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

Annexe 200(A)

B: Measurement of Management Control Indicators Annexe 200A
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B: MEASUREMENT OF MANAGEMENT CONTROL INDICATORS ANNEXE 200A

 

The management control criteria provided for in paragraphs 2.1, 2.2, is calculated as follows:

 

Where

 

A is the score achieved in respect of a Measured Entity subject to measurement for the management control criteria specified in paragraph 2.1, 2.2.

 

B is the of Voting Rights in the hands of black members of the Board as percentage of Voting Rights of all members of the Board in the Measured Entity.

 

Or

 

B is the percentage of all employees in the executive and other executive management category that are black people of that Measured Entity.

 

Or

 

B is the percentage of black employees as calculated in Formula A.

 

C is the percentage compliance target in respect of the applicable management control criteria being measured as specified in paragraph 2.1, 2.2, 2.3, 2.4, and 2.5.

 

D means the weighting points allocated to the applicable management control criteria being measured as specified in paragraph 2.1, 2.2, 2.3, 2.4, and 2.5.