Indigenisation and Economic Empowerment Act updated as at 8th May 2015 operations, the compliance by the Board with best business and other practices, and regular reporting by the Board to its shareholders; (b) all businesses must encourage employee/management participation in decision-making through such expedients as employee share ownership schemes or trusts and/or management buy-ins; Behavioural Responsibility (a) All businesses shall ensure that the principles of fairness, honesty, sincerity, transparency, accountability, efficiency, commitment, professionalism, confidentiality, integrity, respect and networking apply in their operations in a manner that maintains the corporate reputation of the business locally and internationally, thereby protecting the country’s image; (b) in particular, all businesses shall seek a fair economic return for their investment and for the supply of their goods and services, and shall not take unfair advantage of their customers through unfair or exploitative pricing practices. Production Responsibility (a) All businesses have an obligation to produce or manufacture goods that meet national and international standards; (b) all business operations shall be conducted in a cost-effective manner; (c) businesses shall, to the extent possible, utilise locally available resources and promote value addition; (d) businesses shall utilise indigenous knowledge systems, and promote local research and development as well as promote technology transfer. Employment Responsibility All businesses shall subscribe to equal employment opportunities for all. Safety and Health Responsibility All businesses shall create a safe and healthy working environment for their employees. Environmental Responsibility All businesses shall protect the environment in which they operate in order to ensure sustainable development. Legal Responsibility Businesses shall, in their operations, abide by the laws, rules and regulations governing the country’s economy. Social Responsibility All businesses should contribute socially to the communities they serve. Monitoring and Evaluation 4.(1) Databases for monitoring and evaluation purposes shall be maintained and regularly updated within Government and sector levels. (2) The Secretary shall prepare an Annual Report on compliance and non-compliance with the Charter, for consideration by the Minister. - 45 -