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

Codes of Good Practice on Black Economic Empowerment

Code Series 200: Measurement of the Ownership Element of Broad-Based Black Economic Empowerment

Statement 200 : The General Principles for Measuring Management Control

2. Management Control Scorecard
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The following table represents the indicators and method for calculating a score for Management Control under this statement:

 

Category

Management Control Indicator

Weighting points

Compliance Target
2.1)Board participation:

2.1.1)Exercisable Voting Rights of black Board members using the Adjusted Recognition for Gender

3

50%

2.1.2)Black Executive Directors using the Adjusted Recognition for Gender

2

50%
2.2)Top Management

2.2.1)Black Senior Top Management using the Adjusted Recognition for Gender

3

40%

2.2.2)Black Other Top Management using the Adjusted Recognition for Gender

2

40%
2.3)Bonus points:

Black Independent Non-Executive Board Members

1

40%