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

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

Rail Sub-Sector Code for B-BBEE

3. Indicators of Empowerment

3.3 Management Control
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3.3.1Private Industry Commits to:

 

3.3.1.1Ideally, an equal level of management control should accompany black ownership. Private industry will therefore aspire to the following 5-year targets regarding management control:

 

3.3.1.1.1Board Members: 33% of the exercisable voting rights in the hands of black people.

 

3.3.1.1.2Women Board Members: 16.5% of exercisable voting rights in the hands black women.

 

3.3.1.1.3Executive Directors: 33% of all executive director positions occupied by black people.

 

3.3.1.1.4Women   Executive   Directors:   16.5%  of   all  executive   positions occupied by black people.

 

3.3.1.1.5Senior Top Management: 40% of all top senior  management positions occupied by black people.

 

3.3.1.1.6Women  Senior  Top  Management:  20%  of  all top  senior  positions occupied by black women.

 

3.3.1.1.7Other Top Management: 40% of all other top management positions occupied by black people.

 

3.3.1.1.8Women Other Top Management: 20% of all other top management positions occupied by black women.

 

3.3.1.1.9QSEs within the sector commits to recruiting black people at Top Management positions, where they should constitute 50.1% of total Top Management.

 

3.3.1.1.10Recruiting black women at Top Management level; where they should constitute 25% of all such positions.

 

3.3.2Measurement Principles and Application of the Charter

 

3.3.2.1Measurement principles associated with the management control element is contained in Statement 200 of Code 200 of the Generic Code of Good Practice.

 

3.3.2.2The formulae required in the determination of the management control score are contained in Annexure 200 (A)-B of Statement 200 of Code 200  of  the  Generic  Code  of  Good  Practice.  The  Adjustment Recognition for Gender will not apply Annexure 200 (A)-A.
3.3.2.3Measurement principles needed for the application of the Sub-Sector Code with regards to the management control element for QSEs are contained in statement 802, of Code 800, of the Generic Codes of Good Practice.