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

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

B-BBEE Sub-Sector Code for Public Sector - Transport

3. State Owned Enterprises

3.2 Indicators of Empowerment

3.2.2 Management Control

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3.2.2.1The measurement principles and the application of the Sub-Sector Code are the same as those that are discussed within the Department of Transport guidelines (Section 2.3.2.3), page 6). The management control element will comprise the following criteria and targets:

 

3.2.2.1.1The management control element will comprise the following criteria and targets:

 

3.2.2.1.2Exercisable voting rights of black board members, for which the target will be 70%.

 

3.2.2.1.3Exercisable voting rights of black woman board members, for which the target will be 35%.

 

3.2.2.1.4Black Representation at the Executive Director level, for which the target will be 70%.

 

3.2.2.1.5Black Women Representation at the Executive Director level, for which the target will be 35%.

 

3.2.2.1.6Black Representation at the Senior Top Management level, for which the target will be 70%.

 

3.2.2.1.7Black Women Representation at the Senior Top Management  level, for which the target will be 35%.

 

3.2.2.1.8Black Representation at the Other Top Management level, for which the target will be 70%.

 

3.2.2.1.9Black Women  Representation at the Other Top  Management  level, for which the target will be 35%.

 

3.2.2.1.10Black Disabled Representation, for which the target will be 1%.