Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Codes of Good Practice on Black Economic EmpowermentIntegrated Transport Sector CodesTaxi Industry Sub-Sector Code for B-BBEE7. Taxi Associations7.2 Management Control |
| 7.2.1 | In this regard, the challenge is to develop the skills of owner-managers and to increase the participation of black women, black youth and black people living with disabilities as well as to inculcate a culture of good corporate governance and transparency. |
| 7.2.2 | The principle is therefore to increase the participation of black women, black youth and black people living with disabilities on Taxi Association boards and similar governing structures at Local, Provincial and National levels, and where applicable, to company boards to create decision-making structures that truly represent the gender diversity and marginalized groups of our country. The industry will be transparent to eliminate unscrupulous business practices by adopting best-practice governance policies. In addition, the industry will work towards promoting safety, customer care activities etc. |
| 7.2.3 | Industry commits to: |
| 7.2.3.1 | Top Management: 50% of Top Management in Measured Entities being black women. |
| 7.2.3.2 | Top Management: 25% of Top Management in Measured Entities being black youth. |
| 7.2.3.3 | Board Representation: 50% of voting rights in the hands of black women board members in all national, regional and local boards. |
7.2.3.4.Black Youth: 25% of voting rights in the hands of black youth in all national, regional and local boards.
| 7.2.3.5 | Black Disabled People: 2% of voting rights in the hands of black disabled board members in all national, regional and local boards. |
| 7.2.3.6 | Develop a national code of ethics, which will guide the industry at the provincial and local levels. |
| 7.2.4 | Measurement Principles and the Application of the Charter |
| 7.2.4.1 | Measurement principles associated with the management control element are contained in Statement 200 of Code 200 of the Generic Code of Good Practice. |
| 7.2.4.2 | The 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. |
| 7.2.4.3 | Measurement 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 100, of the Generic Codes of Good Practice. |