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

Codes of Good Practice on Black Economic Empowerment

Integrated Transport Sector Codes

Road Freight Sub-Sector Code

3. Indicators of Empowerment

3.3 Management Control
Purchase cart Previous page Return to chapter overview Next page

 

 

3.3.1The Private sector commits to:

 

3.3.1.1Board Representation: The private sector commits itself to a minimum of 50% exercisable voting rights of black board members. Points will only be scored if enterprises achieve a target of 10% in year one, 20% in year two, 30% in year three and 40% in year four.

 

3.3.1.2Board Representation-Black Women: The private sector commits to a minimum of 25% voting rights of black women board  members. Points will only be scored if enterprises achieve a target of 5% in year one, 10% in year two, 15% in year three and 20% in year four.

 

3.3.1.3Senior Top Management-Black People: The private sector commits to a minimum of 40% of the total employees in Senior Top Management.

 

3.3.1.4 Senior Top Management-Black Women: The private sector commits to a minimum of 20% of the total employees in Senior Top Management.

 

3.3.1.5Other Top Management-Black People: The private sector commits to a minimum of 40% of the total employees in Other Top Management.

 

3.3.1.6Other Top Management-Black Women: The private sector commits to a minimum of 20% of the total employees in Other Top Management.

 

3.3.1.7If the measured entity is unable to distinguish between Senior Top Management and Other Top Management, both criteria may be combined into "Top Management" which is measurable as a single indicator with a target of 40% and a weighting of 2.5%, and "Woman Top Management" which is measurable as a single indicator with a target of 20% and a weighting of 2.5%.

 

3.3.1.8QSE within the sector commit to recruiting black people at Top Management positions, where they should constitute 50.1% of total Top Management.

 

3.3.1.9Conclude discussions with stakeholders to develop a Code of Good Practice for Owner-Driver Schemes (See Appendix B).

 

3.3.2Measurement Principles and Application of the Charter

 

3.3.2.1Measurement principles associated with the management control element are contained in Statement 200 of Code 200 of the Generic Codes 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 Codes of Good Practice. The Adjustment Recognition for Gender found in Annexure 200 (A)-A will not apply.

 

3.3.2.3Measurement principles needed for the application of the Sub-Sector Code with regards to the management control element for QSE are contained in statement  802, of Code 800, of the Generic Codes of Good Practice.