The Sanlam Financial Services Group recognises the business imperatives of Employment Equity, and supports the goals and objectives thereof.

Sanlam views employment equity as an integral element of its overall transformation initiative, with the Group Executive Chairman on numerous occasions stressing its business imperatives. The Group accepts the necessity to enact legislation for the removal of economic legacies of structural inequality, and view employment equity as an opportunity to strategically position itself to achieve certain business objectives. Furthermore, Sanlam believes that each individual has the right to dignity, respect and the realisation of their potential. It is in this context that the Sanlam Board of Directors commit themselves to the successful implementation of employment equity.

The goals of Sanlam's employment equity initiative are to:

• Strategically position the company in a shifting macro environment.
• Support the company's vision of creating a working environment that is conducive to attracting, training and retaining skilled people from all sectors of society.
• Ensconce an organisational culture valuing diversity and respecting the inherent dignity and worth of each individual.
• Establish a diverse workforce to best meet Sanlam's business objectives.
• Broaden the company's skills base.
• Give effect to the SA Constitution, the Employment Equity Act and the Promotion of Equality Act.

By embarking on employment equity, the Group seeks to create a truly South African company, free from all forms of unfair discrimination, with equal opportunities for all and where diversity is optimised to enhance productivity.