Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentIntegrated Transport Sector CodesMaritime Transport & Services Industry Sub-Sector Code for B-BBEE3. Indicators of Empowerment3.3 Management Control3.3.2 The Private Industry commits to: |
| 3.3.2.1 | Recruit onto their boards and similar governing structures black directors (who do not necessarily own equity) to reach a target of at least 50% within 5 years. 50% of these targets, which is equal to 25% of the total for both number of black women directors with exercisable voting rights. |
| 3.3.2.2 | Recruit onto their boards black directors to constitute 50% of executive directors. 25% of the number of black executive directors should be earmarked for black women. |
| 3.3.2.3 | Recruit into senior top management structures in enterprises black people such that a target of 40% of the total number of senior top management positions, such as a Chief Executive Officer, Chief Financial Officer or Chief Investment Officer, will be occupied by black people. |
| 3.3.2.4 | 20% of senior top management positions should be earmarked for black women. |
| 3.3.2.5 | Recruit into other top management structures in enterprises black people such that a target of 40% of the total number of other senior top management positions, such as a Marketing Director/Manager, Human Resources Director/Manager, IT Director/Manager. |
| 3.3.2.6 | 20% of other top management positions (e.g. Divisional managers) should be earmarked for black women. |
| 3.3.2.7 | Endeavour to recruit black people living with disability at management levels, where they should constitute 3% of total executive management. |
| 3.3.2.8 | If the measured entity does not differentiate between senior top management and other top management; senior top management and the other top management can be collapsed into one indicator-top management. The target remains 40%, and the weighting will be the sum of the senior top management and other top management weighting. |
| 3.3.2.9 | QSEs within the sector commits to recruiting black people at Top Management positions, where they should constitute 50.1% of total Top Management. |
| 3.3.2.10 | Recruiting black women at Top Management level; where they should constitute 25% of all such positions. |