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

Annexe 200(A)
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A)Calculation of the Adjusted Recognition for Gender

 

 

A = B  - C

2

C is limited to a maximum of 40% of the target.

 

Where:

 

A  is the Adjusted Recognition for Gender.

 

B is the percentage of employees in the measurement category that are black people.

 

C is the percentage of employees in the measurement category that are black women.

 

 

 

B)Calculating Compliance

 

The calculation of the management indicators provided for in paragraphs 2.1.1, 2.1.2, 2.2.1 and 2.2.2 is as follows:

 

 

A = B x D

C

C is limited to a maximum of 50% of the target.

 

Where:

 

A  is the score for measured management indicator.

 

B is the Adjusted Recognition for Gender calculated in paragraph 5.

 

C is the target for that measurement category as per paragraph 2.

 

D is the Weighting for measured indicator as per paragraph 2.

 

·The calculation of the management indicator provided for in paragraph 2.3 is as follows:

 

 

 

A = B x D

C

Where:

 

A  is the score for the management indicator in paragraph 2.3 of the number of black Independent Non-Executive Board Members of the Measured Entity as a percentage of the total number of Independent Non-Executive Board Members of the Measured Entity.

 

C is the target for Independent Non-Executive Board Members of the Measured Entity in paragraph 2.3.

 

D is the Weighting points in paragraph 2.3.