All decisions are made by the directorship,with the delegation of decision-making
tasks filtering down through each director’s specific roles and responsibilities. As Impahla
is a privately held company with no minority shareholders, there is no requirement for
Given the nature and size of the business,informal meetings are conducted among the management team on a daily basis, while formal production and planning meetings are scheduled weekly (an increase over previously held monthly meetings). Executive shareholder meetings are conducted monthly, with input from the non-executive director being considered as and when necessary.
Ultimate responsibility for stakeholder engagement, contractor compliance-related issues, legal and regulatory compliance, and compliance with union (SACTWU) and NBC requirements, rests with the directorship team, with the managing director spear-heading all aspects of control and assurance. All directors have explicitly declared their business interests and are aware of the consequences of operating in conflict with the codes of the company.
Commitment to external initiativesImpahla subscribes to and upholds the following key charters and principles, as well as legislative and regulatory requirements:
- Our customers’ codes of conduct
- NBC’s main industry-wide agreement on minimum wage levels and employee working conditions
- South African Company’s Act and national labour laws including Broad-based Black Economic Empowerment (BBBEE) and Occupational Health and Safety Act
- South Africa Bureau of Standards (SABS) and ISO 9001 accreditation
- International Integrated Reporting Council’s (IIRC) Integrated Reporting
- International Financial Reporting System (IFRS) for financial reporting and the need to externally audit our financial statements
- Global Reporting Initiative (GRI) for nonfinancial reporting.
We are also an organisational stakeholder of the GRI, a member of the Cape Clothing Association, as well as the Cape Clothing Cluster, and continue to contribute on a monthly basis to our industry Skills Education Training Authority (SETA).
Managing theft, fraud and anti-competitive behaviourImpahla has policies that cover a range of conduct issues, including theft, fraud and corruption. These policies are supplied as part of each employee contract, and visually displayed at each site.
None of our operations has been externally assessed for risks related to corruption. However, theft remains more of an issue than fraud and corruption at Impahla, and a zero-tolerance approach is in practice. We continually brief employees on the topic of theft and how this can damage the future of the business for everyone. No formal training on fraud and corruption has been undertaken, but our systems and processes limit opportunities for this, as the managing director must sign off on all important activities.
In the event that a crime has been committed, Impahla conducts a disciplinary hearing overseen by an independent chairperson and the NBC – the regulatory body of the Clothes and Textile industry of South Africa. Any employee has the right to representation either by the shop steward or by a member of the union, and all details of the hearing are
recorded and made available for scrutiny. In the event that the employee is found guilty, the police are involved. All cases across the business are dealt with in the same manner, including with directors, and this is outlined in the shareholders’ agreement.
During the period under review, no instances of theft were identified. Since inception there has been no legal action taken against us for any anti-competitive behaviour, anti-trust or monopoly practices. We have also not identified any instances of non-compliance with laws and regulations, and there have been no disputes, sanctions or fines for any form of non-compliance with any laws and regulations.