Public statement and policy on Impartiality

Impartiality lies at the heart of Renaissance’s commitment to Broad Based Black Economic Empowerment and concomitant verifications.

Renaissance base its impartiality policy on the underlying values of: objectivity, independence, freedom from conflict of interest, freedom from bias, lack of prejudice, neutrality, fairness, open mindedness, even handedness detachment and balance.

To ensure that impartiality is both maintained and can be demonstrated the following principles have been established:

 

  • Renaissance Certificates are only issued after review by an independent authorized and competent verification manager to ensure that no interest predominate

  • Renaissance does not offer consultancy services to companies or individuals

  • Renaissance does not have any relationships with companies who offer consultancy related to BEE or other services that can be construed as having an impact on the BEE verification provided by Renaissance. Any proposed relationship between Renaissance and any other company will undergo a risk assessment by an independent risk assessor prior to the formalization of the relationship

  • Individuals employed by Renaissance are required to document their current relationship and past relationships with all companies specifically if they have provided consultancy in the past two years. Any situation past or present which may present a potential conflict of interest is required to be declared by employees on the declaration form to be completed. Should there be a conflict of interest and it can be resolved without compromising objectivity Renaissance shall not provide the verification.

  • All employees will be monitored annually to ensure, amongst other criteria that they remain impartial.

  • Renaissance shall in no way provide a verification that is simpler, faster or less expensive to the entity as a result of the entity making use of a specific consultancy agency