Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Amended Codes of Good Practice (2013)

Amended Code Series 200: Measurement of the Management Control Element of Broad-Based Black Economic Empowerment

Statement 200: The General Principles for Measuring Management Control

3. Key Measurement Principles
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3.1A Measured Entity receives points by meeting the targets for participation of black people and black women at Board, Executive Management, Senior Management, Middle Management, Junior Management Level, and black employees with disabilities.

 

3.2A Measured Entity must use the current payroll data in calculating its score under the Management Control scorecard.

 

3.3If a Measured Entity does not distinguish between Other Executive Management and Senior Management, then Executive Management is measurable as a single indicator with a Weighting of 6 points under paragraphs 2.2.1 and 2.2.2 split as 4 and 2 points respectively.

 

3.4GENERAL PRINCIPLES

 

3.4.1Executive Management positions include the following: Chief Executive Officer, Chief Operating Officer, Chief Financial Officer and other Executive Managers that serve on the Board of Directors.

 

3.4.2Other Executive Management positions include all executive management that do not serve on the board, such as human resource executive, transformation executive and other people holding similar positions.