour Relations Act 66 of 1995
Q
Occupational Health and Safety Act 85 of 1993
Q
Value Added Tax Act 89 of 1991
Q
Financial Intelligence Centre Act 38 of 2001
Q
Consumer Protection Act 68 of 2008
Q
Financial Markets Act 19 of 2012
Q
Income Tax Act 58 of 1962
Q
Promotion of Access to Information Act 2 of 2000
Q
Protection of Personal Information Act 4 of 2013
Q
Protected Disclosures Act 2000
Q
Securities Services Act 36 of 2004
As Hyprop is a listed Real Estate Investment Trust (REIT), it is required to
comply with the JSE Listings Requirements and rules that are specific to
REITs in South Africa.
Anti-competitive behaviour
Hyprop has not been party to any legal actions for anticompetitive
behaviour or monopoly practices during the period.
Policy documents available online
Q
Board charter
Q
Audit committee charter
Q
Investment committee charter
Q
Remuneration and nomination committee charter
Q
Risk committee charter
Q
Social and ethics committee charter
Q
Code of conduct and company policy
Q
Employment equity policy and plan
Q
Memorandum of incorporation
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Hyprop Investments Limited
Integrated Report 2015