Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentCode Series 200: Measurement of the Ownership Element of Broad-Based Black Economic EmpowermentStatement 200 : The General Principles for Measuring Management Control4. Key Measurement Principles |
| 4.1) | A Measured Entity receives points by meeting the targets for participation of black people and black women at Board and Top Management level. |
| 4.2) | A Measured Entity must use the data in calculating its score under the Management Control scorecard used in its returns filed with the Department of Labour under the Employment Equity Act. This does not apply to Measured Entities exempt from filing such returns. |
| 4.3) | A Measured Entity that does not distinguish between Top Management and Senior Management may include its Senior Management under this statement. If a Measured Entity adopts this approach – |
| 4.3.1) | the corresponding targets for Senior Management in Code series 300 will apply to the Management Control scorecard; |
| 4.3.2) | Senior Management included in this statement is not measurable under statement 300. |
| 4.4) | If a Measured Entity does not distinguish between Senior Top Management and Other Top Management, then Top Management is measurable as a single indicator with a Weighting of 5 points under paragraphs 2.2.1 and 2.2.2. |
| 4.5) | If Measured Entities do appoint Non-Executive Independent Board Members, they are encouraged to appoint persons who do not serve in that capacity for any other Measured Entity. |